Plug Power Inc. [PLUG] Revenue clocked in at $-100.47 million, down -25.57% YTD: What’s Next?

Plug Power Inc. [NASDAQ: PLUG] price plunged by -7.34 percent to reach at -$2.0. The company report on April 20, 2021 that SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Plug Power Inc., of Class Action Lawsuit and Upcoming Deadline – PLUG.

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Pomerantz LLP announces that a class action lawsuit has been filed against Plug Power Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG) and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 21-cv-02402, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Plug securities between November 9, 2020 and March 1, 2021, inclusive (the “Class Period”). Plaintiff pursues claims against the Defendants under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased Plug Power securities during the Class Period, you have until May 7, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

A sum of 35910909 shares traded at recent session while its average daily volume was at 35.82M shares. Plug Power Inc. shares reached a high of $26.90 and dropped to a low of $25.012 until finishing in the latest session at $25.24.

Guru’s Opinion on Plug Power Inc. [PLUG]:

Morgan Stanley have made an estimate for Plug Power Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on April 12, 2021. The new note on the price target was released on March 30, 2021, representing the official price target for Plug Power Inc. stock. On March 02, 2021, analysts increased their price target for PLUG shares from 21 to 29.

The Average True Range (ATR) for Plug Power Inc. is set at 3.05 The Price to Book ratio for the last quarter was 15.20, with the Price to Cash per share for the same quarter was set at 0.93.

PLUG Stock Performance Analysis:

Plug Power Inc. [PLUG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.96. With this latest performance, PLUG shares dropped by -30.58% in over the last four-week period, additionally plugging by 48.21% over the last 6 months – not to mention a rise of 458.41% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLUG stock in for the last two-week period is set at 31.22, with the RSI for the last a single of trading hit 26.66, and the three-weeks RSI is set at 34.98 for Plug Power Inc. [PLUG]. The present Moving Average for the last 50 days of trading for this stock 42.79, while it was recorded at 27.25 for the last single week of trading, and 28.28 for the last 200 days.

Insight into Plug Power Inc. Fundamentals:

Return on Total Capital for PLUG is now -38.03, given the latest momentum, and Return on Invested Capital for the company is -41.27. Return on Equity for this stock declined to -68.42, with Return on Assets sitting at -35.25. When it comes to the capital structure of this company, Plug Power Inc. [PLUG] has a Total Debt to Total Equity ratio set at 47.48. Additionally, PLUG Total Debt to Total Capital is recorded at 32.20, with Total Debt to Total Assets ending up at 29.60. Long-Term Debt to Equity for the company is recorded at 41.09, with the Long-Term Debt to Total Capital now at 27.86.

Receivables Turnover for the company is -2.46 with a Total Asset Turnover recorded at a value of -0.06.Plug Power Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.90.

PLUG Stock EPS

With the latest financial reports released by the company, Plug Power Inc. posted -0.12/share EPS, while the average EPS was predicted by analysts to be reported at -0.1/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLUG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Plug Power Inc. go to 25.00%.

Plug Power Inc. [PLUG] Insider Position Details

There are presently around $7,079 million, or 55.60% of PLUG stock, in the hands of institutional investors. The top three institutional holders of PLUG stocks are: BLACKROCK INC. with ownership of 47,161,335, which is approximately 14.596% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 40,465,986 shares of the stock with an approximate value of $1.1 billion in PLUG stocks shares; and D. E. SHAW & CO., INC., currently with $419.44 million in PLUG stock with ownership of nearly -16.056% of the company’s market capitalization.

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Positions in Plug Power Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 307 institutional holders increased their position in Plug Power Inc. [NASDAQ:PLUG] by around 80,124,446 shares. Additionally, 150 investors decreased positions by around 32,136,940 shares, while 44 investors held positions by with 147,599,898 shares. The mentioned changes placed institutional holdings at 259,861,284 shares, according to the latest SEC report filing. PLUG stock had 174 new institutional investments in for a total of 19,232,989 shares, while 48 institutional investors sold positions of 4,924,794 shares during the same period.

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