Plug Power Inc. [NASDAQ: PLUG] closed the trading session at $26.01 on 07/16/21. The day’s price range saw the stock hit a low of $25.90, while the highest price level was $27.02. The company report on July 14, 2021 that Apex Clean Energy and Plug Power Partner on Largest Green Hydrogen Power Purchase Agreement in the United States.
345 MW Renewable Project to Supply First Wind-Powered Hydrogen Plant in the United States.
Apex Clean Energy, one of the nation’s largest independent clean energy companies, and Plug Power (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, announced a 345 MW wind power purchase agreement (PPA) and a development services agreement for a green hydrogen production facility.
The stocks have a year to date performance of -23.30 percent and weekly performance of -11.50 percent. The stock has been moved at -60.91 percent over the last six months. The stock has performed -12.28 percent around the most recent 30 days and changed -4.52 percent over the most recent 3-months.
If compared to the average trading volume of 33.69M shares, PLUG reached to a volume of 16632169 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Plug Power Inc. [PLUG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLUG shares is $45.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLUG stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Seaport Global Securities have made an estimate for Plug Power Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 15, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on June 30, 2021, representing the official price target for Plug Power Inc. stock. Previously, the target price had yet another drop from $69 to $31, while Canaccord Genuity kept a Hold rating on PLUG stock.
The Average True Range (ATR) for Plug Power Inc. is set at 1.79 The Price to Book ratio for the last quarter was 2.72, with the Price to Cash per share for the same quarter was set at 8.13.
PLUG stock trade performance evaluation
Plug Power Inc. [PLUG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.50. With this latest performance, PLUG shares dropped by -12.28% in over the last four-week period, additionally sinking by -60.91% over the last 6 months – not to mention a rise of 187.09% 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 33.20, with the RSI for the last a single of trading hit 24.26, and the three-weeks RSI is set at 38.63 for Plug Power Inc. [PLUG]. The present Moving Average for the last 50 days of trading for this stock 29.20, while it was recorded at 27.23 for the last single week of trading, and 33.80 for the last 200 days.
Plug Power Inc. [PLUG]: An insightful look at the core fundamentals
Return on Total Capital for PLUG is now -42.68, given the latest momentum, and Return on Invested Capital for the company is -46.71. Return on Equity for this stock declined to -74.39, with Return on Assets sitting at -39.45. When it comes to the capital structure of this company, Plug Power Inc. [PLUG] has a Total Debt to Total Equity ratio set at 38.31. Additionally, PLUG Total Debt to Total Capital is recorded at 27.70, with Total Debt to Total Assets ending up at 24.96. Long-Term Debt to Equity for the company is recorded at 33.31, with the Long-Term Debt to Total Capital now at 24.08.
Reflecting on the efficiency of the workforce at the company, Plug Power Inc. [PLUG] managed to generate an average of -$463,934 per employee. Receivables Turnover for the company is -1.87 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 25.60 and a Current Ratio set at 26.60.
Plug Power Inc. [PLUG]: Insider Ownership positions
There are presently around $7,499 million, or 52.40% of PLUG stock, in the hands of institutional investors. The top three institutional holders of PLUG stocks are: BLACKROCK INC. with ownership of 59,768,929, which is approximately 26.733% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 45,808,517 shares of the stock with an approximate value of $1.19 billion in PLUG stocks shares; and FMR LLC, currently with $552.23 million in PLUG stock with ownership of nearly 164.759% of the company’s market capitalization.
Positions in Plug Power Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 346 institutional holders increased their position in Plug Power Inc. [NASDAQ:PLUG] by around 83,766,058 shares. Additionally, 233 investors decreased positions by around 47,329,017 shares, while 40 investors held positions by with 157,220,377 shares. The mentioned changes placed institutional holdings at 288,315,452 shares, according to the latest SEC report filing. PLUG stock had 167 new institutional investments in for a total of 18,568,731 shares, while 84 institutional investors sold positions of 11,690,795 shares during the same period.