Plug Power Inc. [PLUG] Revenue clocked in at $879.80 million, down -31.20% YTD: What’s Next?

Plug Power Inc. [NASDAQ: PLUG] gained 0.59% or 0.05 points to close at $8.51 with a heavy trading volume of 11074314 shares. The company report on August 30, 2023 at 9:37 AM that Plug Power Announces Settlement with SEC.

The Company, without admitting or denying the findings, agreed to a cease-and-desist order regarding Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Securities Exchange Act, and Rules 13a-1, 13a-13, and 13a-15(a) – (c) thereunder. The SEC’s order can be found at As part of the settlement, the Company agreed to a civil monetary penalty in the amount of $1.25 million.   Additionally, the Company has undertaken to fully remediate its material weakness and publicly disclose the same within one year from the date of the order. If the Company is unable to remediate its material weakness by that date, an additional civil monetary penalty in the amount of $5 million will be due within 90 days from one year from the date of the order.

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It opened the trading session at $8.60, the shares rose to $8.83 and dropped to $8.50, the range by which the price of stock traded the whole day. The daily chart for PLUG points out that the company has recorded -38.51% loss over the past six months. However, it is still -15.16% lower than its most recent low trading price.

If we look at the average trading volume of 24.33M shares, PLUG reached to a volume of 11074314 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $17.71 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 2.10. 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.

ROTH MKM have made an estimate for Plug Power Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 10, 2023.

The Average True Range (ATR) for Plug Power Inc. is set at 0.55, with the Price to Sales ratio for PLUG stock in the period of the last 12 months amounting to 5.79. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 1.70.

Trading performance analysis for PLUG stock

Plug Power Inc. [PLUG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.67. With this latest performance, PLUG shares dropped by -27.36% in over the last four-week period, additionally sinking by -38.51% over the last 6 months – not to mention a drop of -69.65% 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 38.72, with the RSI for the last a single of trading hit 39.69, and the three-weeks RSI is set at 40.35 for Plug Power Inc. [PLUG]. The present Moving Average for the last 50 days of trading for this stock 10.41, while it was recorded at 8.55 for the last single week of trading, and 11.86 for the last 200 days.

Plug Power Inc. [PLUG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Plug Power Inc. [PLUG] shares currently have an operating margin of -93.79 and a Gross Margin at -27.71. Plug Power Inc.’s Net Margin is presently recorded at -103.22.

Return on Total Capital for PLUG is now -12.68, given the latest momentum, and Return on Invested Capital for the company is -14.25. Return on Equity for this stock declined to -16.71, with Return on Assets sitting at -12.36. When it comes to the capital structure of this company, Plug Power Inc. [PLUG] has a Total Debt to Total Equity ratio set at 22.13. Additionally, PLUG Total Debt to Total Capital is recorded at 18.12, with Total Debt to Total Assets ending up at 15.59. Long-Term Debt to Equity for the company is recorded at 19.15, with the Long-Term Debt to Total Capital now at 15.68.

Reflecting on the efficiency of the workforce at the company, Plug Power Inc. [PLUG] managed to generate an average of -$215,928 per employee. Receivables Turnover for the company is 4.30 with a Total Asset Turnover recorded at a value of 0.12.Plug Power Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 3.20.

An analysis of Institutional ownership at Plug Power Inc. [PLUG]

The top three institutional holders of PLUG stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in PLUG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in PLUG stock with ownership which is approximately 5.7381%.

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