What's happening with Plug Power stock?
Plug Power (NASDAQ: PLUG) is on fire this week. The stock shot up again today and was trading as high as 6.2% as of 12:20 p.m. ET. An analyst expects …
Is plug power efficiently growing its dividend?
Nov 22, 2021 · Shares of fuel cell pioneer Plug Power ( PLUG -3.66% ) jumped out of the gate on Monday, opening 4.1% above Friday's close at 9:30 a.m. ET, before starting to wobble lower. At the same time, rival ...
Should you watch plug power (plug) stock?
Apr 14, 2022 · Plug Power's stock was trading at $3.78 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PLUG shares have increased by 594.7% and is now trading at $26.26.
What are analysts'1-year price targets for Plug Power stock?
Jun 29, 2021 · NurPhoto via Getty Images. Plug Power (NASDAQ: PLUG), a company that sells hydrogen fuel cell systems that are used in the material handling and power backup space, saw its stock rally by over 9% ...
Is Plug stock expected to rise?
Stock Price Forecast The 25 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 38.00, with a high estimate of 78.00 and a low estimate of 21.00. The median estimate represents a +47.46% increase from the last price of 25.77.
Why did Plug Power go up?
Why Shares of Plug Power Climbed 13% in March According to Plug Power, the source of this robust growth will be the company's material handling equipment business, which is projected to account for $600 million in revenue for 2022.
Is Plug stock a good buy right now?
PLUG stock has an EPS Rating of 43, as it is not yet profitable. It has an A+ Accumulation/Distribution Rating, indicating strong buying among institutional investors. Plug Power's SMR Rating of D indicates that it outperforms 20% to 40% of other stocks.Mar 22, 2022
Is plug a buy or sell?
Plug Power has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 18 buy ratings, 5 hold ratings, and 1 sell rating.
Why is Plug Power dropping so much?
What happened. Shares of fuel cell pioneer Plug Power ( PLUG -2.47% ) dropped Wednesday morning after the company conducted a business update webcast and made an accompanying Securities and Exchange Commission (SEC) filing that featured new projections for fiscal 2022 revenue -- and 2025 revenue as well.Jan 19, 2022
Is plug profitable?
LATHAM – Plug Power (Nasdaq: PLUG) said it ended 2021 recording its highest quarterly revenue ever. The green hydrogen producer reported fourth-quarter revenue of roughly $162 million, according to the Securities Exchange Commission (SEC) Tuesday. However, its investors have yet to see a profit come from that.Mar 2, 2022
Is plug a long term stock?
Plug Power Stock Is a Great Pick for Long-Term Investors.Jan 17, 2022
Is Baba a buy or sell?
Of the 27 ratings, 21 recommend BABA stock as a buy, compared with three hold and three sell recommendations.
Is Plug Power undervalued?
The Verdict: At today's price, Plug stock appears to be extremely overvalued based on a sampling of common fundamental valuation metrics.Nov 4, 2021
What is the target price for plug?
Stock Price TargetsHigh$78.00Median$38.00Low$21.00Average$40.48Current Price$26.75
What is Nio price target?
The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 32.97, with a high estimate of 86.67 and a low estimate of 24.11.
Is Plug Power a buy right now?
26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are current...
How has Plug Power's stock been impacted by COVID-19 (Coronavirus)?
Plug Power's stock was trading at $3.78 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organ...
When is Plug Power's next earnings date?
Plug Power is scheduled to release its next quarterly earnings announcement on Tuesday, June 28th 2022. View our earnings forecast for Plug Power .
How were Plug Power's earnings last quarter?
Plug Power Inc. (NASDAQ:PLUG) posted its quarterly earnings results on Tuesday, March, 1st. The electronics maker reported ($0.33) earnings per sha...
What guidance has Plug Power issued on next quarter's earnings?
Plug Power updated its FY 2022 earnings guidance on Tuesday, March, 15th. The company provided EPS guidance of for the period. The company issued r...
What price target have analysts set for PLUG?
26 analysts have issued twelve-month price objectives for Plug Power's shares. Their forecasts range from $21.00 to $65.00. On average, they antici...
Who are Plug Power's key executives?
Plug Power's management team includes the following people: Andrew J. Marsh , President, Chief Executive Officer & Director Keith C. Schmid , Ch...
What is Andy Marsh's approval rating as Plug Power's CEO?
27 employees have rated Plug Power CEO Andy Marsh on Glassdoor.com . Andy Marsh has an approval rating of 52% among Plug Power's employees. This p...
Who are some of Plug Power's key competitors?
Some companies that are related to Plug Power include Woodward (WWD) , Bloom Energy (BE) , Ballard Power Systems (BLDP) , GrafTech Internationa...
Is Plug Power a buy right now?
What stocks does MarketBeat like better than Plug Power?
25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 2 sell ratings, 8 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Plug Power stock.#N#View analyst ratings for Plug Power or view top-rated stocks.
When is Plug Power's next earnings date?
Wall Street analysts have given Plug Power a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Plug Power wasn't one of them.
How were Plug Power's earnings last quarter?
Plug Power is scheduled to release its next quarterly earnings announcement on Monday, November 8th 2021.#N#View our earnings forecast for Plug Power.
How has Plug Power's stock price been impacted by COVID-19 (Coronavirus)?
Plug Power Inc. (NASDAQ:PLUG) issued its quarterly earnings data on Thursday, August, 5th. The electronics maker reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.11.#N#View Plug Power's earnings history.
What price target have analysts set for PLUG?
Plug Power's stock was trading at $3.78 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PLUG stock has increased by 539.2% and is now trading at $24.16.#N#View which stocks have been most impacted by COVID-19.
What is Andy Marsh's approval rating as Plug Power's CEO?
25 equities research analysts have issued 1-year price targets for Plug Power's shares. Their forecasts range from $23.00 to $75.00. On average, they expect Plug Power's stock price to reach $38.98 in the next twelve months.
After the panic come the bargain hunters
27 employees have rated Plug Power CEO Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among Plug Power's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
For the second day in a row, shares of fuel cell pioneer Plug Power ( NASDAQ:PLUG) are moving higher and recovering some of the losses suffered from Citron's short attack last week. After rising 4% on Tuesday, Plug tacked on more than 6% in early gains this morning.
Now what
Why is Plug stock going back up -- and on a day when there appears to be no positive news about any company in the fuel cell world? I can only surmise that investors are beginning to realize that the short report that Citron put out on Plug stock last week, while damning, wasn't exactly original.
Signals & Forecast
Granted, Citron also raised other objections to Plug, such as its prediction that the company will "miss 2020 revenue guidance by 40%." But Citron's almost alone in making that assertion. On average, analysts who follow Plug stock mainly agree that this year's revenues will be of the blockbuster variety -- up nearly 35% from last year.
Support, Risk & Stop-loss
Mostly positive signals in the chart today. The Plug Power stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Is Plug Power stock A Buy?
Plug Power finds support from accumulated volume at $26.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
How much did plug power lose in 2020?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Is Plug Power dependent on two customers?
On May 14, Plug Power restated 2020 revenue, adding $7.2 million to bring it to negative $93.2 million. It reduced 2019 revenue by about $300,000 and 2018 revenue by about $400,000. In 2020 losses widened by 10 cents a share to $1.68, while 2019 per-share losses remained unchanged and 2018 losses widened by 3 cents a share.
Is hydrogen power renewable?
McNally said Plug Power is effectively dependent on two customers , which makes the company's situation fragile. "In addition, Plug Power is not the only company in this space that has been able to raise capital, so we expect stronger competition in the years to come," he said.
