News coverage about Plug Power (NASDAQ:PLUG) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plug Power earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 45.1027931889471 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- The Toyota Mirai Fuel Cell Electric Vehicle To Go On Sale This Year In Canada Starting In Québec (theautochannel.com)
- Technical Indicators in Focus – Plug Power Inc (NASDAQ: PLUG) – Alpha Beta Stock (alphabetastock.com)
- Plug Power’s One-Stop Solution – Seeking Alpha (seekingalpha.com)
- Plug Power (PLUG) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Short Interest in Plug Power Inc (PLUG) Drops By 6.7% (americanbankingnews.com)
A number of analysts have weighed in on PLUG shares. B. Riley restated a “buy” rating on shares of Plug Power in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Plug Power from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Thursday. BidaskClub lowered shares of Plug Power from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Canaccord Genuity started coverage on shares of Plug Power in a research note on Friday, December 1st. They set a “buy” rating and a $5.00 price objective for the company. Finally, HC Wainwright restated a “buy” rating and set a $4.00 price objective on shares of Plug Power in a research note on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.23.
Shares of Plug Power (NASDAQ PLUG) traded down $0.04 during mid-day trading on Friday, hitting $2.27. 1,200,500 shares of the stock were exchanged, compared to its average volume of 3,020,692. Plug Power has a 52-week low of $0.83 and a 52-week high of $3.21. The company has a market capitalization of $518.63, a price-to-earnings ratio of -3.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.29 and a quick ratio of 0.86.
Plug Power (NASDAQ:PLUG) last announced its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). Plug Power had a negative net margin of 96.27% and a negative return on equity of 83.93%. The firm had revenue of $61.43 million during the quarter, compared to analyst estimates of $54.57 million. During the same period in the previous year, the business posted $0.07 earnings per share. The business’s revenue for the quarter was up 249.0% on a year-over-year basis. sell-side analysts forecast that Plug Power will post -0.51 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2018/01/19/plug-power-plug-earning-somewhat-favorable-news-coverage-accern-reports.html.
Plug Power Company Profile
Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.
Receive News & Ratings for Plug Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plug Power and related companies with MarketBeat.com's FREE daily email newsletter.