It’s been a crucial week for Plug Power Inc. (NASDAQ:PLUG); here’s what analysts have to say.

August 9, 2018 - By Pearl Odom

Plug Power Inc. (NASDAQ:PLUG) LogoInvestors sentiment decreased to 1.07 in 2018 Q1. Its down 0.19, from 1.26 in 2017Q4. It dived, as 11 investors sold Plug Power Inc. shares while 34 reduced holdings. 23 funds opened positions while 25 raised stakes. 62.36 million shares or 4.47% more from 59.69 million shares in 2017Q4 were reported.
Manufacturers Life Insur Communications The holds 0% or 173,641 shares in its portfolio. Riggs Asset Managment Inc accumulated 0% or 200 shares. Pnc Ser Gp stated it has 0% of its portfolio in Plug Power Inc. (NASDAQ:PLUG). Alpine Woods Investors Limited Co reported 20,000 shares stake. Howe & Rusling accumulated 0% or 500 shares. Lederer And Assocs Investment Counsel Ca holds 10,000 shares or 0.02% of its portfolio. Lpl Fin Ltd Limited Liability Company invested 0% in Plug Power Inc. (NASDAQ:PLUG). Welch & Forbes Ltd Co stated it has 0% of its portfolio in Plug Power Inc. (NASDAQ:PLUG). Synovus Fincl owns 2,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in Plug Power Inc. (NASDAQ:PLUG). Prudential holds 15,930 shares or 0% of its portfolio. Hrt Limited Liability Corporation reported 27,832 shares stake. Two Sigma Limited Liability invested in 16,325 shares or 0% of the stock. Moreover, Bluecrest Mgmt Ltd has 0.02% invested in Plug Power Inc. (NASDAQ:PLUG) for 302,713 shares. Morgan Stanley invested in 0% or 1.91M shares.

Plug Power Inc. (NASDAQ:PLUG) Ratings Coverage

Among 2 analysts covering Plug Power (NASDAQ:PLUG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Plug Power had 3 analyst reports since March 7, 2018 according to SRatingsIntel. FBR Capital maintained Plug Power Inc. (NASDAQ:PLUG) on Thursday, March 8 with “Buy” rating. As per Thursday, May 10, the company rating was maintained by FBR Capital. The rating was maintained by Canaccord Genuity on Wednesday, March 7 with “Buy”. Below is a list of Plug Power Inc. (NASDAQ:PLUG) latest ratings and price target changes.

10/05/2018 Broker: FBR Capital Rating: Buy New Target: $3.5000 Maintain
08/03/2018 Broker: FBR Capital Rating: Buy Maintain
07/03/2018 Broker: Canaccord Genuity Rating: Buy New Target: $5.0 Maintain

The stock decreased 2.97% or $0.06 during the last trading session, reaching $1.96. About 1.87M shares traded. Plug Power Inc. (NASDAQ:PLUG) has risen 4.79% since August 9, 2017 and is uptrending. It has underperformed by 7.78% the S&P500.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen fuel cell systems primarily for the material handling and stationary power markets in the United States. The company has market cap of $419.98 million. It focuses on proton exchange membrane fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. It currently has negative earnings. The firm offers GenDrive, hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells, GenSure products, and GenFuel products; and GenSure, a stationary fuel cell solution that provides scalable modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors.

More notable recent Plug Power Inc. (NASDAQ:PLUG) news were published by: Fool.com which released: “Should You Buy This Fuel Cell Company After Its Recent IPO?” on July 30, 2018, also Nasdaq.com with their article: “Plug Power to Announce 2018 Second Quarter Results” published on August 02, 2018, Seekingalpha.com published: “Plug Power +2% forecasting breakeven EBITDA” on August 09, 2018. More interesting news about Plug Power Inc. (NASDAQ:PLUG) were released by: Investorplace.com and their article: “The 7 Best Penny Stocks to Buy” published on August 07, 2018 as well as Fool.com‘s news article titled: “3 Things to Look For When Plug Power Reports Q2 Earnings” with publication date: August 06, 2018.

Plug Power Inc. (NASDAQ:PLUG) Institutional Positions Chart

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