How to Buy Plug Power Stock
Plug Power Inc
Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally.
Plug Power stock last closed at $9.52, down 0.31% from the previous day, and has decreased 48.65% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 0.7 percentage points. Plug Power stock is currently +28.82% from its 52-week low of $7.39, and -69.84% from its 52-week high of $31.56.
As of Jun 8, 2023, there are 600.54M PLUG shares outstanding. The market capitalization of PLUG is $5.72B. In the last 24 hours, 21.98M PLUG shares were traded.
How to Buy Plug Power Stock
Wondering how to invest in Plug Power stock? Here's how.
- Figure out where to buy Plug Power stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Plug Power stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your method of payment and add your information.
- Research Plug Power stock: The Plug Power ticker symbol is PLUG. Is Plug Power stock a good investment? Should you buy shares of PLUG? How do PLUG's underlying business fundamentals look? Do top analysts think Plug Power is a good buy? Why has PLUG's stock price moved recently? (Hint: Our stock research tools can help you understand if PLUG is a good stock to buy).
- Make your PLUG buy order: Decide if you will purchase PLUG shares at the current market price or use a limit order to purchase PLUG shares at a specific price.
- Get updates on your PLUG investment: Create a watchlist to monitor your investment in Plug Power shares.
Step 1: Figure out where to buy Plug Power stock
You will need an online brokerage account in order to access the NASDAQ market and buy PLUG shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal information so you can invest in PLUG today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal info to start your new brokerage account.
- Send your data by clicking the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you have finished signing up on the best stock investing app, you can securely and quickly fund your account:
Check out this video walkthrough to see the process of depositing money into your investment account.
Step 4: Research Plug Power stock
After you have chosen the best place to buy Plug Power stock, it's important to evaluate their stock before you buy, so you can wrap your head around the risk as well as the opportunity.
Plug Power shares data
PLUG Due Diligence Checks
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on PLUG's stock page.
Is PLUG stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PLUG's intrinsic value.
Using relative valuations metrics:
- PLUG may be undervalued based on its P/B ratio of 1.46x, relative to Electrical Equipment & Parts industry P/B ratio of 3.03x
You can access more valuation research on PLUG's stock here.
A look at PLUG Cashflows and Balance Sheet
Signs that PLUG is financially healthy:
- Total PLUG debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the PLUG balance sheet.
- There are more short-term assets than short-term liabilities on the PLUG balance sheet.
- PLUG has cash burn of 1454260000. It has sufficient cash and short-term investments to cover this for at least one year.
Signs that PLUG is not financially healthy:
- PLUG profit margin has gone down from -97.3% to -100.4% in the past year.
- PLUG has $2.54B in cash and short term investments. This is not sufficient to cover its annual cash burn of $1.45B.
- PLUG has a relatively high debt to equity ratio of 0.44.
Is PLUG stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 16 Equities analysts who give ratings on PLUG, the consensus analyst rating on PLUG is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent PLUG Analyst Upgrades/Downgrades
Amit Dayal, a top 20% analyst from HC Wainwright & Co. reiterates PLUG with a buy rating and maintains their PLUG price target from $78.00 to $78.00, on May 30, 2023.
Kashy Harrison, a bottom 2% analyst from Piper Sandler maintains PLUG with a hold rating and lowers their PLUG price target from $10.00 to $8.00, on May 22, 2023.
Maintaining his Hold rating, Harrison lowered his price target on Plug Power Inc. by 20% following a post-quarterly-report review of the names in his Renewable and Alternative Energy portfolio.
Q1 was "a rollercoaster" for the names he covers, the analyst said.
Prints delivered widely varying results from "high profile beats, to misses, unexpected capital markets activity, and domestic content guidance,*" Harrison explained.
Broadly speaking, the analyst told his readers that he "views domestic content guidance positively for the industry."
Harrison singled out Plug Power's peer, First Solar, as a major domestic content guidance benefactor, noting, however, that other companies may also benefit from it.
* From here: "The IRS on May 12, 2023, released Notice 2023-38, providing much-awaited guidance on how taxpayers can meet the domestic content requirement and increase their investment or production tax credit amount (ITC or PTC) under sections 45, 45Y, 48, and 48E.
"To this end, the notice also provides a safe harbor regarding the classification of certain components in representative types of qualified facilities, energy projects, or energy storage technologies. The notice provides favorable treatment for projects containing used property.
"Read a May 2023 report prepared by KPMG LLP that discusses the domestic content bonus credit guidance under Notice 2023-38."
Abhishek Sinha, a bottom 15% analyst from Northland Securities maintains PLUG with a hold rating and lowers their PLUG price target from $25.00 to $13.00, on May 11, 2023.
Jordan Levy, a bottom 7% analyst from Truist Securities maintains PLUG with a hold rating and lowers their PLUG price target from $11.00 to $9.00, on May 11, 2023.
Colin Rusch, a top 7% analyst from Oppenheimer maintains PLUG with a buy rating and lowers their PLUG price target from $31.00 to $21.00, on May 10, 2023.
You can dive deeper into what analysts are projecting on the Plug Power stock forecast page.
PLUG Technicals
How are PLUG Revenues/Earnings doing?
Last year, PLUG revenue was $770.92M. During the past 5 year, PLUG's revenue has grown by 46.85% per year. This was faster than the Electrical Equipment & Parts industry average of 13.9%.
Dig into PLUG's earnings and revenue performance here.
Are PLUG executives and large shareholders buying or selling the stock?
Over the last year, insiders at PLUG have sold more shares than they have bought.
Martin Daniel Hull, Corporate Controller and CAO of PLUG, was the latest PLUG insider to sell. They sold $144,948.32 worth of PLUG shares on Apr 6, 2023.
Dig into more about who owns PLUG shares here.
Can I rely on PLUG as an income stream?
No, Plug Power doesn't provide an income stream by paying out dividends.
What others are saying about PLUG
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your PLUG buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, place a limit order.
Hit the Open button and eToro will place your order.
If you need additional assistance buying stocks on eToro, click the how to video below:
Step 6: Get updates on your PLUG investment
Now that you own some PLUG shares, you'll want to keep up with your new shares.
Add PLUG to a watchlist to get the latest updates about your PLUG stock.
PLUG Feed
How to Buy Stock in Plug Power
To reiterate, here are the 6 steps to buy Plug Power stock:
- Figure out where to buy Plug Power stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Research Plug Power stock
- Make your PLUG buy order
- Get updates on your PLUG investment
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Plug Power, hit the button below to create your watchlist.
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