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 $2.41, down 6.95% from the previous day, and has decreased 74% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 1.08 percentage points. Plug Power stock is currently +6.5% from its 52-week low of $2.26, and -82.07% from its 52-week high of $13.44.
As of Apr 24, 2024, there are 684.26M PLUG shares outstanding. The market capitalization of PLUG is $1.65B. In the last 24 hours, 37.67M 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start your new brokerage account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
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 0.57x, relative to Electrical Equipment & Parts industry P/B ratio of 4.05x
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:
- 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.
- Total PLUG debt is lower than 5 years ago, relative to shareholder equity.
Signs that PLUG is not financially healthy:
- PLUG profit margin has gone down from -103.2% to -153.6% in the past year.
- PLUG has a relatively high debt to equity ratio of 0.69.
- PLUG has $1.17B in cash and short term investments. This is not sufficient to cover its annual cash burn of $1.80B.
- PLUG has cash burn of 1801592000. It does not have sufficient cash and short-term investments to cover this.
Is PLUG stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 20 Equities analysts who give ratings on PLUG, the consensus analyst rating on PLUG is a Hold
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent PLUG Analyst Upgrades/Downgrades
George Gianarikas, a bottom 4% analyst from Canaccord Genuity maintains PLUG with a hold rating and lowers their PLUG price target from $5.00 to $4.00, on Mar 4, 2024.
Canaccord Genuity's George Gianarikas lowered their price target on Plug Power (NASDAQ: PLUG) by 20% from $5 to $4 on 2024/03/04. The analyst maintained their Hold rating on the stock.
Cutting their price target after seeing Plug Power's Q4 and FY 2023 earnings report, Gianarikas summed up by saying that "the results that missed consensus revenue and profitability expectations as operations continued to be impacted by a significant number of facility shutdowns across the hydrogen fueling ecosystem."
Jordan Levy, a bottom 3% analyst from Truist Securities maintains PLUG with a hold rating and raises their PLUG price target from $3.00 to $4.00, on Feb 28, 2024.
Manav Gupta, a bottom 7% analyst from UBS downgrades PLUG to a hold rating and announces their PLUG price target of $4.75, on Feb 6, 2024.
Skye Landon, an analyst from Redburn Atlantic initiates coverage on PLUG with a hold rating and announces their PLUG price target of $4.50, on Feb 6, 2024.
Craig Irwin, a bottom 4% analyst from Roth MKM upgrades PLUG to a strong buy rating and raises their PLUG price target from $4.50 to $9.00, on Jan 31, 2024.
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 $891.34M. During the past 5 year, PLUG's revenue has grown by 38.61% per year. This was faster than the Electrical Equipment & Parts industry average of 10.01%.
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 bought more shares than they have sold.
Mark J. Bonney, Director of PLUG, was the latest PLUG insider to buy. They bought $23,749.76 worth of PLUG shares on Apr 1, 2024.
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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