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.
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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.
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You can see all of the due diligence checks on PLUG's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PLUG's intrinsic value.
Using relative valuations metrics:
You can access more valuation research on PLUG's stock here.
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.
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.
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.
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.
No, Plug Power doesn't provide an income stream by paying out dividends.
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