Technology

Plug Power Inc (NASDAQ:PLUG) Has a 79 Percent Upside Potential

Plug Power Inc (NASDAQ:PLUG) shares traded -3.86% during the most recent session the stock exchanged hands 11.33M shares versus average trading capacity of 16.45M shares, yielding a market cap of $528.66M. Wall Street analysts covering the stock are projecting that the stock will reach $3.00 within the next 52-weeks. The mean target projections are based on 6 opinions, the mean target was last revised on 04/24/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Plug Power Inc (NASDAQ:PLUG) high price target of $4.00 and with a conservative view have low price target of $2.25 with a standard deviation of $0.57. If seeing target price from optimistic overview then it has a 79 percent upside potential from the latest closing price of $2.24.

Plug Power Inc (NASDAQ:PLUG) received “Reiterated” rating by Rodman & Renshaw in a research note issued to investors on Apr-06-17 as Buy from $3 to $4.

Additionally on Apr-06-17 Plug Power Inc (NASDAQ:PLUG) was “Reiterated” by FBR & Co. as Outperform from $2.50 to $3 and on Dec-06-16 the stock was “Initiated” by Rodman & Renshaw as Buy at $3. Furthermore on Aug-15-16 the stock was “Reiterated” by ROTH Capital as Neutral from $1.75 to $2.

On the other hand the company has Relative Strength Index (RSI 14) of 60.54 along with Average True Range (ATR 14) of 0.19, Consequently Plug Power Inc (NASDAQ:PLUG) weekly and monthly volatility is 6.93%, 9.76% respectively. The company’s beta value is at 1.76.

In terms of Buy, Sell or Hold recommendations, Plug Power Inc (NASDAQ:PLUG) has an analysts’ mean recommendation of 2.20. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Plug Power Inc (NASDAQ:PLUG) will report earnings of -$0.07 for the current quarter on or around 5/9/2017, however the company’s high EPS estimates are -$0.03 and low estimates are -$0.09. However the company reported -$0.07 earnings per share for the same quarter during last year.

Previously Plug Power Inc (NASDAQ:PLUG) reported -$0.08 earnings per share (EPS) for the quarter on 3/9/2017 Before Market Open, missing the consensus estimate of -$0.06 by -$0.02. The company posted an earnings surprise of -33.33%.

While considering growth estimates of the company, it has next quarter growth estimates of 28.60%, comparing to the estimations of 34.50% during current year and 52.60% for next year. Next 5 years growth of Plug Power Inc (NASDAQ:PLUG) observed at 25.00%.

Plug Power Inc (NASDAQ:PLUG) revenue estimates for the current quarter are $24.9M according to 5 number of analysts, for the current quarter the company has high revenue estimates of $33.12M in contradiction of low revenue estimates of $17.6M. For the current year the company’s revenue estimates are $158.12M compared to low analyst estimates of $135.9M and high estimates of $205M according 6 number of analysts.

Currently Plug Power Inc (NASDAQ:PLUG) shares owned by insiders are 0.50%, whereas shares owned by institutional owners are 19.90%. However the six-month change in the insider ownership was recorded -1.47%, as well as three-month change in the institutional ownership was recorded 0.52%.

Plug Power Inc (NASDAQ:PLUG) trading -17.04% away from its 52 week high of $2.70 and +169.88% far from the stock’s low point over the past 52 weeks, which was $0.83. The stock hit its 52-week high on 04/11/17, and 52-week low on 02/09/17. The company’s trailing twelve month income is -57.60M dollars.

Plug Power Inc (NASDAQ:PLUG) trailing twelve month revenues are $85.90M, whereas its price to sales ratio for the same period is 6.66. Its book value per share for the most recent quarter is $0.47 while its price to book ratio for the same period is 4.77, as for as the company’s cash per share for the most recent quarter is $0.18, however its price to cash per share ratio for the same period is 12.43. The stock has a current PEG ratio of -0.49 where as its trailing twelve month P/E ratio is -7.02.

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