July 22, 2017

Analyst Pulls The Plug On Plug Power Inc (PLUG)

20 May 2017, 12:43 | Austin Hogan

Stock markets can move in a flash, requiring investors to stay on their toes at all times.

Relative strength index (RSI-14) for Plug Power Inc. (PLUG) is at 38.57. Analyst's mean target price for PLUG is $3.00 while analysts mean recommendation is 2.20. This year-to-date, the company's shares have increased $0.84, or +70.00%. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target.

Plug Power has an analyst consensus of Moderate Buy, with a price target consensus of $3.33. Annual EPS Growth of past 5 years is 26.30%. EPS breaks down the profitability of the company on a single share basis. They now have a Dollars 6 price target on the stock.

Investors in Plug Power initially applauded Plug Power's deal with Amazon, bidding Plug Power stock up 73% on the day it was announced. Zooming in closer, company stock has been 10.67% for the quarter, 5.76% over the past month, and -0.32% over the past week.

The company has mean EPS estimate of -0.04 reported by 6 number of analyst for the quarter ending Aug 2, 2017- Aug 7, 2017.

Its last 5-Year EPS growth stands at 12.60%; with earnings growth of -24.50% yoy. On average, equities research analysts forecast that Plug Power will post ($0.27) earnings per share for the current year. Revenue during the period amounted to $32.58M, while analysts were anticipating $34.43M. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. State Street Corp boosted its stake in Plug Power by 7.2% in the fourth quarter. Remove that revenue from the equation, and next year it's conceivable that Plug Power's revenue could look like this: $140 million from Amazon, $31 million from everyone else - and presto change-o, suddenly, accounts for 82% of Plug Power's business.

USTR Moves Forward with NAFTA Renegotiation
Tariff-free access to Canada and Mexico past year were worth $799 million and $1.4 billion respectively. Secretary of State Rex Tillerson in Washington . "That being said, the Teamsters are optimistic new U.S.

NC congressman: 'No evidence of any collusion' between Trump and Russian Federation
Mueller will have almost unfettered access to witnesses and information, and the ability to bring criminal charges. The Justice Department on Wednesday appointed former FBI Director Robert Mueller to lead the investigation.

Roger Ailes, former Fox News chief, dead at 77
Before founding Fox, Ailes advised Republican presidents from Richard Nixon to Ronald Reagan and George H.W. But there is no denying Ailes impact on the modern American television industry.

The company reported an impressive total revenue of 85.93 Million in the last fiscal year. Simple moving average analysis helps investors to quickly identify if a security is in an uptrend or downtrend. The stock stands 0.76% above the average-price of 50 days and 0.24% compared with the SMA 20.

A 52-week high/low is the highest and lowest price that a stock has traded at during the previous year.

Plug Power Inc. (PLUG) has a 52-week high of $2.70 and a 52-week low of $0.83. "Material points in the 10-Q, shareholder letter, and company call are that anchor customer Wal-Mart (WMT) will dramatically reduce purchases in 2017, and the $70m Amazon (AMZN) revenue expected in 2017 is not additive to guidance", the report concluded. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

Roth Capital has lowered the rating for shares of Plug Power (NASDAQ:PLUG) to a solid Sell in a note sent to clients and investors on Wednesday morning. (PLUG) has an Average Brokerage Recommendation (ABR) of 1.67, according to data compiled by Zacks Investment Research.

Some buy side analysts are also providing their Analysis on Plug Power Inc., where 1 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 2 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell.

A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future.

Other News

Trending Now

McCain: Turkish ambassador should get 'the hell out' after brawl
What happened next has been described by the DC Police Department's Chief as a "brutal attack" on peaceful protestors. The fracas erupted as Erdogan arrived at the ambassador's residence following a meeting with President Donald Trump.

Saudi to sign trade, political deals with US
That will create a quandary and some friction for Trump as he attempts to bring Arabs into a regional approach to Palestine. He's often surrounded by long-time friends and acquaintances who have memberships to the commander in chief-owned retreats.

Applied Optoelectronics Inc (AAOI) Stock Rating Upgraded by Vetr Inc
Year to date is -25.45%, -22.64% over the last quarter, -12.30% for the past six months and 5.60% over the last 12 months. The business had revenue of $96.20 million for the quarter, compared to analysts' expectations of $96.20 million.

To Backup Car for All-Star Race
Earnhardt has only won the All-Star Race once, and that was 17 years ago, and he's never won a points race in Charlotte. Pick one and unequivocally NASCAR's big night is transformed into a "can't-miss" happening worthy of your attention.

Analysts Expect Atlas Air Worldwide Holdings, Inc
Finally, Alliancebernstein L.P. raised its position in shares of Atlas Air Worldwide Holdings by 33.2% in the first quarter. TheStreet raised Atlas Air Worldwide Holdings from a "c" rating to a "b" rating in a report on Thursday, February 23rd.

Reporter: I Approached FCC Official, Was Pinned to Wall
The incident comes at a time of growing and undisguised hostility toward the press in the upper ranks of government. The reporter in question was John Donnelly, who happens to be chairman of the Press Club's Press Freedom Team.

GE Appliances to get Google voice control option
Instant apps works on any Android device that runs Android version 6.0 (Marshmallow) or higher, and is available in 40 countries. At this stage the app only operates in English, however, Google has announced that new languages will be available soon.

Who could be at risk for higher premiums under GOP?
It would depend on how many states opt to waive the provision and how many consumers let their coverage lapse. Republicans have come under fire for the bill's rollback of the ACA's protections for pre-existing conditions.

F1 round-up: Hamilton beats Vettel in thrilling duel in Spain
Hamilton got passed on the straight and then Vettel, to maintain his lead, pushed hard, really hard in the two following corners. Kimi's early retirement also invoked tears in the pits from his young fan, another highlight of the spectacular race.

Trump says he's 'very close' to naming a new Federal Bureau of Investigation director
He has no federal law enforcement experience and, while now at a high-profile law firm, is most associated as a centrist Democrat. After all, what kind of Democrat could support both entitlement reform and tougher sanctions on Iran?