Plug Power Inc. (NASDAQ:PLUG)’s traded shares stood at 17.17 million during the last session, with the company’s beta value hitting 1.83. At the close of trading, the stock’s price was $11.80. The PLUG share’s 52-week high remains $32.05, putting it -171.61% down since that peak but still an impressive 3.31% since price per share fell to its 52-week low of $11.41. The company has a valuation of $7.38B, with an average of 19.74 million shares in intraday trading volume over the past 10 days and average of 17.11 million shares over the past 3 months.
Plug Power Inc. (NASDAQ:PLUG) trade information
Plug Power Inc. (PLUG) has traded red over the past five days. The stock hit a weekly high of 13.01 this Thursday, 03/16/23. The 5-day price performance for the stock is -9.37%, and -25.36% over 30 days. With these gigs, the year-to-date price performance is -4.61%. Short interest in Plug Power Inc. (NASDAQ:PLUG) saw shorts transact 76.24 million shares and set a 4.45 days time to cover.
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Plug Power Inc. (PLUG) estimates and forecasts
Looking at statistics comparing Plug Power Inc. share performance against respective industry, we note that the company has outperformed competitors. Plug Power Inc. (PLUG) shares are -60.12% down over the last 6 months, with its year-to-date growth rate higher than industry average at 41.60% against 11.30%. Revenue is forecast to grow 24.20% this quarter before jumping 22.20% for the next one. The rating firms project that company’s revenue will grow 52.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is $282.85 million. Meanwhile, for the quarter ending Mar 2023, a total of 15 analyst(s) estimate revenue growth to $238.44 million.Earnings reports from the last fiscal year show that sales brought in $161.91 million and $140.8 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 74.70% before jumping 69.30% in the following quarter.
Plug Power Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Plug Power Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Plug Power Inc. (NASDAQ:PLUG)’s Major holders
Plug Power Inc. insiders hold 10.18% of total outstanding shares, with institutional holders owning 60.45% of the shares at 67.30% float percentage. In total, 60.45% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 55.58 million shares (or 9.54% of shares), all amounting to roughly $1.17 billion.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 51.0 million shares, or about 8.75% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $1.07 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Plug Power Inc. (PLUG) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 17.29 million shares. This is just over 2.97% of the total shares, with a market valuation of $363.17 million. Data from the same date shows that the other fund manager holds a little less at 13.33 million, or 2.29% of the shares, all valued at about 280.14 million.