During the recent session, Plug Power Inc (NASDAQ:PLUG)’s traded shares were 14.36 million, with the beta value of the company hitting 1.56. At the last check today, the stock’s price was $3.14, reflecting an intraday loss of -0.32% or -$0.01. The 52-week high for the PLUG share is $13.44, that puts it down -328.03 from that peak though still a striking 28.03% gain since the share price plummeted to a 52-week low of $2.26. The company’s market capitalization is $2.15B, and the average intraday trading volume over the past 10 days was 24.69 million shares, and the average trade volume was 44.20 million shares over the past three months.
Plug Power Inc (NASDAQ:PLUG) trade information
Plug Power Inc (PLUG) registered a -0.32% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.32% in intraday trading to $3.14, hitting a weekly high. The stock’s 5-day price performance is -8.72%, and it has moved by -21.89% in 30 days. Based on these gigs, the overall price performance for the year is -70.32%. The short interest in Plug Power Inc (NASDAQ:PLUG) is 172.19 million shares and it means that shorts have 4.28 day(s) to cover.
Plug Power Inc (PLUG) estimates and forecasts
Statistics show that Plug Power Inc has outperformed its competitors in share price, compared to the industry in which it operates. Plug Power Inc (PLUG) shares have gone down -51.91% during the last six months, with a year-to-date growth rate more than the industry average at 59.13% against 19.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 5.70% this quarter and then jump 32.50% in the quarter after that. In the rating firms’ projections, revenue will increase 13.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $179.2 million as predicted by 20 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to $207.49 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $210.29 million and $242.24 million respectively. In this case, analysts expect current quarter sales to shrink by -14.80% and then drop by -14.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -45.13%. While earnings are projected to return 55.50% in 2024.
PLUG Dividends
Plug Power Inc is due to release its next quarterly earnings between May 07 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
Plug Power Inc insiders own 8.79% of total outstanding shares while institutional holders control 46.51%, with the float percentage being 51.00%. Vanguard Group Inc is the largest shareholder of the company, while 676 institutions own stock in it. As of Jun 29, 2023, the company held over 54.36 million shares (or 9.03% of all shares), a total value of $564.83 million in shares.
The next largest institutional holding, with 48.88 million shares, is of Blackrock Inc.’s that is approximately 8.12% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $507.86 million.
Also, the Mutual Funds coming in first place with the largest holdings of Plug Power Inc (PLUG) shares are Vanguard Total Stock Market Index Fund and iShares Global Clean Energy ETF. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 18.91 million shares. This amounts to just over 3.14 percent of the company’s overall shares, with a $196.46 million market value. The same data shows that the other fund manager holds slightly less at 10.2 million, or about 1.69% of the stock, which is worth about $86.28 million.
