In last trading session, Plug Power Inc (NASDAQ:PLUG) saw 38.96 million shares changing hands with its beta currently measuring 1.81. Company’s recent per share price level of $2.43 trading at -$0.06 or -2.41% at ring of the bell on the day assigns it a market valuation of $2.00B. That closing price of PLUG’s stock is at a discount of -441.98% from its 52-week high price of $13.17 and is indicating a premium of 9.05% from its 52-week low price of $2.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 47.64 million shares which gives us an average trading volume of 38.89 million if we extend that period to 3-months.

For Plug Power Inc (PLUG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.62. Splitting up the data highlights that, out of 16 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

Plug Power Inc (NASDAQ:PLUG) trade information

Upright in the red during last session for losing -2.41%, in the last five days PLUG remained trading in the red while hitting it’s week-highest on Thursday, 07/18/24 when the stock touched $2.43 price level, adding 24.53% to its value on the day. Plug Power Inc’s shares saw a change of -46.00% in year-to-date performance and have moved -20.46% in past 5-day. Plug Power Inc (NASDAQ:PLUG) showed a performance of -0.82% in past 30-days. Number of shares sold short was 205.18 million shares which calculate 6.22 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 29 to the stock, which implies a rise of 91.62% to its current value. Analysts have been projecting 2.25 as a low price target for the stock while placing it at a high target of 46. It follows that stock’s current price would jump 7.41% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.41% for stock’s current value.

Plug Power Inc (PLUG) estimates and forecasts

Statistics highlight that Plug Power Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -34.68% of value to its shares in past 6 months, showing an annual growth rate of 51.30% while that of industry is 18.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -45.13% during past 5 years.

PLUG Dividends

Plug Power Inc is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Plug Power Inc (NASDAQ:PLUG)’s Major holders

Insiders are in possession of 7.89% of company’s total shares while institution are holding 40.46 percent of that, with stock having share float percentage of 43.92%. Investors also watch the number of corporate investors in a company very closely, which is 40.46% institutions for Plug Power Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PLUG for having 54.99 million shares of worth $189.15 million. And as of 2024-03-31, it was holding 9.2342 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 48.2 million shares on 2024-03-31. The number of shares represents firm’s hold over 8.0952 of outstanding shares, having a total worth of $165.82 million.