In the last trading session, 40.74 million shares of the Plug Power Inc (NASDAQ:PLUG) were traded, and its beta was 1.79. Most recently the company’s share price was $2.13, and it changed around -$0.11 or -4.91% from the last close, which brings the market valuation of the company to $1.87B. PLUG currently trades at a discount to its 52-week high of $6.95, offering almost -226.29% off that amount. The share price’s 52-week low was $1.60, which indicates that the current value has risen by an impressive 24.88% since then. We note from Plug Power Inc’s average daily trading volume that its 10-day average is 41.66 million shares, with the 3-month average coming to 37.95 million.

Plug Power Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.63. If we narrow it down even further, the data shows that 1 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended PLUG as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Plug Power Inc is expected to report earnings per share of -0.24 for the current quarter.

Plug Power Inc (NASDAQ:PLUG) trade information

Instantly PLUG has showed a red trend with a performance of -4.91% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.27 on recent trading dayincreased the stock’s daily price by 6.17%. The company’s shares are currently down -52.67% year-to-date, but still down -4.05% over the last five days. On the other hand, Plug Power Inc (NASDAQ:PLUG) is -5.75% down in the 30-day period. We can see from the shorts that 243.82 million shares have been sold at a short interest cover period of 5.97 day(s).

The consensus price target as assigned by Wall Street analysts is $29, which translates to bulls needing to increase their stock price by 92.66% from its current value. Analyst projections state that PLUG is forecast to be at a low of $1.8 and a high of $46.

Plug Power Inc (PLUG) estimates and forecasts

Plug Power Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -7.79 percent over the past six months and at a 50.00% annual growth rate that is well above the industry average of 19.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 48.90% in revenue this quarter, and will report an increase of 81.50% in the next quarter. The year-over-year growth rate is expected to be -7.30%, down from the previous year.

Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 212.13M in revenue for the current quarter. 19 analysts expect Plug Power Inc to make 334.06M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 50.40%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -45.13%.

PLUG Dividends

Plug Power Inc’s next quarterly earnings report is expected to be released in November.

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

Upon looking at major shareholders, it appears that insiders hold 6.86% of Plug Power Inc shares, and 46.34% of them are in the hands of institutional investors. The stock currently has a share float of 49.75%. Plug Power Inc stock is held by 614.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.9108% of the shares, which is about 69.97 million shares worth $163.02 million.

BLACKROCK INC., with 9.7236% or 62.35 million shares worth $145.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.