In the latest trading session, 13.64 million Plug Power Inc (NASDAQ:PLUG) shares changed hands as the company’s beta touched 1.98. With the company’s most recent per share price at $1.55 changed hands at -$0.04 or -2.53% at last look, the market valuation stands at $1.45B. PLUG’s current price is a discount, trading about -216.13% off its 52-week high of $4.90. The share price had its 52-week low at $1.53, which suggests the last value was 1.29% up since then.
Analysts gave the Plug Power Inc (PLUG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.82. If we narrow down to specifics, the data shows that 3 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended PLUG as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Plug Power Inc’s EPS for the current quarter is expected to be -0.23.
Plug Power Inc (NASDAQ:PLUG) trade information
Instantly PLUG was in red as seen in intraday trades today. With action -14.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -27.24%, with the 5-day performance at -14.38% in the red. However, in the 30-day time frame, Plug Power Inc (NASDAQ:PLUG) is -25.49% down.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need an upside of 22.5% from its recent market value. According to analyst projections, PLUG’s forecast low is 1.6 with 2.5 as the target high. To hit the forecast high, the stock’s price needs a -61.29% plunge from its current level, while the stock would need to soar -3.23% for it to hit the projected low.
Plug Power Inc (PLUG) estimates and forecasts
Year-over-year growth is forecast to reach -20.97% down from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 264.12M. 14 analysts are of the opinion that Plug Power Inc’s revenue for the current quarter will be 174.38M. The company’s revenue for the corresponding quarters a year ago was 222.16M and 120.26M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.89%. The estimates for the next quarter sales put growth at 45.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -45.13%. The 2025 estimates are for Plug Power Inc earnings to increase by 46.03%, but the outlook for the next 5-year period is at 43.03% per year.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.7236% or 62.35 million shares worth $145.28 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 28.46 shares estimated at $44.39 million under it, the former controlled 3.12% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.42% of the shares, roughly 22.05 shares worth around $34.4 million.
