In the last trading session, 24.26 million shares of the Plug Power Inc (NASDAQ:PLUG) were traded, and its beta was 2.06. Most recently the company’s share price was $1.53, and it changed around $0.03 or 1.95% from the last close, which brings the market valuation of the company to $1.43B. PLUG currently trades at a discount to its 52-week high of $4.90, offering almost -220.26% off that amount. The share price’s 52-week low was $1.45, which indicates that the current value has risen by an impressive 5.23% since then.
Plug Power Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.56. If we narrow it down even further, the data shows that 3 out of 27 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 15 recommended PLUG as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight. Plug Power Inc is expected to report earnings per share of -0.19 for the current quarter.
Plug Power Inc (NASDAQ:PLUG) trade information
Instantly PLUG has showed a green trend with a performance of 1.95% 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 1.7100 on recent trading dayincreased the stock’s daily price by 10.53%. The company’s shares are currently down -28.21% year-to-date, but still down -2.60% over the last five days. On the other hand, Plug Power Inc (NASDAQ:PLUG) is -17.78% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to increase their stock price by 23.5% from its current value. Analyst projections state that PLUG is forecast to be at a low of $1.6 and a high of $2.5.
Plug Power Inc (PLUG) estimates and forecasts
The year-over-year growth rate is expected to be 51.49%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 174.38M in revenue for the current quarter. 14 analysts expect Plug Power Inc to make 191.26M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 120.26M and 143.35M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 45.00%. Forecasts for the next quarter put sales growth at 33.42%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -45.13%. Plug Power Inc earnings are expected to increase by 48.97% in 2025, but the outlook is positive 30.43% per year for the next five years.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
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.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 28.46 shares worth $44.25 million, making up 3.12% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 22.05 shares worth around $34.29 million, which represents about 2.42% of the total shares outstanding.
