Plug Power Inc (NASDAQ:PLUG)’s traded shares stood at 118.51 million during the last session, with the company’s beta value hitting 2.19. At the close of trading, the stock’s price was $0.85, to imply a decrease of -2.40% or -$0.02 in intraday trading. The PLUG share’s 52-week high remains $4.90, putting it -476.47% down since that peak but still an impressive 10.59% since price per share fell to its 52-week low of $0.76. The company has a valuation of $832.41M, with an average of 127.81 million shares in intraday trading volume over the past 10 days and average of 69.42 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Plug Power Inc (PLUG), translating to a mean rating of 2.86. Of 16 analyst(s) looking at the stock, 3 analyst(s) give PLUG a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.2.
Plug Power Inc (NASDAQ:PLUG) trade information
After registering a -2.40% downside in the last session, Plug Power Inc (PLUG) has traded red over the past five days. The 5-day price performance for the stock is 0.37%, and -34.98% over 30 days. With these gigs, the year-to-date price performance is -60.01%. Short interest in Plug Power Inc (NASDAQ:PLUG) saw shorts transact 263.64 million shares and set a 4.86 days time to cover.
The extremes give us $1.1 and $2.5 for target low and target high price respectively. As such, PLUG has been trading -194.12% off suggested target high and -29.41% from its likely low.
Plug Power Inc (PLUG) estimates and forecasts
The rating firms project that company’s revenue will grow 17.37% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 131.79M. Meanwhile, for the current quarter, a total of 19 analyst(s) estimate revenue growth to 156.72M.Earnings reports from the last fiscal year show that sales brought in 120.26M and 143.35M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.59% before jumping 9.32% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -49.35% for the past 5-year period. While 2025 is set for a 76.48% return in earnings, projections for the next 5 years are at 50.79% annually.
PLUG Dividends
Plug Power Inc has its next earnings report out on 2025-Mar-02. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
Plug Power Inc insiders hold 6.31% of total outstanding shares, with institutional holders owning 49.05% of the shares at 52.36% float percentage. In total, 49.05% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 69.97 million shares (or 9.4953% of shares), all amounting to roughly $163.02 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 62.35 million shares, or about 8.4622% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $145.28 million.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Plug Power Inc (PLUG) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 29.54 shares. This is just over 3.19% of the total shares, with a market valuation of $25.16 million. Data from the same date shows that the other fund manager holds a little less at 23.21, or 2.51% of the shares, all valued at about 19.77 million.
