Analysts at B.Riley FBR Maintained their Past ‘”Buy”’ rating on Shares Plug Power (NASDAQ:PLUG), Set a $3.5 Price Target

February 15, 2018 - By reb123z

 Analysts at B.Riley FBR Maintained their Past ‘

Investors sentiment decreased to 1.72 in 2017 Q3. Its down 1.90, from 3.62 in 2017Q2. It turned negative, as 10 investors sold Plug Power Inc. shares while 26 reduced holdings. 24 funds opened positions while 38 raised stakes. 54.72 million shares or 48.18% less from 105.60 million shares in 2017Q2 were reported.

Retail Bank Of America Corporation De invested in 59,375 shares. Plancorp Ltd Com, a Missouri-based fund reported 15,000 shares. Oakworth holds 0% or 1,000 shares. Symmetry Peak Ltd Liability Corporation reported 205,000 shares or 0.06% of all its holdings. Geode Capital Ltd Limited Liability Company reported 0% stake. Mark Sheptoff Planning Lc holds 0% or 30 shares in its portfolio. Northern holds 2.65M shares. One Trading L P reported 0% stake. Manufacturers Life Insurance The owns 173,786 shares or 0% of their US portfolio. Cetera Advsr Llc reported 0% stake. Balyasny Asset Mngmt Ltd Company invested in 0% or 10,700 shares. 198,945 are held by Millennium Management Limited Liability Corporation. Glenmede Tru Na has 0% invested in Plug Power Inc. (NASDAQ:PLUG). Stratos Wealth Prtn Limited reported 0% stake. New Jersey Better Educational Savings Tru holds 170,000 shares.

Since September 15, 2017, it had 0 buys, and 1 sale for $11,662 activity.

Plug Power (NASDAQ:PLUG) Rating Reaffirmed

B.Riley FBR now has a $3.5 PT on the $415.82 million market cap company or 92.31 % upside potential. In analysts note sent to investors and clients on 9 November, Plug Power (NASDAQ:PLUG) shares have had their “Buy” Rating reconfirmed by expert analysts at B.Riley FBR.

Investors sentiment decreased to 1.72 in 2017 Q3. Its down 1.90, from 3.62 in 2017Q2. It turned negative, as 10 investors sold Plug Power Inc. shares while 26 reduced holdings. 24 funds opened positions while 38 raised stakes. 54.72 million shares or 48.18% less from 105.60 million shares in 2017Q2 were reported.

Retail Bank Of America Corporation De invested in 59,375 shares. Plancorp Ltd Com, a Missouri-based fund reported 15,000 shares. Oakworth holds 0% or 1,000 shares. Symmetry Peak Ltd Liability Corporation reported 205,000 shares or 0.06% of all its holdings. Geode Capital Ltd Limited Liability Company reported 0% stake. Mark Sheptoff Planning Lc holds 0% or 30 shares in its portfolio. Northern holds 2.65M shares. One Trading L P reported 0% stake. Manufacturers Life Insurance The owns 173,786 shares or 0% of their US portfolio. Cetera Advsr Llc reported 0% stake. Balyasny Asset Mngmt Ltd Company invested in 0% or 10,700 shares. 198,945 are held by Millennium Management Limited Liability Corporation. Glenmede Tru Na has 0% invested in Plug Power Inc. (NASDAQ:PLUG). Stratos Wealth Prtn Limited reported 0% stake. New Jersey Better Educational Savings Tru holds 170,000 shares.

Since September 15, 2017, it had 0 buys, and 1 sale for $11,662 activity.

Plug Power Inc. (NASDAQ:PLUG) Ratings Coverage

Among 7 analysts covering Plug Power (NASDAQ:PLUG), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Plug Power has $5 highest and $1.3000 lowest target. $3.16’s average target is 73.63% above currents $1.82 stock price. Plug Power had 22 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Friday, August 11 with “Buy”. The stock has “Buy” rating by FBR Capital on Thursday, November 9. The firm earned “Outperform” rating on Friday, December 18 by FBR Capital. The stock of Plug Power Inc. (NASDAQ:PLUG) earned “Buy” rating by Craig Hallum on Tuesday, July 28. FBR Capital maintained the shares of PLUG in report on Thursday, December 7 with “Buy” rating. Cowen & Co maintained the shares of PLUG in report on Thursday, September 14 with “Buy” rating. Canaccord Genuity maintained Plug Power Inc. (NASDAQ:PLUG) on Friday, February 2 with “Buy” rating. The stock of Plug Power Inc. (NASDAQ:PLUG) has “Hold” rating given on Wednesday, August 12 by Zacks. Craig Hallum maintained it with “Buy” rating and $300 target in Monday, July 24 report. The stock has “Buy” rating by Cowen & Co on Monday, October 16.

The stock increased 2.25% or $0.04 during the last trading session, reaching $1.82. About 1.97 million shares traded. Plug Power Inc. (NASDAQ:PLUG) has risen 11.11% since February 15, 2017 and is uptrending. It has underperformed by 5.59% the S&P500.

Analysts await Plug Power Inc. (NASDAQ:PLUG) to report earnings on March, 8. They expect $-0.06 earnings per share, up 25.00 % or $0.02 from last year’s $-0.08 per share. After $-0.04 actual earnings per share reported by Plug Power Inc. for the previous quarter, Wall Street now forecasts 50.00 % negative EPS growth.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen fuel cell systems primarily for the material handling and stationary power markets in the United States. The company has market cap of $415.82 million. It focuses on proton exchange membrane fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. It currently has negative earnings. The firm offers GenDrive, hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells, GenSure products, and GenFuel products; and GenSure, a stationary fuel cell solution that provides scalable modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors.

More recent Plug Power Inc. (NASDAQ:PLUG) news were published by: Globenewswire.com which released: “Plug Power to Host Conference Call Today, February 8, 2018, to Discuss …” on January 30, 2018. Also Globenewswire.com published the news titled: “Plug Power Joins Fuel Cell Industry in Celebrating Reinstated Fuel Cell Tax Credit” on February 09, 2018. Globenewswire.com‘s news article titled: “Plug Power to Host Conference Call on February 8, 2018 to Discuss Preliminary …” with publication date: January 30, 2018 was also an interesting one.

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