Plug power target price6/30/2023 ![]() Plug Power Inc is a leading hydrogen fuel cell technology provider, which is becoming increasingly popular as a cleaner, more sustainable alternative to traditional fossil fuels. Plug Power Inc reported earnings per share of -$0.23 and sales of $256.1M for the current quarter, with a reporting date of August 10, 2023. The current consensus among 29 polled investment analysts is to buy stock in Plug Power Inc, and this rating has held steady since April. This median estimate represents a +126.27% increase from the last price of $7.96. These analysts offered 12-month price forecasts for PLUG, with a median target of $18.00, a high estimate of $78.00, and a low estimate of $7.50. On May 10, 2023, Plug Power Inc (PLUG) saw a surge in its stock price following optimistic forecasts from 27 analysts. Plug Power Inc Stock Price Surges Following Positive Forecasts from Analysts The company’s corporate headquarters are located in Latham, New York. The company is in the Electronic Technology sector, specifically the Electronic Production Equipment industry. Plug Power’s next reporting date is August 10, 2023, with an EPS forecast of -$0.23 for this quarter. The price/sales ratio is 10.22, and the price/book ratio is 1.35, meaning the company’s stock is trading at a premium compared to its book value. Plug Power’s P/E ratio is unavailable, indicating that the company is not profitable. Revenue growth for the last year was +39.63%, showing a significant increase in sales. The company’s projected earnings growth of +62.00% for the next five years indicates a positive outlook. Plug Power’s market cap was $5.6B, with earnings growth of -51.57% last year, followed by a significant increase of +39.61% this year. The day’s range was between $7.95 and $8.18, with a volume of 396,891 shares. (PLUG) opened at $8.13, up from the previous close of $8.01. (PLUG) Stock Analysis: Market Cap, Earnings Growth, and Future Outlook Despite the rating adjustment, the stock price of Plug Power closed at $8.01. Before this rating, Plug Power had received 20 buy ratings, eight hold ratings, and one sell rating. Thakkar adjusted the price target, lowering it from $10 to $7.5. On May 10, 2023, BMO Capital analyst Ameet Thakkar announced that Plug Power (NASDAQ:PLUG) would be receiving a Market Perform rating. ![]()
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