Analyst Price Target Update on Plug Power (NASDAQ:PLUG)

Plug Power (NASDAQ:PLUG): The mean short term price target for Plug Power (NASDAQ:PLUG) has been established at $2.7 per share. The higher price target estimate is at $3 and the lower price target estimate is expected at $2 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $0.45

Many analysts have stated their opinion on the company shares. Roth Capital maintains its rating on Plug Power (NASDAQ:PLUG). The global brokerage major raises the current price target from $1.8 per share to $2 per share. Analysts at the Roth Capital have a current rating of Neutral on the shares. The rating by the firm was issued on March 14, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The director, of Plug Power Inc, Helmer Maureen O had unloaded 30,000 shares at $1.96 per share in a transaction on March 24, 2016. The total value of transaction was $58,800. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Plug Power (NASDAQ:PLUG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.04 points or 2.22% at $1.76 with 1,068,046 shares getting traded. Post opening the session at $1.8, the shares hit an intraday low of $1.75 and an intraday high of $1.82 and the price was in this range throughout the day. The company has a market cap of $317 million and the number of outstanding shares have been calculated to be 180,265,760 shares. The 52-week high of Plug Power (NASDAQ:PLUG) is $2.98 and the 52-week low is $1.3.

Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Companys product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled PEM fuel cell system. It provides power to material handling vehicles. GenFuel is the hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for maximum productivity. GenCare is the ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is the stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors.

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