Analyst Rating Update on Plug Power (PLUG)

Plug Power (NASDAQ:PLUG) : Zacks Investment Research ranks Plug Power (NASDAQ:PLUG) as 4, which is a Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.8, which indicates as a Buy.

Plug Power (NASDAQ:PLUG) : 5 Wall Street analysts covering Plug Power (NASDAQ:PLUG) believe that the average level the stock could reach for the short term is $2.7. The maximum price target given is $3 and the minimum target for short term is around $2, hence the standard deviation is calculated at $0.45.

For the current week, the company shares have a recommendation consensus of Buy.

Plug Power (NASDAQ:PLUG): stock turned positive on Tuesday. Though the stock opened at $1.69, the bulls momentum made the stock top out at $1.78 level for the day. The stock recorded a low of $1.685 and closed the trading day at $1.76, in the green by 7.32%. The total traded volume for the day was 2,060,372. The stock had closed at $1.64 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Helmer Maureen O, director of Plug Power Inc, had unloaded 30,000 shares at an average price of $1.96 in a transaction dated on March 24, 2016. The total value of the transaction was worth $58,800.

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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