Plug Power (PLUG) : Analyst Rating Update

Plug Power (PLUG) has an average broker rating of 1.8, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Plug Power (PLUG) : Currently there are 5 street experts covering Plug Power (PLUG) stock. The most bullish and bearish price target for the stock is $3 and $2 respectively for the short term. The average price target of all the analysts comes to $2.7. The estimated standard deviation from the target is $0.45.

Plug Power (NASDAQ:PLUG): The stock opened at $1.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $1.75 for the day. The stock traded down to $1.70 during the day, due to lack of any buying support eventually closed down at $1.70 with a loss of -3.41% for the day. The stock had closed at $1.76 on the previous day. The total traded volume was 2,233,698 shares.

The company shares have dropped -24.79% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $2.98 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $1.80 and the 200 Day Moving Average price is recorded at $1.91.

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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