Plug Power Inc. (PLUG) shows weekly volitility of 7.14%
Apr 06 2017
Morgan Stanley lowered their target price on Plug Power from $3.00 to $1.50 and set an "equal weight" rating for the company in a research report on Tuesday, February 28th.
The company is expected to report earnings of $-0.07 a share for the next quarter.
WARNING: "Plug Power Inc (PLUG) Receives Consensus Rating of "Buy" from Analysts" was first published by The Cerbat Gem and is the property of of The Cerbat Gem.
Taking a closer look into the volatility on shares of Plug Power Inc.
Shares of Plug Power (PLUG) are seeing significant strength in afternoon trading on Wednesday, with the provider of hydrogen and fuel cell power solutions jumping by 63.5 percent. The stock's market capitalization is 263.84M, it has a 52-week low of 0.83 and a 52-week high of 2.28. Investors measure stock performance on the basis of a company's earnings power. (NASDAQ:PLUG), a leader in providing energy solutions that change the way the world moves, will host a business update conference call today, April 5, 2017.
The stock rights involved mean Amazon could become Plug Power's biggest shareholder sometime this year, according to the Times Union. Mr. Schneider has deep C-level experience in the automotive marketplace and will be a critical resource in driving the next phase of Plug Power's growth. That compares with 2016 revenue of $85.9 million. Plug Power earned a news impact score of 0.01 on Alpha One's scale.
The company's stock now has 251.99 Million in market capitalization.
"This agreement is a tremendous opportunity for Plug Power to further innovate and grow while helping to support the work Amazon does to pick, pack and ship customer orders", Plug Power CEO Andy Marsh said in a news release. The latest exchange of 2.36 Million shares is below its average trading activity of 4.14 Million shares.
Cowen reiterated an Outperform rating with a $1.75 price target on March 13. KBC Group NV boosted its position in Plug Power by 11.2% in the third quarter. As part of the agreement, Amazon will use Plug Power fuel cells and hydrogen technology in its fulfillment network, including using the GenKey technology to power industrial equipment such as forklifts. The Company's product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.