Does Plug Power Inc (PLUG) Have Any Gas After Today’s Huge Increase?

September 13, 2017 - By reb123z

Investors sentiment decreased to 1.42 in 2016 Q4. Its down 0.10, from 1.52 in 2016Q3. It fall, as 4 investors sold Plug Power Inc shares while 27 reduced holdings. 16 funds opened positions while 28 raised stakes. 47.74 million shares or 42.51% more from 33.50 million shares in 2016Q3 were reported.
Manufacturers Life Ins The holds 129,414 shares. Amalgamated Natl Bank reported 22,342 shares stake. Creative Planning owns 28,550 shares. 10,948 are owned by Profund Advisors Lc. Metropolitan Life Insurance Ny holds 0% of its portfolio in Plug Power Inc (NASDAQ:PLUG) for 106,687 shares. Oakworth Inc accumulated 1,000 shares. Credit Suisse Ag reported 0% in Plug Power Inc (NASDAQ:PLUG). Kcg Hldgs invested 0% of its portfolio in Plug Power Inc (NASDAQ:PLUG). Moreover, Riggs Asset Managment Co has 0% invested in Plug Power Inc (NASDAQ:PLUG). Deutsche Financial Bank Ag accumulated 0% or 108,373 shares. 126,779 are owned by Wells Fargo Com Mn. Vanguard Grp Inc reported 7.25M shares. Two Sigma Limited Liability Company reported 36,324 shares stake. 2,850 are held by Tower Capital Limited Company (Trc). Financial Architects invested in 2,010 shares.

The stock of Plug Power Inc (NASDAQ:PLUG) is a huge mover today! The stock increased 8.29% or $0.18 during the last trading session, reaching $2.35. About 11.53M shares traded or 288.22% up from the average. Plug Power Inc (NASDAQ:PLUG) has risen 11.11% since September 13, 2016 and is uptrending. It has underperformed by 5.59% the S&P500.
The move comes after 5 months positive chart setup for the $528.12 million company. It was reported on Sep, 13 by Barchart.com. We have $2.56 PT which if reached, will make NASDAQ:PLUG worth $47.53 million more.

Plug Power Inc (NASDAQ:PLUG) Ratings Coverage

Among 6 analysts covering Plug Power (NASDAQ:PLUG), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. Plug Power had 15 analyst reports since July 28, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of PLUG in report on Friday, August 11 with “Buy” rating. As per Wednesday, August 9, the company rating was maintained by H.C. Wainwright. On Tuesday, December 6 the stock rating was initiated by Rodman & Renshaw with “Buy”. The rating was initiated by Craig Hallum with “Buy” on Tuesday, July 28. On Monday, July 10 the stock rating was maintained by Cowen & Co with “Buy”. Roth Capital downgraded the stock to “Sell” rating in Wednesday, May 17 report. H.C. Wainwright maintained it with “Buy” rating and $400 target in Monday, July 24 report. FBR Capital initiated Plug Power Inc (NASDAQ:PLUG) rating on Friday, December 18. FBR Capital has “Outperform” rating and $3.0 target. The firm has “Hold” rating given on Sunday, August 9 by Roth Capital. On Wednesday, August 12 the stock rating was upgraded by Zacks to “Hold”.

More important recent Plug Power Inc (NASDAQ:PLUG) news were published by: Globenewswire.com which released: “Plug Power VP to Present at Upcoming Investor Conferences” on September 06, 2017, also Globenewswire.com published article titled: “Plug Power Named to Internationally Respected Hydrogen Council as Supporting …”, Investorplace.com published: “Plug Power Inc (PLUG) Stock May Not Be a Smart Buy Yet” on August 22, 2017. More interesting news about Plug Power Inc (NASDAQ:PLUG) was released by: Fool.com and their article: “Why Plug Power Inc.’s Shares Dropped in August” with publication date: September 07, 2017.

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 company has market cap of $528.12 million. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. It currently has negative earnings. GenKey offers solutions to clients transitioning their material handling vehicles to fuel cell power.

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