News stories about Plug Power (NASDAQ:PLUG) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plug Power earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 44.2095196446455 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Plug Power (PLUG) Enters New Agreement with Toyota to Pvovide Hydrogen Fuel Cells to Asko (streetinsider.com)
- Featured Company News – Plug Power Signs Agreement With Asko And Toyota Material Handling for Providing Hydrogen Fuel Cells (finance.yahoo.com)
- Hot Mover to Watch: Plug Power Inc (NASDAQ: PLUG) – Alpha Beta Stock (alphabetastock.com)
- Plug Power signs deal to enter Norway market – Albany Times Union (timesunion.com)
- Plug Power Announces New European Deal with Asko and Toyota Material Handling – GlobeNewswire (press release) (globenewswire.com)
Plug Power (NASDAQ:PLUG) traded down $0.02 on Friday, reaching $2.87. The company had a trading volume of 4,012,640 shares, compared to its average volume of 5,408,122. Plug Power has a 1 year low of $0.83 and a 1 year high of $3.07. The company has a quick ratio of 0.68, a current ratio of 1.31 and a debt-to-equity ratio of 0.41.
Plug Power (NASDAQ:PLUG) last released its earnings results on Tuesday, August 8th. The electronics maker reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03). Plug Power had a negative return on equity of 86.35% and a negative net margin of 112.95%. The company had revenue of $22.60 million for the quarter, compared to analyst estimates of $28.58 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. research analysts forecast that Plug Power will post -0.36 EPS for the current fiscal year.
Several equities research analysts recently issued reports on PLUG shares. Cowen and Company set a $3.00 price objective on Plug Power and gave the company a “buy” rating in a report on Monday, July 10th. Zacks Investment Research downgraded Plug Power from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Roth Capital reiterated a “sell” rating and issued a $1.30 price objective on shares of Plug Power in a report on Sunday, July 23rd. Rodman & Renshaw reiterated a “buy” rating and issued a $4.00 price objective on shares of Plug Power in a report on Monday, July 24th. Finally, HC Wainwright reiterated a “buy” rating and issued a $4.00 price objective on shares of Plug Power in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $2.98.
In related news, Director George C. Mcnamee bought 200,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $2.20 per share, with a total value of $440,000.00. Following the purchase, the director now directly owns 486,131 shares of the company’s stock, valued at approximately $1,069,488.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.90% of the company’s stock.
About Plug Power
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’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.
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