News stories about Plug Power (NASDAQ:PLUG) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Plug Power earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 45.9940026420724 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern’s analysis:
- Future of the Asia-Pacific Smart Power Plug Market – Growth, Latest Trend & Forecast 2022 (newsient.com)
- Trump Tower Fire That Killed Tenant Resulted From Power Strips Plugged Into Each Other, FDNY Says (msn.com)
- Fluke Networks Releases New Versiv™ Adapters to Support Certification of Modular Plug Terminated Links (tmcnet.com)
- Fibaro Wall Plug with USB review: Does light make right? (techhive.com)
- Flexible, Efficient Access to Workers Compensation Information and Products: NCCI Launches “Plug In & Power Up” (prnewswire.com)
Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Plug Power from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. BidaskClub lowered shares of Plug Power from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. ValuEngine lowered shares of Plug Power from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Canaccord Genuity set a $5.00 target price on shares of Plug Power and gave the company a “buy” rating in a research report on Wednesday, March 7th. Finally, B. Riley set a $4.00 target price on shares of Plug Power and gave the company a “buy” rating in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Plug Power presently has a consensus rating of “Hold” and an average price target of $3.48.
NASDAQ PLUG traded up $0.10 during trading hours on Tuesday, hitting $1.98. 5,393,569 shares of the company’s stock traded hands, compared to its average volume of 3,605,664. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $429.78, a price-to-earnings ratio of -3.28 and a beta of 1.49. Plug Power has a 52 week low of $1.53 and a 52 week high of $3.21.
Plug Power (NASDAQ:PLUG) last posted its quarterly earnings results on Wednesday, March 7th. The electronics maker reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). The firm had revenue of $33.70 million during the quarter, compared to the consensus estimate of $31.03 million. Plug Power had a negative return on equity of 93.76% and a negative net margin of 96.94%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) earnings per share. sell-side analysts predict that Plug Power will post -0.21 EPS for the current year.
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About Plug Power
Plug Power Inc, an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.
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