In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Plug Power (PLUG – Research Report). The company’s shares closed yesterday at $2.30.
Stine covers the Industrials sector, focusing on stocks such as Aspen Aerogels, Plug Power, and PureCycle Technologies. According to TipRanks, Stine has an average return of 1.7% and a 32.44% success rate on recommended stocks.
Currently, the analyst consensus on Plug Power is a Hold with an average price target of $5.38.
PLUG market cap is currently $1.57B and has a P/E ratio of -1.01.
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Plug Power (PLUG) Company Description:
New York-based Plug Power, Inc. is an electrical equipment manufacturing company. It develops hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity.
Read More on PLUG:
- Plug Power secures first international PEM electrolyzer certification in Korea
- Plug Power signed two additional contracts to deliver BEDP
- Plug Signs Additional BEDP Contracts for a Total of 4.5GW of Electrolyzers Across Europe and the United States
- Plug Power reached nameplate capacity at plants in Georgia, Tennessee
- Plug Continues to Make Substantial Advancement in Hydrogen Generation Buildout
