Throughout the last three months, 25 analysts have evaluated Plug Power PLUG, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 1 | 16 | 4 | 0 |
| Last 30D | 0 | 0 | 2 | 0 | 0 |
| 1M Ago | 2 | 0 | 4 | 2 | 0 |
| 2M Ago | 1 | 0 | 0 | 1 | 0 |
| 3M Ago | 1 | 1 | 10 | 1 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $5.14, a high estimate of $11.00, and a low estimate of $2.30. Observing a downward trend, the current average is 36.07% lower than the prior average price target of $8.04.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive Plug Power. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Manav Gupta | UBS | Announces | Neutral | $4.75 | - |
| Skye Landon | Redburn Atlantic | Announces | Neutral | $4.50 | - |
| Craig Irwin | Roth MKM | Raises | Buy | $9.00 | $4.50 |
| Biju Perincheril | Susquehanna | Lowers | Neutral | $3.50 | $4.50 |
| Chris Dendrinos | RBC Capital | Lowers | Sector Perform | $3.50 | $5.00 |
| Kashy Harrison | Piper Sandler | Raises | Underweight | $2.80 | $2.30 |
| Christopher Souther | B. Riley Securities | Lowers | Buy | $8.00 | $18.00 |
| Craig Irwin | Roth MKM | Raises | Neutral | $4.50 | $4.00 |
| Ameet Thakkar | BMO Capital | Lowers | Underperform | $2.50 | $3.50 |
| Jordan Levy | Truist Securities | Lowers | Hold | $3.00 | $6.00 |
| Eric Stine | Craig-Hallum | Maintains | Buy | $11.00 | - |
| Kashy Harrison | Piper Sandler | Lowers | Underweight | $2.30 | $6.50 |
| Arthur Sitbon | Morgan Stanley | Lowers | Underweight | $3.00 | $3.50 |
| Vikram Bagri | Citigroup | Lowers | Neutral | $5.00 | $12.50 |
| Manav Gupta | UBS | Lowers | Buy | $5.00 | $15.50 |
| Martin Malloy | Johnson Rice | Announces | Hold | $6.00 | - |
| Michael Blum | Wells Fargo | Lowers | Equal-Weight | $4.00 | $7.00 |
| Andrew Percoco | Morgan Stanley | Lowers | Equal-Weight | $3.50 | $9.00 |
| Ameet Thakkar | BMO Capital | Lowers | Market Perform | $3.75 | $8.00 |
| Sam Burwell | Jefferies | Announces | Hold | $6.00 | - |
| Abhishek Sinha | Northland Capital Markets | Announces | Market Perform | $7.00 | - |
| Paul Coster | JP Morgan | Lowers | Neutral | $6.00 | $10.00 |
| Jordan Levy | Truist Securities | Lowers | Hold | $6.00 | $8.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $9.00 | $13.00 |
| Chris Dendrinos | RBC Capital | Lowers | Sector Perform | $5.00 | $12.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Plug Power. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Plug Power compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Plug Power's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Plug Power's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Plug Power analyst ratings.
All You Need to Know About Plug Power
Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
Understanding the Numbers: Plug Power's Finances
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, Plug Power showcased positive performance, achieving a revenue growth rate of 5.35% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Plug Power's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -142.66% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Plug Power's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -7.82%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Plug Power's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -5.14%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Plug Power's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.28.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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