Plug Power found using ticker (PLUG) now have 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 38 and 15.21 and has a mean target at 27.27. Given that the stocks previous close was at 32.37 this now indicates there is a potential downside of -15.8%. The day 50 moving average is 25.07 and the 200 day MA is 14.76. The company has a market capitalisation of $14,833m. You can visit the company’s website by visiting: http://www.plugpower.com
The potential market cap would be $12,496m based on the market concensus.
Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets 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. The company offers GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing maintenance and service program for GenDrive and GenSure fuel cells, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, a turn-key solution for transitioning to fuel cell power; and ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans. The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
