In a report released on August 10, Chris Dendrinos from RBC Capital maintained a Buy rating on Plug Power (PLUG – Research Report), with a price target of $12.00. The company’s shares closed last Friday at $9.11.
Dendrinos covers the Energy sector, focusing on stocks such as Plug Power, Westport Fuel Systems, and Bloom Energy. According to TipRanks, Dendrinos has an average return of -9.9% and a 14.29% success rate on recommended stocks.
In addition to RBC Capital, Plug Power also received a Buy from H.C. Wainwright’s Amit Dayal in a report issued on August 10. However, on August 11, Truist Financial maintained a Hold rating on Plug Power (NASDAQ: PLUG).
See the top stocks recommended by analysts >>
Based on Plug Power’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $216.29 million and a GAAP net loss of $236.4 million. In comparison, last year the company earned a revenue of $116.23 million and had a GAAP net loss of $173.3 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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: