Wells Fargo analyst Michael Blum assigned a Hold rating to Plug Power (PLUG – Research Report) yesterday and set a price target of $4.00. The company’s shares closed yesterday at $3.86.
Blum covers the Energy sector, focusing on stocks such as Nustar Energy, Cheniere Energy, and Enterprise Products Partners. According to TipRanks, Blum has an average return of 8.6% and a 62.07% success rate on recommended stocks.
In addition to Wells Fargo, Plug Power also received a Hold from Canaccord Genuity’s George Gianarikas in a report issued yesterday. However, on the same day, Craig-Hallum maintained a Buy rating on Plug Power (NASDAQ: PLUG).
See the top stocks recommended by analysts >>
The company has a one-year high of $14.28 and a one-year low of $2.26. Currently, Plug Power has an average volume of 45.92M.
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.
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 Advances Growth with Strategic Cash Management
- PLUG Earnings: Plug Power Fizzles after Shaky Earnings Results
- Plug Power Inc Reported Earnings. Did it Beat Estimates?
- Plug Power Issues Key Financial Information Update
- Plug Highlights Year of Strategic Growth and Advancements in Accelerating the Green Hydrogen Economy
