There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on eMagin (NYSE MKT:EMAN) and Plug Power (NASDAQ:PLUG) with bullish sentiments.
eMagin (EMAN)
In a report released today, Kevin Dede from H.C. Wainwright maintained a Buy rating on eMagin, with a price target of $4. The company’s shares closed yesterday at $1.57.
According to TipRanks.com, Dede is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.1% and a 35.2% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and SuperCom.
eMagin has an analyst consensus of Moderate Buy, with a price target consensus of $4.
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Plug Power (PLUG)
H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Plug Power today and set a price target of $4. The company’s shares closed yesterday at $1.91.
Dayal wrote:
“We believe that GAAP gross margins should continue to fluctuate depending on the impact of provision related to warrants over the next few quarters, but are anticipating improvements relative to 2Q18. Free cash flow during the quarter was negative $20.4M compared to negative $43.4M in the year ago period. PLUG generated a net loss of $25.9M or $0.12 per share for the quarter. The company ended the quarter with $55.4M in cash (vs $89.0M at end of 1Q18) of which $40.4M was in the form of short- and long-term restricted cash (vs. $42.2M in 1Q18). Guidance intact. The company maintained its 2018 revenue guidance to range between $155-180M, highlighting that it already has orders in hand that exceed the lower end of this range. We believe this outlook will be tightened by the end of the next quarter.”
According to TipRanks.com, Dayal has 0 stars on 0-5 star ranking scale with an average return of -5.6% and a 36.8% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pointer Telocation Ltd, and Pacific Ethanol.
Plug Power has an analyst consensus of Moderate Buy, with a price target consensus of $3.75.
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