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Plug Power (PLUG) Received its Third Buy in a Row


After H.C. Wainwright and Oppenheimer gave Plug Power (NASDAQ: PLUG) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Jeff Osborne maintained a Buy rating on Plug Power yesterday and set a price target of $3. The company’s shares closed yesterday at $1.94.

According to TipRanks.com, Osborne is ranked 0 out of 5 stars with an average return of -3.9% and a 38.6% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, TPI Composites Inc, and Acuity Brands.

Plug Power has an analyst consensus of Strong Buy, with a price target consensus of $3.60, which is an 85.6% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $4 price target.

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The company has a one-year high of $2.62 and a one-year low of $1.53. Currently, Plug Power has an average volume of 2.52M.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock.

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, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets.