In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Plug Power (PLUG), with a price target of $6.00. The company’s shares closed last Monday at $4.19.
According to TipRanks.com, Dayal has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.8% and a 36.9% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Advanced Emissions Solutions, Renewable Energy Group, and Ballard Power Systems.
Currently, the analyst consensus on Plug Power is a Strong Buy with an average price target of $6.13, a 50.2% upside from current levels. In a report issued on May 7, Oppenheimer also maintained a Buy rating on the stock with a $6.00 price target.
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The company has a one-year high of $6.05 and a one-year low of $1.86. Currently, Plug Power has an average volume of 15.84M.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PLUG in relation to earlier this year.
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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. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.
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