In a report released today, Colin Rusch from Oppenheimer assigned a Buy rating to Plug Power (PLUG), with a price target of $62.00. The company’s shares closed last Thursday at $45.29.
According to TipRanks.com, Rusch is a top 25 analyst with an average return of 74.9% and a 64.9% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, SolarEdge Technologies, and Westport Fuel Systems.
Currently, the analyst consensus on Plug Power is a Strong Buy with an average price target of $73.36.
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Plug Power’s market cap is currently $26.82B and has a P/E ratio of -136.80. The company has a Price to Book ratio of 47.67.
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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.
