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 Thursday at $4.37.
According to TipRanks.com, Dayal has 0 stars on 0-5 stars ranking scale with an average return of -5.1% and a 37.5% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Advanced Emissions Solutions, Renewable Energy Group, and Ballard Power Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Plug Power with a $6.13 average price target, implying a 46.3% upside from current levels. In a report issued on April 23, Canaccord Genuity also maintained a Buy rating on the stock with a $7.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $6.06 and a one-year low of $1.87. Currently, Plug Power has an average volume of 15.78M.
Based on the recent corporate insider activity of 63 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.
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. 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.
Read More on PLUG:
