RBC Capital analyst Chris Dendrinos maintained a Hold rating on Plug Power (PLUG – Research Report) on April 10 and set a price target of $3.50. The company’s shares closed last Friday at $2.89.
Dendrinos covers the Industrials sector, focusing on stocks such as Plug Power, Bloom Energy, and RBC Bearings. According to TipRanks, Dendrinos has an average return of -25.7% and a 15.38% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Plug Power with a $5.28 average price target.
Based on Plug Power’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $198.71 million and a GAAP net loss of $283.48 million. In comparison, last year the company earned a revenue of $188.63 million and had a GAAP net loss of $170.76 million
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Plug Power (PLUG) Company Description:
New York-based Plug Power, Inc. is an electrical equipment manufacturing company. It develops hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity.
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