Plug Power – Consensus Indicates Potential -15.8% Downside

Broker Ratings

Plug Power with ticker code (PLUG) have now 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 38 and 15.21 with a mean TP of 27.27. With the stocks previous close at 32.37 this would indicate that there is a downside of -15.8%. The day 50 moving average is 25.07 and the 200 moving average now moves to 14.76. The company has a market capitalisation of $14,833m. Company Website: http://www.plugpower.com

Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. The company offers GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing maintenance and service program for GenDrive and GenSure fuel cells, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, a turn-key solution for transitioning to fuel cell power; and ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans. The company offers its products to retail-distribution and manufacturing businesses through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.

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