In-Depth Examination Of 22 Analyst Recommendations For Plug Power

Plug Power PLUG underwent analysis by 22 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Analysts have recently evaluated Plug Power and provided 12-month price targets. The average target is $7.96, accompanied by a high estimate of $27.00 and a low estimate of $2.30. Experiencing a 44.3% decline, the current average is now lower than the previous average price target of $14.29.

Understanding Analyst Ratings: A Comprehensive Breakdown

The perception of Plug Power by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Plug Power. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Plug Power compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Plug Power's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Plug Power's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Plug Power analyst ratings.

About Plug Power

Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets—including material handling, e-mobility, power generation, and industrial applications.

Breaking Down Plug Power's Financial Performance

Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.

Revenue Growth: Plug Power's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 5.35%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.

Net Margin: Plug Power's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -142.66%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Plug Power's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -7.82%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Plug Power's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -5.14%, the company may face hurdles in achieving optimal financial returns.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.28.

What Are Analyst Ratings?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.