A Closer Look at 14 Analyst Recommendations For Plug Power

Throughout the last three months, 14 analysts have evaluated Plug Power PLUG, offering a diverse set of opinions from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $4.74, a high estimate of $11.00, and a low estimate of $2.30. Highlighting a 14.29% decrease, the current average has fallen from the previous average price target of $5.53.

Interpreting Analyst Ratings: A Closer Look

A clear picture of Plug Power's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Plug Power. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Plug Power compared to the broader market.
• Price Targets: Analysts predict movements in price targets, offering estimates for Plug Power's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

Capture valuable insights into Plug Power's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Plug Power analyst ratings.

All You Need to Know 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.

Plug Power: A Financial Overview

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Positive Revenue Trend: Examining Plug Power's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.35% as of 30 September, 2023, showcasing a substantial increase in 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 net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -142.66%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Plug Power's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -7.82%, the company may face hurdles in achieving optimal financial performance.

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

Debt Management: Plug Power's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.28.

What Are Analyst Ratings?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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