Plug Power Inc (NASDAQ:PLUG)‘s stock had its “outperform” rating reaffirmed by equities research analysts at FBR & Co. in a research report issued on Thursday, Analyst Ratings.Net reports.

In related news, Director Liquide Investissements D’ Air sold 13,281 shares of the stock in a transaction dated Wednesday, December 16th. The shares were sold at an average price of $2.26, for a total value of $30,015.06. Following the completion of the transaction, the director now owns 39,324 shares of the company’s stock, valued at approximately $88,872.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Plug Power (NASDAQ:PLUG) traded down 5.41% on Thursday, reaching $1.75. The company had a trading volume of 2,750,507 shares. Plug Power has a 52 week low of $1.30 and a 52 week high of $3.38. The stock’s 50 day moving average is $1.98 and its 200 day moving average is $2.11. The firm’s market capitalization is $314.97 million.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.01. The business earned $31.40 million during the quarter, compared to analyst estimates of $30.70 million. During the same period in the previous year, the firm earned ($0.04) EPS. The business’s quarterly revenue was up 57.8% compared to the same quarter last year. On average, equities analysts anticipate that Plug Power will post ($0.25) EPS for the current year.

A number of other brokerages have also weighed in on PLUG. Roth Capital cut their price objective on Plug Power from $2.60 to $2.40 and set a “neutral” rating for the company in a research report on Tuesday, November 10th. Vetr upgraded Plug Power from a “hold” rating to a “strong-buy” rating and set a $3.32 price objective for the company in a research report on Wednesday, December 16th. Finally, Zacks Investment Research upgraded Plug Power from a “sell” rating to a “hold” rating in a research report on Tuesday, November 24th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Plug Power presently has an average rating of “Buy” and an average target price of $3.24.

An institutional investor recently raised its position in Plug Power stock. Commonwealth Equity Services boosted its stake in Plug Power Inc (NASDAQ:PLUG) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,647 shares of the company’s stock after buying an additional 10,930 shares during the period. Commonwealth Equity Services owned 0.08% of Plug Power worth $286,000 as of its most recent SEC filing.

Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. GenKey offers solutions to customers transitioning their material handling vehicles to fuel cell power. GenDrive is a hydrogen fueled PEM fuel cell system. It provides power to material handling vehicles. GenFuel is the hydrogen fueling delivery system. It is designed to allow customers to refuel its GenDrive units for maximum productivity. GenCare is the ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. ReliOn is the stationary fuel cell solution. It provides scalable, modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation and utility sectors.

12 Month Chart for NASDAQ:PLUG

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