News stories about Plug Power (NASDAQ:PLUG) have been trending somewhat negative this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Plug Power earned a media sentiment score of -0.02 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 46.7077398857574 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Global power banks market is driven by increasing adoption of smart phones and portable devices (marketwatch.com)
- Analysts Set Expectations for Plug Power Inc’s Q1 2018 Earnings (PLUG) (americanbankingnews.com)
- Plug Power (PLUG) Given a $5.00 Price Target at Canaccord Genuity (americanbankingnews.com)
- Plug Power Inc Stock Falls on Earnings Miss – Yahoo Finance (finance.yahoo.com)
- Plug Power Inc (PLUG) to Post Q1 2019 Earnings of ($0.08) Per Share, B. Riley Forecasts (americanbankingnews.com)
Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Plug Power from a “strong sell” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised shares of Plug Power from a “strong sell” rating to a “sell” rating in a research report on Tuesday. B. Riley reissued a “buy” rating on shares of Plug Power in a research report on Thursday, March 8th. HC Wainwright set a $4.00 price target on shares of Plug Power and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, Canaccord Genuity set a $5.00 price target on shares of Plug Power and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Four analysts have rated the stock with a sell rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.48.
Plug Power (NASDAQ:PLUG) last announced its quarterly earnings results on Wednesday, March 7th. The electronics maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Plug Power had a negative return on equity of 91.39% and a negative net margin of 96.94%. The business had revenue of $33.70 million during the quarter, compared to analysts’ expectations of $31.03 million. During the same period in the previous year, the company posted ($0.08) EPS. Plug Power’s revenue for the quarter was up 3.4% on a year-over-year basis. equities analysts expect that Plug Power will post -0.18 earnings per share for the current fiscal year.
Plug Power Company Profile
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.
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