<div id="readability-page-1"><p><span>Plug Power (NASDAQ:PLUG - Get Free Report)</span> had its price target reduced by investment analysts at Morgan Stanley  from $1.25 to $0.50 in a note issued to investors on Monday,Benzinga reports. The firm presently has an &#34;underweight&#34; rating on the electronics maker's stock. Morgan Stanley's price objective suggests a potential downside of 37.26% from the stock's previous close.</p><ul><li>Plug Power: Is Q1 Noise An Opportunity for Accumulation?</li></ul><p>PLUG has been the subject of a number of other research reports. Seaport Res Ptn downgraded Plug Power from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research report on Monday, January 27th. HC Wainwright  reiterated a &#34;buy&#34; rating and set a $3.00 price objective on shares of Plug Power in a report on Monday, March 24th. B. Riley decreased their target price on Plug Power from $4.00 to $3.00 and set a &#34;buy&#34; rating for the company in a research report on Wednesday, March 5th. Roth Capital  restated a &#34;buy&#34; rating on shares of Plug Power in a research report on Tuesday, May 13th. Finally, Canaccord Genuity Group dropped their price target on shares of Plug Power from $1.25 to $1.00 and set a &#34;hold&#34; rating for the company in a research report on Tuesday, May 13th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned  a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of &#34;Hold&#34; and a consensus price target of $1.91.</p><p><b>Get Our Latest Analysis on Plug Power</b></p><h2>Plug Power Stock Up 3.2%</h2><ul><li>2 Shorted Stocks Under Fire: Do Bulls or Bears Have It Right?</li></ul><p>Shares of Plug Power stock traded up $0.02 during trading on Monday, reaching $0.80. The company had a trading volume of 112,224,626 shares, compared to its average volume of 58,862,690. The firm's fifty day moving average is $1.13 and its 200-day moving average is $1.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 2.08. Plug Power has a fifty-two week low of $0.69 and a fifty-two week high of $3.55. The company has a market cap of $859.44 million, a price-to-earnings ratio of -0.37 and a beta of 2.19. </p><p>Plug Power (NASDAQ:PLUG - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The electronics maker reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.01). Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The company had revenue of $133.67 million for the quarter, compared to the consensus estimate of $130.92 million.  On average, analysts anticipate that  Plug Power will post -1.21 EPS for the current year. </p><h2>Hedge Funds Weigh In On Plug Power</h2><ul><li>Will Falling Bond Yields Send These 2 Small Caps Soaring?</li></ul><p>A number of institutional investors have recently bought and sold shares of PLUG. Arkadios Wealth Advisors raised its position in shares of  Plug Power by 88.0% in the fourth quarter. Arkadios Wealth Advisors now owns 62,082 shares of the electronics maker's stock valued at $132,000 after purchasing an additional 29,062 shares during the period.  ACT Wealth Management LLC lifted its position in  Plug Power by 71.4% during the fourth quarter. ACT Wealth Management LLC now owns 24,000 shares of the electronics maker's stock worth $51,000 after acquiring an additional 10,000 shares during the last quarter.  Sustainable Insight Capital Management LLC bought a new stake in shares of  Plug Power during the fourth quarter worth approximately $79,000.  PFG Investments LLC grew its position in shares of  Plug Power by 16.8% in the fourth quarter. PFG Investments LLC now owns 467,836 shares of the electronics maker's stock valued at $996,000 after purchasing an additional 67,251 shares during the last quarter.  Finally, Swedbank AB increased its stake in shares of  Plug Power by 39.7% during the fourth quarter. Swedbank AB now owns 235,233 shares of the electronics maker's stock worth $501,000 after purchasing an additional 66,844 shares during the period. Institutional investors and hedge funds own  43.48% of the company's stock. </p><h2>About Plug Power</h2> (Get Free Report)<p>Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.</p><h2>Read More</h2><ul><li>Five stocks we like better than Plug Power</li><li>Compound Interest and Why It Matters When Investing</li><li>Buffett's Latest Portfolio Moves, and Another Secret Stock</li><li>Top Stocks Investing in 5G Technology</li><li>NVIDIA’s NVLink Fusion Ups the Ante for AI Infrastructure</li><li>How to Invest in Tech Stocks and Top Tech Stocks to Consider</li><li>Why Tesla’s 60% Surge Should Keep Going Into Summer</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UExVRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UExVRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Plug Power Right Now?</h2><p>Before you consider Plug Power, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Plug Power wasn't on the list.</p><p>While Plug Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PLUG

<p>Morgan Stanley has cut its price target for Plug Power (NASDAQ:PLUG) from $1.25 to $0.50, maintaining an "underweight" rating on the stock. This suggests a potential downside of 37.26% from the previous close. Other analysts have also downgraded or maintained ratings, with a consensus rating of "Hold" and a price target of $1.91. Plug Power's stock traded at $0.80, with a market cap of $859.44 million and a negative net margin of 214.05%.</p>

Plug Power (NASDAQ:PLUG) Price Target Cut to $0.50 by Analysts at Morgan Stanley