Stock Rating Upgrade
The Value Trend Rating for Plug Power Inc (NASDAQ: PLUG) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Plug Power Inc (NASDAQ: PLUG) stock closed at $3.44 on 1/12/24 after a large decline of -7.5%. However, below average trading volume at 81% of normal accompanied the decline. The stock has declined -19.8% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, PLUG is expected to continue to be Value Creation neutral.
Plug Power has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Plug Power has a very high Appreciation Score of 90 but a very low Power Rating of 1, producing the Low Neutral Value Trend Rating.
Be the first to comment