On 2/27/24, Plug Power Inc (NASDAQ: PLUG) stock enjoyed a major increase of 16.8%, closing at $3.55. This advance was accompanied by normal trading volume. Relative to the market the stock has been extremely weak over the last nine months and has declined -10.4% during the last week.
Current PriceTarget Research Rating
PLUG’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Plug Power has a current Value Trend Rating of C (Low Neutral). 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 93 but a very low Power Rating of 1, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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