On 3/1/24, Plug Power Inc (NASDAQ: PLUG) stock enjoyed a major increase of 10.2%, closing at $3.89. Moreover, this advance was accompanied by unusually high trading volume at 159% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 24.3% during the last week.
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). 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 88 but a very low Power Rating of 0, triggering 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.
Be the first to comment