On 5/22/24, Plug Power Inc (NASDAQ: PLUG) stock enjoyed a major increase of 10.7%, closing at $3.41. Moreover, this advance was accompanied by unusually high trading volume at 179% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -0.9% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Plug Power has a good Appreciation Score of 77 but a very low Power Rating of 1, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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