Plug Power stock: buy or sell?

PLUG stock price: $2.80 -0.36% At close on September 20th, 2019

Updated on:
September 20th, 2019

3

Plug Power shares slightly fell -0.36% to $2.80 today.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen fuel cell systems primarily for the material handling and stationary power markets in the United States.

Should I buy Plug Power stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Just 1 of our buy setups matches with Plug Power stock now:

Buy setupElegible
New all-time highNo
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Plug Power stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we detected 3 ratings published for PLUG stock in the last 30 days.

Is PLUG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-7HC Wainwrightn/aBuy
2019-1-30Roth CapitalSellNeutral
2019-1-10HC Wainwrightn/aBuy

Plug Power stock analysis

Daily outlook

Shares of Plug Power slightly fell a lame -0.36% and closed at $2.80.

Plug Power ended today at $2.80 and slightly fell a lame -0.36%. On August/16 PLUG price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. From a daily perspective, PLUG is in a short term uptrend after plotting its last bottom ($2.11, on September 3rd) higher than the previous bottom, and its last top ($2.94, yesterday) also over the previous top. Now trading in between its last bottom and last top PLUG might consolidate in a plain range, waiting to break out over $2.94 or down under $2.11. Since last May when SMA100d and SMA200d crossed up, PLUG price gained $0.23 per share (8.95%).

PLUG stock chart (daily)

Weekly outlook

Plug Power ended this week at $2.80 and boosted a super good 5.66%. For 5 weeks in a row, price climbed and marked a profit of 33.97%.

Since SMA20d and SMA40w crossed up late April, PLUG price climbed $0.28 per share (11.11%). Since price and SMA40w lines crossed up by mid February, PLUG climbed $1.18 (72.84%).

PLUG stock chart (weekly)

Plug Power stock price history

Plug Power IPO was on October 29th, 1999 at $157.50 per share1. Since then, PLUG stock lost a -98.20%, with a yearly average of -5.20%.

1: Adjusted price after possible price splits or reverse-splits.

Plug Power stock historical price chart

PLUG stock reached 52-week highs yesterday at $2.94, and all-time highs 2000-01-24 with a price of 1565.

Plug Power stock price target is $3.10

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 3 price targets for PLUG stock:
PLUG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-7HC WainwrightReiteratesn/a$4.00-
2019-1-30Roth CapitalUpgradesn/a$1.30-
2019-1-10HC WainwrightReiteratesn/a$4.00-
(in average)$0.00$3.100.0%
The price target for Plug Power stock is $3.10, moving in a range between $4.00 and $1.30. In average, analysts' outlook on PLUG price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On March, Plug Power reported its latest financial data, posting an extraordinary gain for the Earnings per Share (EPS) ratio. Experts were expecting $-0.05 per share, but Plug Power posted $-0.08.
PLUG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.13n/a
2017-Q2-n/a-0.19n/a
2017-Q32017-11-08-0.04-0.18n/a
2017-Q42018-03-07-0.07-0.09n/a
2018-Q12018-05-09-0.06-0.07n/a
2018-Q22018-08-09-0.06-0.08n/a
2018-Q32018-11-08-0.08-0.07n/a
2018-Q42019-03-07-0.05-0.08n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Plug Power annual sales boosted an amazing 74.37% to $174.63 million USD from $100.15 marked in 2017. When comparing 2018 vs 2017, in line, profit margin (that is, the net income divided by revenues) skyrocketed a 82.15% to -44.73%.

PLUG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$27 M-$-62.67 M-235.6%-
2014$64 M141.47%$-88.49 M-137.8%41.20%
2015$103 M60.81%$-55.69 M-53.9%-37.06%
2016$86 M-16.81%$-57.49 M-66.9%3.23%
2017$100 M16.55%$-127.08 M-126.9%121.06%
2018$175 M74.37%$-78.12 M-44.7%-38.53%

Quarterly financial results

Plug Power reported $59.82 million in revenues for 2018-Q4, a 12.52% improvement compared to previous quarter. Reported quarter earnings marked $-16.85 million with a profit margin of -28.16%. Profit margin stepped up a 1.11% compared to previous quarter when profit margin was -29.28%. When comparing revenues to same quarter last year, Plug Power sales marked an astounding gain and rocketed a 74.89%. Looking back to recent quarterly results, Plug Power posted 3 negative quarters in a row.
PLUG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$15 M-$-24.04 M-157.7%-
2017-Q2$21 M36.35%$-42.62 M-205.1%77.29%
2017-Q3$35 M70.21%$-40.98 M-115.9%-3.84%
2017-Q4$34 M-3.29%$-19.44 M-56.8%-52.57%
2018-Q1$29 M-14.98%$-19.84 M-68.2%2.04%
2018-Q2$40 M37.30%$-25.87 M-64.8%30.42%
2018-Q3$53 M33.16%$-15.57 M-29.3%-39.83%
2018-Q4$60 M12.52%$-16.85 M-28.2%8.24%

Plug Power ownership

When you are planning to buy a company, it's worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Plug Power, 1.29% of all outstanding shares are owned by its staff.

In case of Plug Power stock, 26.58% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for PLUG stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

PLUGAPDBLDPCPSTESNC
Market cap$663.4 M$48.8 B$1.2 B$37.5 M$0.7 M
Total shares236.9 M220.4 M232.6 M73.4 M68.1 M
Float shares220.1 M219.6 M180.1 M71.8 M45.5 M
  - Institutional holdings (%)26.6%89.1%4.1%11.6%6.1%
  - Insider holdings (%)1.3%0.2%29.9%1.9%33.9%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Plug Power summary

Friday, September 20th, 2019
Open$2.84
Close$2.80
Day range$2.75 - $2.88
Previous close$2.81
Session gain-0.36%
Average true range$0.14
50d mov avg$2.28
100d mov avg$2.35
200d mov avg$2.10
Daily patternlt06a
Weekly pattern

Plug Power performance

To measure stock performance is always good to compare with competitors or related stocks. For Plug Power, the benchmark is made against Air Products and Chemicals, Ballard Power Systems, Capstone Turbine, EnSync, General Electric, Lowe's Companies, Procter & Gamble and Walmart.
Stock3m6m12m
PLUGPlug Power21.74%12.90%47.37%
APDAir Products and ...0.25%20.28%33.11%
BLDPBallard Power Sys...42.82%74.92%23.17%
CPSTCapstone Turbine-38.55%-46.32%-46.32%
ESNCEnSync0.00%-95.00%-97.06%
GEGeneral Electric-10.42%-5.92%-19.57%
LOWLowe's Compan...10.63%6.74%-3.16%
PGProcter & Gamble10.62%21.84%46.76%
WMTWalmart5.78%20.25%24.57%

Plug Power competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for Plug Power. We selected 8 companies as Plug Power competitors as they are in the same industry or have similar market objectives.