Canaccord Genuity analyst Jonathan Dorsheimer maintained a Buy rating on Plug Power (NASDAQ:PLUG) on Wednesday, setting a price target of $25, which is approximately 8.70% above the present share price of $23.
Dorsheimer expects Plug Power to post earnings per share (EPS) of -$0.03 for the fourth quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Plug Power, with an average price target of $22.22.
The analysts price targets range from a high of $30 to a low of $14.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $68.07 million and a net profit of -$26.34 million. The company's market cap is $9.24 billion.
According to TipRanks.com, Canaccord Genuity analyst Jonathan Dorsheimer is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.0% and a 53.54% success rate.
Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.