BTIG analyst Gregory Lewis reiterated a Buy rating on Plug Power (NASDAQ:PLUG) on Thursday, setting a price target of $40, which is approximately 28.04% above the present share price of $31.24.
Lewis expects Plug Power to post earnings per share (EPS) of -$0.18 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Plug Power, with an average price target of $42.86.
The analysts price targets range from a high of $78 to a low of $27.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $124.56 million and a net profit of -$90.2 million. The company's market cap is $17.94 billion.
According to TipRanks.com, BTIG analyst Gregory Lewis is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -3.8% and a 39.83% success rate.
New York-based Plug Power, Inc. is an electrical equipment manufacturing company. It develops hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity.