Canaccord Genuity analyst Jonathan Dorsheimer maintained a Buy rating on Plug Power (NASDAQ:PLUG) on Friday, setting a price target of $69, which is approximately 180.72% above the present share price of $24.58.
Dorsheimer expects Plug Power to post earnings per share (EPS) of -$1.12 for the second quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Plug Power, with an average price target of $51.36.
The analysts price targets range from a high of $78 to a low of $29.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of -$316.34 million and a net profit of -$470.5 million. The company's market cap is $14.49 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 25.9% and a 51.36% 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.