H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Plug Power (NASDAQ:PLUG) on Wednesday, setting a price target of $14, which is approximately 151.35% above the present share price of $5.57.
Dayal expects Plug Power to post earnings per share (EPS) of -$0.12 for the second quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Plug Power, with an average price target of $8.
The analysts price targets range from a high of $14 to a low of $6.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $40.81 million and a net profit of -$25.9 million. The company's market cap is $2.09 billion.
According to TipRanks.com, H.C. Wainwright analyst Amit Dayal is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 2.6% and a 41.16% 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.