H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Plug Power (NASDAQ:PLUG) on Friday, setting a price target of $78, which is approximately 200.00% above the present share price of $26.
Dayal expects Plug Power to post earnings per share (EPS) of -$0.12 for the third quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Plug Power, with an average price target of $43.06.
The analysts price targets range from a high of $78 to a low of $27.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $71.96 million and a net profit of -$47.49 million. The company's market cap is $14.78 billion.
According to TipRanks.com, H.C. Wainwright analyst Amit Dayal is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 60.8% and a 50.70% 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.