Plug Power (PLUG, $29.01) shares get an equal-weight rating at Morgan Stanley
Plug Power got an equal-weight rating from Morgan Stanley analysts who resumed coverage of the company on Monday.
Analyst Stephen Byrd says that the hydrogen fuel cell producer’s stock price already reflects a substantial part of the expected rapid growth ahead of the company. Byrd mentioned the company’s product advantages, strong balance sheet, and strategic partnerships as factors that position the company well for the transition to a hydrogen economy.
Byrd has a $35 price target on Plug Power shares, thereby implying multiples of 18 times 2023 enterprise value/sales and 0.6 times EV/sales growth.
"Even after modeling in double-digit revenue growth through 2050 and significant margin expansion, our discounted cash flow analysis results in a modest 8% upside from current levels," Byrd said.
PLUG in +12.38% Uptrend, advancing for three consecutive days on May 26, 2022
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where PLUG advanced for three days, in 217 of 253 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
Current price $17.06 crossed the support line at $23.78 and is trading between $23.78 support and $-98.14 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -24% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +3% Uptrend.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PLUG's RSI Oscillator exited the oversold zone, 14 of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 70%.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on PLUG as a result. In 67 of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.
The Moving Average Convergence Divergence (MACD) for PLUG just turned positive on May 20, 2022. Looking at past instances where PLUG's MACD turned positive, the stock continued to rise in 36 of 45 cases over the following month. The odds of a continued upward trend are 80%.
PLUG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
PLUG moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for PLUG crossed bearishly below the 50-day moving average on April 25, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 88%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLUG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
The Aroon Indicator for PLUG entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 85%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.45.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 63 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.203) is normal, around the industry mean (13.933). P/E Ratio (0.000) is within average values for comparable stocks, (69.995). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.188). PLUG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (17.153) is also within normal values, averaging (34.328).
The Tickeron Profit vs. Risk Rating rating for this company is 72 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PLUG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 86 (best 1 - 100 worst), indicating slightly worse than average price growth. PLUG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The industry produces a diverse range of electricity-powered equipment, appliances and components, catering to both households and industries. The products include power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; light bulbs, tubes, fittings and electric signs etc. Consumer income, construction spending, and industrial production are major drivers of demand for this industry’s products. Large companies tend to have economies of scale in production, marketing, and distribution, while smaller companies can potentially carve out their own market through niche or specialty offerings. The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion. (according to a study published in First Research). Emerson Electric Co., Hubbell Incorporated and Eaton Corporation plc are major electrical products makers in the U.S.
The average market capitalization across the Electrical Products Industry is 3.1B. The market cap for tickers in the group ranges from 68.7K to 151.4B. NISSF holds the highest valuation in this group at 151.4B. The lowest valued company is SNRY at 68.7K.
The average weekly price growth across all stocks in the Electrical Products Industry was 2.07%. For the same Industry, the average monthly price growth was -2.54%, and the average quarterly price growth was -24.87%. CSSXF experienced the highest price growth at 75.15%, while CHGI experienced the biggest fall at -27.83%.
- 5/18/22 5:18 AM: Plug Power (PLUG, $16.53) was a top weekly gainer, with a +5.22% jump
- 5/5/22 4:57 AM: Plug Power (PLUG, $23.4) was a top weekly gainer, with a +5.74% jump
- 4/9/22 5:29 AM: Plug Power (PLUG, $26.02) was a top loser this week, declining -8.19%
The average weekly volume growth across all stocks in the Electrical Products Industry was -17.52%. For the same stocks of the Industry, the average monthly volume growth was -3.35% and the average quarterly volume growth was -4.42%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 60%. During the last month, the daily ratio of advancing to declining volumes was 1.03 to 1.
17 stocks in the group of tickers exhibit a similar negative trend based on the TrendMonth indicator with an average likelihood of 73%.
The most notable companies in this group are Corning (NYSE:GLW), Plug Power (NASDAQ:PLUG), First Solar (NASDAQ:FSLR), Universal Display Corp (NASDAQ:OLED).
The average market capitalization across the group is 5.8B. The market cap for tickers in the group ranges from 0 to 41.8B. APH holds the highest valuation in this group at 41.8B. The lowest valued company is JETR at 0.
The average weekly price growth across all stocks in the group was 0.93%. For the same group, the average monthly price growth was -1.57%, and the average quarterly price growth was -19.78%. SGMA experienced the highest price growth at 13.79%, while HWKE experienced the biggest fall at -23.08%.
- 5/25/22 7:32 AM: Flex (FLEX, $15.63) was a top loser this week, declining -6.96%
- 5/21/22 6:30 AM: Hawkeye Systems (HWKE, $0.04) was a top weekly gainer, with a +40% jump
- 5/21/22 6:30 AM: Byd Electronic International (BYDIF, $1.97) was a top weekly gainer, with a +6.49% jump
The average weekly volume growth across all stocks in the group was 49.47%. For the same stocks of the group, the average monthly volume growth was 125.47% and the average quarterly volume growth was 120.85%
- 5/17/22 6:45 AM: The volume for Amplitech Group stock increased for one day, resulting in a record-breaking daily growth of 684% of the 65-Day Volume Moving Average
- 4/12/22 7:05 AM: The volume for LightPath Technologies stock increased for one day, resulting in a record-breaking daily growth of 214% of the 65-Day Volume Moving Average
- 4/8/22 4:25 AM: The volume for Methode Electronics stock increased for one day, resulting in a record-breaking daily growth of 255% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows