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.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PLUG declined for three days, in of 296 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where PLUG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PLUG entered a downward trend on May 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PLUG's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 23, 2023. You may want to consider a long position or call options on PLUG as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PLUG just turned positive on May 17, 2023. Looking at past instances where PLUG's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 Valuation Rating of (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 (1.273) is normal, around the industry mean (5.876). P/E Ratio (0.000) is within average values for comparable stocks, (75.189). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.063). Dividend Yield (0.000) settles around the average of (0.025) among similar stocks. P/S Ratio (6.281) is also within normal values, averaging (92.731).
The Tickeron Profit vs. Risk Rating rating for this company is (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 83, placing this stock worse than average.
The Tickeron SMR rating for this company is (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 (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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of fuel cell technology and solutions
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A.I.dvisor indicates that over the last year, PLUG has been closely correlated with BE. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if PLUG jumps, then BE could also see price increases.
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