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Mar 03, 2021

Plug Power (PLUG, $44.66) gets rating upgrade from JP Morgan.

Hydrogen fuel cell company Plug Power  got a rating boost from JP Morgan. .

Analyst Paul Coster raided his rating on the shares to overweight from neutral, and kept his price target at $65 per share. Coster mentioned in an investors’ note that that he was taking advantage of recent volatility to upgrade the company. According to him, the stock is “attractively priced at present, ahead of potential positive catalysts."

Last week, the company announced its partnership with South Korea's SK Group on a $1.6 billion capital investment to boost hydrogen fuel cells as an alternative energy source in Asian markets. 

“We are adjusting 2021-2022 estimates with this note to reflect our latest thinking regarding the pace of investment activity associated with the firm’s initiatives in Europe and South Korea," the analyst wrote.

"On revisiting the model, we believe we previously underestimated the amount and pace of investment that PLUG will be making over the next two years in pursuit of nascent market opportunities."

 

Related Ticker: PLUG

PLUG's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for PLUG turned positive on March 28, 2024. 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

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 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where PLUG's Stochastic Oscillator exited the oversold zone 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 March 27, 2024. You may want to consider a long position or call options on PLUG as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PLUG advanced for three days, in of 267 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

PLUG moved below its 50-day moving average on March 11, 2024 date and that indicates a change from an upward trend to a downward trend.

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 of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PLUG entered a downward trend on March 06, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (0.812) is normal, around the industry mean (74.697). P/E Ratio (0.000) is within average values for comparable stocks, (44.841). PLUG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.206). PLUG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (2.298) is also within normal values, averaging (91.834).

The Tickeron Price Growth Rating for this company is (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 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 81, 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.

Notable companies

The most notable companies in this group are First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Bloom Energy Corp (NYSE:BE), Plug Power (NASDAQ:PLUG), Canadian Solar (NASDAQ:CSIQ), FuelCell Energy (NASDAQ:FCEL), SunPower Corp (NASDAQ:SPWR), GrafTech International Ltd (NYSE:EAF).

Industry description

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.

Market Cap

The average market capitalization across the Electrical Products Industry is 3.96B. The market cap for tickers in the group ranges from 750 to 181.26B. NISSF holds the highest valuation in this group at 181.26B. The lowest valued company is EDYYF at 750.

High and low price notable news

The average weekly price growth across all stocks in the Electrical Products Industry was 4%. For the same Industry, the average monthly price growth was 11%, and the average quarterly price growth was -7%. VSTE experienced the highest price growth at 212%, while PLPKF experienced the biggest fall at -52%.

Volume

The average weekly volume growth across all stocks in the Electrical Products Industry was 30%. For the same stocks of the Industry, the average monthly volume growth was -34% and the average quarterly volume growth was 8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 72
Price Growth Rating: 57
SMR Rating: 75
Profit Risk Rating: 80
Seasonality Score: -10 (-100 ... +100)
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General Information

a developer of fuel cell technology and solutions

Industry ElectricalProducts

Profile
Fundamentals
Details
Industry
Electronic Components
Address
968 Albany Shaker Road
Phone
+1 518 782-7700
Employees
3868
Web
https://www.plugpower.com
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