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PLUG
Stock ticker:
NASDAQ
AS OF
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Price
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Capitalization
5.51B

PLUG Price Prediction, Plug Power AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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A.I.Advisor
a Summary for PLUG with price predictions
08:00 PM EDT Jun 08, 2023

PLUG in -3.98% downward trend, sliding for three consecutive days on June 09, 2023

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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

PLUG broke above its upper Bollinger Band on June 07, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PLUG's RSI Indicator 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 moved above its 50-day moving average on June 06, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where PLUG advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

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 (1.404) is normal, around the industry mean (5.934). P/E Ratio (0.000) is within average values for comparable stocks, (74.843). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.139). Dividend Yield (0.000) settles around the average of (0.025) among similar stocks. P/S Ratio (6.930) is also within normal values, averaging (92.908).

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 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.

A.I. Advisor
published Earnings

PLUG is expected to report earnings to fall 30.89% to -24 cents per share on August 10

Plug Power PLUG Stock Earnings Reports
Q2'23
Est.
$-0.24
Q1'23
Missed
by $0.10
Q4'22
Missed
by $1.00
Q3'22
Missed
by $0.08
Q2'22
Missed
by $0.09
The last earnings report on May 09 showed earnings per share of -34 cents, missing the estimate of -25 cents. With 22.25M shares outstanding, the current market capitalization sits at 5.51B.
A.I.Advisor
published Highlights

Notable companies

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

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 3.7B. The market cap for tickers in the group ranges from 12.12K to 181.26B. NISSF holds the highest valuation in this group at 181.26B. The lowest valued company is GNAL at 12.12K.

High and low price notable news

The average weekly price growth across all stocks in the Electrical Products Industry was -0%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was -1%. CAPC experienced the highest price growth at 29%, while LNNNF experienced the biggest fall at -57%.

Volume

The average weekly volume growth across all stocks in the Electrical Products Industry was 13%. For the same stocks of the Industry, the average monthly volume growth was -29% and the average quarterly volume growth was 39%

Fundamental Analysis Ratings

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

Valuation Rating: 61
P/E Growth Rating: 72
Price Growth Rating: 50
SMR Rating: 75
Profit Risk Rating: 83
Seasonality Score: 0 (-100 ... +100)
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published price charts
A.I. Advisor
published General Information

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
3353
Web
https://www.plugpower.com
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PLUG and

Correlation & Price change

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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PLUG
1D Price
Change %
PLUG100%
-3.68%
BE - PLUG
81%
Closely correlated
-0.46%
RUN - PLUG
77%
Closely correlated
-2.39%
FCEL - PLUG
76%
Closely correlated
+0.87%
NOVA - PLUG
71%
Closely correlated
-2.18%
SPWR - PLUG
71%
Closely correlated
-2.24%
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