| Is Plug Power Now A Buy? The Vetr Crowd Thinks So | |
| | |
|
Shares of Plug Power Inc (NASDAQ: PLUG) have lost more than 32 percent over the past year, but have gained more than 8 percent over the past month.
The Vetr Crowd upgraded Plug Power's rating to 3.5 stars out of a possible five stars.
The Vetr Crowd's crowdsourced price target of $2.14 implies a potential upside of more than 9 percent.
Plug Power, a provider of alternative energy technology, has seen its stock plunge more than 32 percent over the past year. Despite the heavy losses over the past 52 weeks, the stock has actually gained more than 8 percent over the past month. The recent momentum likely provided the Vetr Crowd with sufficient conviction of a turnaround in the stock.
The Crowd
The Vetr Crowd to a 3.5 stars out of a five star rating on Monday. At the same time, the crowdsourced price target of $2.14 implies an upside of more than 9 percent; 66.7 percent of the Crowd's ratings are bullish.
Related Link: Vetr Crowd Upgrades LinkedIn To Four Stars; Wall Street Also Bullish
, a member of the Vetr Crowd, argued that Plug Power is a "long term" play and the stock will eventually trade above the $6 per share mark.
The Vetr Crowd and Wall Street analysts appear to agree on a bullish rating, but disagree on Plug Power's potential upside. As an example, analysts at Craig-Hallum initiated coverage of the stock back in July with a Buy rating and $3.50 price target. Analysts at Dougherty & Company also initiated coverage of the stock with a Buy rating back in April, although with a slightly higher price target of $3.70.
Image Credit:
See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
|
|