Alert: Major Price Decline (11/10/23)-Plug Power Inc (NASDAQ: PLUG).


Plug Power Inc (NASDAQ: PLUG) stock closed at $3.53 on 11/10/23 after a major decline of -40.5%. The stock has declined -43.7% during the last week and has been extremely weak relative to the market over the last nine months.


Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, PLUG is expected to continue to be Value Creation neutral.

Plug Power has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Plug Power has a very high Appreciation Score of 88 but a very low Power Rating of 4, leading to the Low Neutral Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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