Plug Power Inc (NASDAQ: PLUG) stock enjoyed a major increase of 12.3% on 11/28/23. The shares closed at $3.84. The stock has been extremely weak relative to the market over the last nine months and has declined -4.0% during the last week.
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 89 but a very low Power Rating of 2, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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