Alert: Rating Downgrade (12/1/23)-Plug Power Inc (NASDAQ: PLUG).


Stock Rating Downgrade

In recent days the Value Trend Rating for Plug Power Inc (NASDAQ: PLUG) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.


Recent Price Action

Plug Power Inc (NASDAQ: PLUG) stock closed at $4.54 on 12/1/23 after a major increase of 12.4%. Moreover, above average trading volume at 126% of normal accompanied the advance. The stock has risen 30.5% during the last week but 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Plug Power has a good Appreciation Score of 82 but a very low Power Rating of 1, resulting in the Negative Value Trend Rating.

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