H.C. Wainwright Thinks Plug Power’s Stock is Going to Recover

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Plug Power (PLUGResearch Report), with a price target of $78.00. The company’s shares closed last Monday at $16.63, close to its 52-week low of $16.55.

According to, Dayal is a top 25 analyst with an average return of 49.2% and a 41.6% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Capstone Green Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Plug Power with a $39.73 average price target, implying an 112.2% upside from current levels. In a report issued on April 29, Evercore ISI also assigned a Buy rating to the stock with a $46.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Plug Power’s market cap is currently $9.61B and has a P/E ratio of -20.43.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

New York-based Plug Power, Inc. is an electrical equipment manufacturing company. It develops hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity.

Read More on PLUG:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed