Plug Power (PLUG) Given Daily News Impact Rating of 0.01
- Author: Tracy Ferguson Apr 06, 2017,
Apr 06, 2017, 1:57
On Wednesday, hydrogen fuel cell company Plug Power announced that Amazon would be changing its electric forklifts to hydrogen fuel cell-powered ones at 11 of its fulfillment centers. Checking some other stock price data, we can see that the recent distance from the 50 day high was noted at 46.82% and the separation from the 50 day low is presently 168.87%. The validation sent Power Plug's shares rocketing up some 75 percent.
Considering the performance, Plug Power Inc. This price is based on the stock's volume weighted average closing price for the last 30 days of trading that ended on April 4.
The stock PLUG, +47.31% shot up as much as 85% on heavy volume to a 17-month high of $2.40 in intraday trade, before paring some gains.
According to the the latest analyst ratings which have been released, 1 brokers have issued a rating of "buy", 3 brokers "outperform", 2 brokers "hold", 0 brokers "underperform" and 0 brokers "sell". Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Plug Power said revenue associated with the agreement is expected to be around $70 million.
The number of shares traded in the last trading session was 4.75 Million. The online retailer agreed to use the company's hydrogen fuel cells and technology within its fulfillment infrastructure.
Also, Plug said it would work with Amazon to develop new fuel cell technology. Even so, nearly two-thirds of the warrants Amazon is getting are priced at $1.19 for each Plug Power share, and the rest at a 10 percent discount to where they trade once Amazon's orders reach $200 million. There was a stock decrease by -1.52 percent. It hopes that this will allow it to expand the uses of its ProGen fuel cell engine technology.
Raymond James analyst Pavel Molchanov described the deal as one of the occasional bright spots that highlighted the potential for growth in the fuel cell industry.
Relative strength index (RSI-14) for Plug Power Inc.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Plug Power Inc. the EPS stands at -0.08 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.06, suggesting the stock fell short of the analysts' expectations.