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Analysts Are Bullish On This EV Stock, Should You Roll With Plug Power Inc (PLUG) Friday?

Friday, August 19, 2022 10:02 AM | InvestorsObserver Analysts
Analysts Are Bullish On This EV Stock, Should You Roll With Plug Power Inc (PLUG) Friday?

EV stock PLUG is lower by 5.75% Friday. InvestorsObserver is giving Plug Power Inc (PLUG) an Analyst Rating Rank of 43, meaning PLUG is ranked higher by analysts than 43% of stocks. The average price target for PLUG is $36.952 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.2
Wall Street analysts are rating PLUG a Strong Buy today. Find out what this means to you and get the rest of the rankings on PLUG!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Plug Power Inc Stock Today?

Plug Power Inc (PLUG) stock is trading at $26.80 as of 9:56 AM on Friday, Aug 19, a decline of -$1.64, or -5.75% from the previous closing price of $28.43. The stock has traded between $26.74 and $27.49 so far today. Volume today is less active than usual. So far 2,547,193 shares have traded compared to average volume of 24,105,653 shares. Click Here to get the full Stock Report for Plug Power Inc stock.

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