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EV Stock Drops 2.47% Monday; What Do Analysts Think The Future Is For Plug Power Inc (PLUG)?

Monday, December 05, 2022 10:27 AM | InvestorsObserver Analysts

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EV Stock Drops 2.47% Monday; What Do Analysts Think The Future Is For Plug Power Inc (PLUG)?

PLUG stock is lower by 2.47% as the EV stock decreases $0.39 and underperforms the market Analysts who follow Plug Power Inc (PLUG) on average expect it to rise 85.90% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 51, which means it ranks higher than 51 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.3
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?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Plug Power Inc Stock Today?

Plug Power Inc (PLUG) stock is trading at $15.42 as of 10:27 AM on Monday, Dec 5, a loss of -$0.39, or -2.47% from the previous closing price of $15.81. The stock has traded between $15.27 and $15.93 so far today. Volume today is below average. So far 2,356,399 shares have traded compared to average volume of 17,245,939 shares. Click Here to get the full Stock Report for Plug Power Inc stock.

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