The President & CEO of Plug Power (NASDAQ: PLUG) is Buying Shares

By Carrie Williams

Today, the President & CEO of Plug Power (PLUGResearch Report), Andrew Marsh, bought shares of PLUG for $29.98K.

This recent transaction increases Andrew Marsh’s holding in the company by 2.71% to a total of $1.2 million. Following Andrew Marsh’s last PLUG Buy transaction on March 22, 2016, the stock climbed by 0.5%.

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Based on Plug Power’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $59.82 million and GAAP net loss of $16.85 million. In comparison, last year the company earned revenue of $31.87 million and had a GAAP net loss of $19.44 million. The Company has a Price to Book ratio of 209.2084. Currently, Plug Power has an average volume of 26.54K.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $3.05, reflecting a 17.8% upside. Five different firms, including B.Riley FBR and Canaccord Genuity, currently also have a Buy rating on the stock. Starting in March 2019, PLUG received 5 Buy ratings in a row.

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Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets.