Tuesday’s Midday Stock Update: Plug Power (PLUG), Fuelcell Energy (FCEL), Ballard Power Systems (BLDP), The ExOne Company (XONE), Voxeljet (VJET)

By Carrie Williams

So far Tuesday, May 11, NASDAQ is up 0.95% and the S&P is up 1.26%. Let’s take a look at this morning’s most active stocks and their recent analyst insights; Plug Power (PLUGResearch Report), Fuelcell Energy (FCELResearch Report), Ballard Power Systems (BLDPResearch Report), The ExOne Company (XONEResearch Report) and Voxeljet (VJETResearch Report).

Plug Power is up 24.76% in midday trading to $23.21. Shares opened today at $18.60. The company has a 52-week low of $3.80 and a 52-week high of $75.49. On the Street’s front, the average 12-month analyst price target for the stock is $52.79, marking a 183.82% potential upside from current levels. In a report released yesterday, Canaccord Genuity analyst Jonathan Dorsheimer maintained a Buy rating on PLUG, with a price target of $69.00, which implies an upside of 271% from current levels. Separately, on April 19, Wells Fargo’s Michael Blum initiated coverage with a Hold rating on the stock and has a price target of $30.00.

Fuelcell Energy is up 19.97% in midday trading to $7.99. Shares opened today at $6.66. The company has a 52-week low of $1.58 and a 52-week high of $29.44. On the Street’s front, the average 12-month analyst price target for the stock is $10.63, marking a 59.61% potential upside from current levels. In a report issued on April 19, Wells Fargo analyst Praneeth Satish initiated coverage with a Sell rating on FCEL and a price target of $9.00, which represents a potential upside of 35% from where the stock is currently trading. Separately, on April 16, B.Riley Financial’s Christopher Souther initiated coverage with a Hold rating on the stock and has a price target of $11.00.

Ballard Power Systems is up 17.93% in midday trading to $15.13. Shares opened today at $12.83. The company has a 52-week low of $8.87 and a 52-week high of $42.28. On the Street’s front, the average 12-month analyst price target for the stock is $24.73, marking a 92.75% potential upside from current levels. In a report issued on May 7, Piper Sandler analyst Pearce Hammond maintained a Hold rating on BLDP, with a price target of $16.00, which implies an upside of 25% from current levels. Separately, on May 5, Citigroup’s PJ Juvekar maintained a Buy rating on the stock and has a price target of $23.00. Over the last 3 months, the insider sentiment on Ballard Power Systems has been negative based on 62 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

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The ExOne Company is up 15.23% in midday trading to $20.12. Shares opened today at $17.46. The company has a 52-week low of $7.13 and a 52-week high of $66.48. On the Street’s front, the average 12-month analyst price target for the stock is $44.33, marking a 153.89% potential upside from current levels. In a report issued on March 16, Oppenheimer analyst Martin Yang reiterated a Hold rating on XONE. Separately, on March 14, Canaccord Genuity’s Jonathan Dorsheimer maintained a Buy rating on the stock and has a price target of $46.00.

Voxeljet is up 14.41% in midday trading to $13.42. Shares opened today at $11.73. The company has a 52-week low of $3.85 and a 52-week high of $40.00. On the Street’s front, the average 12-month analyst price target for the stock is $25.00, marking a 113.13% potential upside from current levels. In a report issued on April 14, Alliance Global Partners analyst Brian Kinstlinger initiated coverage with a Buy rating on VJET and a price target of $27.00, which implies an upside of 130% from current levels.

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