Permian Basin Royalty Trust (PBT) At $9.51 Forms Top; Plug Power (PLUG) Sentiment Is 1.26

April 6, 2018 - By Martha Paddon

Plug Power Inc. (NASDAQ:PLUG) Logo

Permian Basin Royalty Trust (PBT) formed multiple top with $9.80 target or 3.00% above today’s $9.51 share price. Permian Basin Royalty Trust (PBT) has $443.25 million valuation. The stock decreased 1.35% or $0.13 during the last trading session, reaching $9.51. About 227,317 shares traded or 123.32% up from the average. Permian Basin Royalty Trust (NYSE:PBT) has risen 5.95% since April 6, 2017 and is uptrending. It has underperformed by 5.60% the S&P500.

Plug Power Inc (PLUG) investors sentiment decreased to 1.26 in Q4 2017. It’s down -0.46, from 1.72 in 2017Q3. The ratio dived, as 58 funds opened new or increased holdings, while 46 reduced and sold their stock positions in Plug Power Inc. The funds in our database reported: 59.69 million shares, up from 54.72 million shares in 2017Q3. Also, the number of funds holding Plug Power Inc in top ten holdings was flat from 0 to 0 for the same number . Sold All: 21 Reduced: 25 Increased: 40 New Position: 18.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen fuel cell systems primarily for the material handling and stationary power markets in the United States. The company has market cap of $418.35 million. It focuses on proton exchange membrane fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. It currently has negative earnings. The firm offers GenDrive, hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells, GenSure products, and GenFuel products; and GenSure, a stationary fuel cell solution that provides scalable modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors.

Ratings analysis reveals 100% of Plug Power’s analysts are positive. Out of 2 Wall Street analysts rating Plug Power, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $3.0 while the high is $3.0. The stock’s average target of $3 is 63.93% above today’s ($1.83) share price. PLUG was included in 2 notes of analysts from December 6, 2016. The firm has “Buy” rating by Rodman & Renshaw given on Tuesday, December 6. The rating was maintained by FBR Capital with “Outperform” on Thursday, April 6.

It closed at $1.83 lastly. It is down 35.00% since April 6, 2017 and is uptrending. It has outperformed by 23.45% the S&P500.

New Jersey Better Educational Savings Trust holds 0.43% of its portfolio in Plug Power Inc. for 180,000 shares. Nj State Employees Deferred Compensation Plan owns 320,000 shares or 0.13% of their US portfolio. Moreover, State Of New Jersey Common Pension Fund D has 0.04% invested in the company for 4.40 million shares. The New York-based Virtu Financial Llc has invested 0.04% in the stock. Wealthtrust Axiom Llc, a Pennsylvania-based fund reported 35,000 shares.

Analysts await Plug Power Inc. (NASDAQ:PLUG) to report earnings on May, 8. They expect $-0.08 EPS, up 38.46% or $0.05 from last year’s $-0.13 per share. After $-0.09 actual EPS reported by Plug Power Inc. for the previous quarter, Wall Street now forecasts -11.11% EPS growth.

Permian Basin Royalty Trust (NYSE:PBT) Institutional Positions Chart