Amazon to buy stake at hydrogen and fuel cell firm

Amazon to buy stake at hydrogen and fuel cell firm

Plug Power Inc (NASDAQ:PLUG) shares were trading -1.32% below from the 52-week high mark of $2.28 and +171.08% above from the 52-week bottom of $0.83. Finally, Teachers Advisors LLC increased its stake in Plug Power by 1.8% in the fourth quarter. AMZN will be able to buy the stock for $1.1893 per share.

02/28/2017 - Plug Power, Inc. had its "equal-weight" rating reiterated by analysts at Morgan Stanley.

"The proof is always in the execution, but you're talking about Amazon", said analyst Carter Driscoll at FBR Capital Markets & Co. The stock has an average rating of "Buy" and a consensus price target of $2.26.

The deal, the biggest in Plug Power's history, would also mean $70 million in added revenue this year alone for Plug Power, a company that had $85.9 million in total revenue last year and has never turned profitable.

Several analysts have released their opinion on Plug Power Inc.

Beta factor of the stock stands at 0.66.

Average price target for Plug Power Inc.

Rodman & Renshaw Initiated its coverage for Plug Power Inc. These price targets are a consensus analysis of 6 brokers. Proshare Ltd Liability holds 0% of its portfolio in Plug Power Inc (NASDAQ:PLUG) for 29,014 shares. Teachers Advisors LLC now owns 385,028 shares of the company's stock worth $462,000 after buying an additional 6,680 shares in the last quarter.

- Plug Power shares closed at $1.30 on April 4 and were at $2.26 in midday NY trading. The stock traded between $1.91 and $2.40 on volume of 137 million shares traded. Our experts cover all kinds of trades... from value to momentum. from stocks under $10 to ETF and option moves. from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. The Stock Market opened sessions at 2.4 and closed at 2.25. The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 83.27 for Plug Power Inc. At select fulfillment center locations, Amazon will begin powering its industrial equipment such as forklifts using the GenKey technology which will enable faster charging times, reduced costs, and support energy-efficiency in Amazon's fulfillment operations. It provides power to material handling vehicles. It hopes that this will allow it to expand the uses of its ProGen fuel cell engine technology. GenCare is an ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. This could be an indication that investors expect the deal to benefit the fuel cell sector as a whole. Visit MarketWatch.com for more information on this news.

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