2/27/2023 0 Comments Plug stock price today![]() ![]() (NKLA) and players such as Plug are investing in hydrogen fuel cell and hydrogen gas production technology to help wean industry off fossil fuels. The company’s long term goal is to build a green hydrogen company. The company says it intends to use the proceeds for “general corporate purposes.” That’s typical language. Plug ended the third quarter with more than $700 million in cash and $300 million in long term debt and convertible notes. Stock Data Todays Range 2.90 - 3.15 52-Week Range 2.77 - 11.63 Price Chg. The average analyst price target is about $23, below the $25 level where shares closed at on Monday. The strong stock price performance has left analysts playing catch up though. The average Buy-rating ratio for stocks in the Dow is about 58%. Nine out of 10 analysts covering the stock rate shares Buy. Those returns aren’t really comparable to theĭespite the strong returns, analysts are still bullish on Plug stock. Plug stock is up 691% in 2020 and 119% over the past three months. What’s more, secondary offerings means more stock supply for the market to absorb, and that each previous share will own a smaller piece of the company. Large blocks of stock are typically sold at a discount. Shares often trade lower after secondary stock offerings are announced. No cash balance or cash flow is included in the calculation.Shares are down 11% in premarket trading Tuesday. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. ![]() Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. ![]() The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results. ![]()
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