Analysts See $-0.03 EPS for Plug Power (PLUG); Covalent Partners Has Cut Pulte Group (PHM) Holding

October 13, 2017 - By Darrin Black

Covalent Partners Llc decreased Pulte Group Inc (PHM) stake by 76.39% reported in 2017Q2 SEC filing. Covalent Partners Llc sold 508,703 shares as Pulte Group Inc (PHM)’s stock rose 8.08%. The Covalent Partners Llc holds 157,188 shares with $3.86 million value, down from 665,891 last quarter. Pulte Group Inc now has $8.17 billion valuation. The stock rose 0.02% or $0.01 reaching $27.09. About 1.23 million shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 30.02% since October 13, 2016 and is uptrending. It has outperformed by 13.32% the S&P500.

Analysts expect Plug Power Inc (NASDAQ:PLUG) to report $-0.03 EPS on November, 6.They anticipate $0.04 EPS change or 57.14% from last quarter’s $-0.07 EPS. After having $-0.10 EPS previously, Plug Power Inc’s analysts see -70.00% EPS growth. About 2.83 million shares traded. Plug Power Inc (NASDAQ:PLUG) has risen 11.11% since October 13, 2016 and is uptrending. It has underperformed by 5.59% the S&P500.

Plug Power Inc. is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The company has market cap of $643.90 million. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn. It currently has negative earnings. GenKey offers solutions to clients transitioning their material handling vehicles to fuel cell power.

Among 6 analysts covering Plug Power (NASDAQ:PLUG), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. Plug Power had 16 analyst reports since July 28, 2015 according to SRatingsIntel. Cowen & Co maintained Plug Power Inc (NASDAQ:PLUG) rating on Thursday, September 14. Cowen & Co has “Buy” rating and $3.0 target. The company was maintained on Monday, July 24 by H.C. Wainwright. The firm earned “Buy” rating on Friday, August 11 by Cowen & Co. As per Wednesday, August 12, the company rating was upgraded by Zacks. The rating was maintained by Roth Capital with “Hold” on Sunday, August 9. The stock of Plug Power Inc (NASDAQ:PLUG) has “Sell” rating given on Wednesday, May 17 by Roth Capital. On Monday, July 24 the stock rating was maintained by Craig Hallum with “Buy”. On Tuesday, December 6 the stock rating was initiated by Rodman & Renshaw with “Buy”. On Friday, December 18 the stock rating was initiated by FBR Capital with “Outperform”. The company was maintained on Monday, July 10 by Cowen & Co.

Investors sentiment increased to 3.62 in 2017 Q2. Its up 2.62, from 1 in 2017Q1. It is positive, as 7 investors sold Plug Power Inc shares while 14 reduced holdings. 29 funds opened positions while 47 raised stakes. 105.60 million shares or 174.45% more from 38.48 million shares in 2017Q1 were reported. Advisory Svcs Networks Ltd invested in 2,500 shares or 0% of the stock. Alabama-based Oakworth Capital Incorporated has invested 0% in Plug Power Inc (NASDAQ:PLUG). Barclays Public Limited Company accumulated 151,973 shares or 0% of the stock. Kbc Gp Nv has invested 0% of its portfolio in Plug Power Inc (NASDAQ:PLUG). Stratos Wealth Ptnrs Ltd holds 0% in Plug Power Inc (NASDAQ:PLUG) or 14,915 shares. Raymond James Svcs Advisors owns 39,216 shares for 0% of their portfolio. Bnp Paribas Arbitrage Sa, a New York-based fund reported 24,306 shares. Prudential Fincl owns 16,910 shares. Manufacturers Life The has 0% invested in Plug Power Inc (NASDAQ:PLUG) for 177,008 shares. Voya Management Ltd Co has 105,772 shares for 0% of their portfolio. Alpine Woods Capital Invsts owns 20,000 shares. Proshare Lc holds 19,743 shares. Moreover, Tci Wealth Advisors has 0% invested in Plug Power Inc (NASDAQ:PLUG). California-based Lederer Associates Inv Counsel Ca has invested 0.02% in Plug Power Inc (NASDAQ:PLUG). Morgan Stanley reported 551,692 shares.

Since June 6, 2017, it had 0 buys, and 1 insider sale for $324,520 activity. ANDERSON BRIAN P sold $324,520 worth of PulteGroup, Inc. (NYSE:PHM) on Tuesday, June 6.

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on October, 19. They expect $0.61 EPS, up 41.86% or $0.18 from last year’s $0.43 per share. PHM’s profit will be $183.97 million for 11.10 P/E if the $0.61 EPS becomes a reality. After $0.47 actual EPS reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 29.79% EPS growth.

Among 19 analysts covering PulteGroup (NYSE:PHM), 6 have Buy rating, 2 Sell and 11 Hold. Therefore 32% are positive. PulteGroup had 47 analyst reports since September 11, 2015 according to SRatingsIntel. On Monday, June 19 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by Bank of America given on Tuesday, June 27. Morgan Stanley downgraded PulteGroup, Inc. (NYSE:PHM) on Tuesday, October 13 to “Underweight” rating. The rating was downgraded by JP Morgan on Tuesday, April 5 to “Neutral”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 27 report. The rating was maintained by FBR Capital on Friday, July 22 with “Mkt Perform”. As per Friday, January 27, the company rating was upgraded by Bank of America. The firm earned “Hold” rating on Tuesday, September 26 by KeyBanc Capital Markets. The firm earned “Hold” rating on Monday, April 4 by Zelman. The firm earned “Underperform” rating on Monday, July 10 by Mizuho.

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