Plug Power Stock Nears Oversold Territory: Will Q4 Earnings Be The Turning Point?

Group 1 - Plug Power Inc is set to report its fourth-quarter earnings, with Wall Street anticipating a loss of 23 cents per share and revenues of $263.17 million [1] - The stock has experienced a significant decline, down 59.72% over the past year and 33.26% year-to-date [1] - Current trading price of Plug Power stock is$ 1.55, indicating it is in a bearish trend, trading below all key moving averages [2] Group 2 - The Moving Average Convergence Divergence (MACD) indicator shows a negative value of 0.14, indicating weak momentum, while the Relative Strength Index (RSI) is at 35.36, suggesting the stock is nearing oversold territory [3] - Analysts have a consensus rating of Buy for Plug Power stock, with a price target of $4.99, indicating an 81.61% upside potential based on recent ratings [5] - At the time of publication, Plug Power stock was trading down over 6.8% at$ 1.50 [5]