BOS Better Online Solutions Ltd
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Based in Israel
Company profile

B.O.S. Better Online Solutions Ltd. (BOS) is a provider of automatic identification and data capture (AIDC) mobility solutions. The Company distributes electronic components for the civil aircraft industry, defense industry and high technology equipment manufacturers. The Company operates through two segments: the RFID and Mobile Solutions and the Supply Chain Solutions. The Company's RFID and Mobile Solutions division offers integration of solutions, as well as stand-alone products, including radio frequency identification (RFID) and AIDC hardware and communications equipment, and industry-specific software applications. The Company's Supply Chain Solutions division provides electronic components, telecommunications equipment and components consolidation services to the aerospace, defense, medical and telecommunications industries, and enterprise customers around the world. The Company serves the avionics, defense, retail, manufacturers, government and livestock markets.

Closing Price
$2.41
Day's Change
-0.04 (-1.63%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.63
Day's Low
2.35
Volume
(Heavy Day)
Volume:
344,006

10-day average volume:
178,315
344,006

Plug Power stock rallies to nearly 15-year high after analyst calls Renault deal 'validating'

2:02 pm ET January 12, 2021 (MarketWatch)
Print

By Claudia Assis

A deal with French car maker Groupe Renault on Tuesday sent shares of Plug Power Inc. to their highest in nearly 15 years, with one analyst calling the potential joint venture "transformative" for the U.S. company.

Plug Power (PLUG) shares rose more than 14%, on track for their highest close since May 2006 and a six-day winning run, their longest streak since October.

The stock has gained 92% over the six-session stretch, and 1,377% in the past 12 months, compared with gains around 16% for the S&P 500 index. It is still a far cry, however, from a record closing high of $1,497.50 hit on March 2000.

Earlier Tuesday, Plug Power and Renault said they had signed a memorandum of understanding to launch a 50-50 joint venture in France (https://www.marketwatch.com/story/renault-says-it-will-create-french-venture-with-plug-power-2021-01-12)by the end of the first half of 2021.

The effort will combine the vehicle manufacturing capabilities of Renault with the fuel cell and hydrogen system manufacturing knowledge of Plug Power, and position the companies to become "key players" in the fuel-cell industry, the companies said.

"We see this as a validation of (Plug Power's) technical ability in both electrolyzers and fuel cells," analysts at Jefferies, led by Jeffrey Osborne, said in a note Tuesday. They reiterated their rating on Plug Power stock at their equivalent of buy and increased their price target to $73.50, from $50.

" We are impressed the company secured this win versus French vendors," they said. "This JV gives us further confidence in our revenue expectations for Plug Power, which we anticipate to be between ($200 million) and ($250 million) for the mobility part of the business in the 2024 timeframe."

"Momentum" for the stock continues, the Jefferies analysts said.

Plug Power shares rallied last week after the company announced a $1.5 billion investment from South Korea's SK Group (https://www.marketwatch.com/story/plug-power-stock-jumps-30-after-15-billion-investment-from-south-korea-2021-01-07) and the intention to form a joint venture with the company in Korea by next year.

Plug Power shares got another boost on Tuesday as analysts with Truist Securities started covering the stock at a buy rating and a $60 price target.

The analysts praised Plug Power's 973% gain last year and said that while it is "unlikely the shares repeat this move in 2021, we see (Plug Power) converting 'hydrogen hype' into concrete orders and profitability over the next three years, which we see driving further outperformance."

Of the 11 analysts covering Plug Power and surveyed by FactSet, only one rates it a hold, at 10 rate it a buy with an average price target of $46.59.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 12, 2021 14:02 ET (19:02 GMT)

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