6 days Ago By ABMN Staff
Geode Capital Management LLC raised its stake in shares of Plug Power Inc. ( NASDAQ:PLUG – Free Report ) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 19,917,268 shares of the electronics maker’s stock after acquiring an additional 722,639 shares during the period. Geode Capital Management LLC’s holdings in Plug Power were worth $42,434,000 as of its most recent SEC filing. A number of other hedge funds have also recently bought and sold shares of PLUG.
Alliancebernstein L.P. lifted its position in shares of Plug Power by 2.
3% during the fourth quarter. Alliancebernstein L.P.
now owns 881,094 shares of the electronics maker’s stock valued at $1,877,000 after purchasing an additional 19,821 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Plug Power in the 4th quarter valued at about $58,000. Pictet Asset Management Holding SA lifted its position in shares of Plug Power by 45.
6% during the 4th quarter. Pictet Asset Management Holding SA now owns 116,210 shares of the electronics maker’s stock worth $248,000 after buying an additional 36,408 shares in the last quarter. Duff & Phelps Investment Management Co.
boosted its stake in shares of Plug Power by 111.0% in the 4th quarter. Duff & Phelps Investment Management Co.
now owns 158,576 shares of the electronics maker’s stock worth $338,000 after buying an additional 83,416 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Plug Power in the fourth quarter valued at approximately $146,465,000. 43.
48% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes PLUG has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped their price target on Plug Power from $2.
00 to $1.25 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Seaport Res Ptn downgraded shares of Plug Power from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th.
HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of Plug Power in a research report on Monday, March 24th. UBS Group lowered their price objective on shares of Plug Power from $2.
50 to $1.75 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Finally, StockNews.
com raised shares of Plug Power to a “sell” rating in a research report on Tuesday, March 4th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat.
com, the company has a consensus rating of “Hold” and a consensus price target of $2.29. Plug Power Price Performance Shares of NASDAQ PLUG opened at $1.
06 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.
95 and a current ratio of 2.08. Plug Power Inc.
has a fifty-two week low of $1.05 and a fifty-two week high of $4.90.
The stock has a market cap of $980.69 million, a PE ratio of -0.50 and a beta of 2.
07. The stock has a fifty day moving average of $1.53 and a 200-day moving average of $1.
98. About Plug Power ( Free Report ) Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.
Read More Want to see what other hedge funds are holding PLUG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Plug Power Inc. ( NASDAQ:PLUG – Free Report ).
Receive News & Ratings for Plug Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plug Power and related companies with MarketBeat.com's FREE daily email newsletter ..
