2 weeks Ago By Defense World Staff
Xponance Inc. boosted its stake in Plug Power Inc. (NASDAQ:PLUG – Free Report) by 17.
0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,264 shares of the electronics maker’s stock after buying an additional 8,313 shares during the quarter. Xponance Inc.
’s holdings in Plug Power were worth $122,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also modified their holdings of the stock. Pacific Sage Partners LLC purchased a new stake in shares of Plug Power during the fourth quarter worth $25,000.
Oppenheimer & Co. Inc. acquired a new stake in shares of Plug Power during the 4th quarter valued at about $25,000.
Jones Financial Companies Lllp grew its stake in shares of Plug Power by 107.4% in the 4th quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock valued at $25,000 after buying an additional 6,074 shares in the last quarter.
Callan Family Office LLC acquired a new position in Plug Power in the fourth quarter worth approximately $27,000. Finally, Millburn Ridgefield Corp raised its position in Plug Power by 79.9% during the third quarter.
Millburn Ridgefield Corp now owns 12,681 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 5,631 shares in the last quarter. 43.48% of the stock is currently owned by hedge funds and other institutional investors.
Plug Power Stock Down 6.9 %PLUG opened at $1.34 on Friday.
The company has a market capitalization of $1.24 billion, a P/E ratio of -0.63 and a beta of 1.
98. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.
08 and a quick ratio of 0.95. The firm’s fifty day moving average price is $1.
74 and its two-hundred day moving average price is $2.06. Plug Power Inc.
has a fifty-two week low of $1.33 and a fifty-two week high of $4.90.
Analyst Ratings ChangesA number of research analysts have recently weighed in on the stock. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of Plug Power in a report on Monday, March 24th.
Susquehanna cut their target price on Plug Power from $2.50 to $1.80 and set a “neutral” rating on the stock in a report on Wednesday, March 5th.
Seaport Res Ptn downgraded Plug Power from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Piper Sandler cut their price objective on Plug Power from $1.40 to $1.
10 and set an “underweight” rating on the stock in a research note on Wednesday, March 5th. Finally, Truist Financial decreased their target price on Plug Power from $2.00 to $1.
50 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.
com, the company has an average rating of “Hold” and an average price target of $2.31.View Our Latest Stock Report on Plug PowerPlug Power Company Profile (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.Featured StoriesFive stocks we like better than Plug PowerBest Aerospace Stocks Investing MarketBeat Week in Review – 03/24 – 03/28The 3 Best Fintech Stocks to Buy NowShould You Buy UPS Stock Now? Deep Dive Into Its 5-Year LowThe Top 3 Healthcare Dividend Stocks to Buy and Hold4 Healthcare Stocks With Massive Gains—and More to ComeWant 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)..
