Plug Power Inc. (NASDAQ:PLUG) Shares Bought by PFG Investments LLC

PFG Investments LLC boosted its holdings in shares of Plug Power Inc. (NASDAQ:PLUG) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 467,836 shares of the electronics maker’s stock after acquiring an additional 67,251 shares during the period. PFG Investments LLC owned about 0.05% of Plug Power worth $996,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in Plug Power by 23.6% during the third quarter. Geode Capital Management LLC now owns 19,194,629 shares of the electronics maker’s stock worth $43,388,000 after purchasing an additional 3,662,456 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Plug Power by 25.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,637,039 shares of the electronics maker’s stock worth $15,000,000 after purchasing an additional 1,354,500 shares during the last quarter. Vontobel Holding Ltd. increased its position in Plug Power by 44.3% during the third quarter. Vontobel Holding Ltd. now owns 3,426,354 shares of the electronics maker’s stock worth $7,744,000 after purchasing an additional 1,051,400 shares during the last quarter. XTX Topco Ltd acquired a new position in Plug Power during the third quarter worth approximately $2,174,000. Finally, Van ECK Associates Corp increased its position in Plug Power by 23.6% during the third quarter. Van ECK Associates Corp now owns 4,232,001 shares of the electronics maker’s stock worth $8,803,000 after purchasing an additional 809,187 shares during the last quarter. Institutional investors and hedge funds own 43.48% of the company’s stock.

Plug Power Stock Up 0.5 %

PLUG opened at $1.96 on Wednesday. The firm’s 50-day simple moving average is $2.36 and its 200-day simple moving average is $2.22. 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 twelve month low of $1.60 and a twelve month high of $5.14. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -0.92 and a beta of 1.79.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Tuesday, November 12th. The electronics maker reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.01). The company had revenue of $173.70 million for the quarter, compared to analyst estimates of $207.25 million. Plug Power had a negative return on equity of 46.99% and a negative net margin of 214.05%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.47) EPS. Equities research analysts anticipate that Plug Power Inc. will post -1.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on PLUG. Craig Hallum dropped their price target on shares of Plug Power from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Susquehanna boosted their price objective on shares of Plug Power from $2.00 to $2.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Canaccord Genuity Group decreased their price objective on shares of Plug Power from $2.50 to $2.25 and set a “hold” rating for the company in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Plug Power to a “sell” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI decreased their price objective on shares of Plug Power from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.46.

Plug Power Profile

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.