Savant Capital LLC bought a new stake in shares of Plug Power Inc. (NASDAQ:PLUG – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,382 shares of the electronics maker’s stock, valued at approximately $31,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PLUG. Creative Planning lifted its position in shares of Plug Power by 35.9% during the 3rd quarter. Creative Planning now owns 115,614 shares of the electronics maker’s stock valued at $261,000 after buying an additional 30,552 shares in the last quarter. Signaturefd LLC lifted its position in shares of Plug Power by 119.3% during the 3rd quarter. Signaturefd LLC now owns 19,028 shares of the electronics maker’s stock valued at $43,000 after buying an additional 10,352 shares in the last quarter. Eastern Bank purchased a new position in shares of Plug Power during the 3rd quarter valued at approximately $53,000. Private Advisor Group LLC lifted its position in shares of Plug Power by 53.2% during the 3rd quarter. Private Advisor Group LLC now owns 65,594 shares of the electronics maker’s stock valued at $148,000 after buying an additional 22,770 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Plug Power by 135.7% during the 3rd quarter. International Assets Investment Management LLC now owns 23,201 shares of the electronics maker’s stock valued at $52,000 after buying an additional 13,357 shares in the last quarter. Hedge funds and other institutional investors own 43.48% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on PLUG. Craig Hallum decreased their target price on Plug Power from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Susquehanna raised their price objective on Plug Power from $2.00 to $2.50 and gave the company a “neutral” rating in a report on Thursday, January 16th. Canaccord Genuity Group decreased their price objective on Plug Power from $2.50 to $2.25 and set a “hold” rating on the stock in a report on Wednesday, November 13th. BTIG Research lowered Plug Power from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, Piper Sandler decreased their price objective on Plug Power from $1.60 to $1.40 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.12.
Plug Power Stock Down 2.2 %
Shares of PLUG opened at $1.77 on Thursday. Plug Power Inc. has a 52-week low of $1.57 and a 52-week high of $4.90. The company has a market capitalization of $1.61 billion, a PE ratio of -0.83 and a beta of 1.79. The stock has a fifty day simple moving average of $2.23 and a two-hundred day simple moving average of $2.13. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15.
Plug Power Company 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.
Further Reading
- Five stocks we like better than Plug Power
- Compound Interest and Why It Matters When Investing
- Nebius Group: NVIDIA’s Investment Sparks All-Time Highs
- Best Stocks Under $10.00
- SoFi Stock Rallying Strong in the Last 5 Days—What’s Driving It?
- Using the MarketBeat Dividend Tax Calculator
- Intel Surges on M&A Talks: Rally Beginning or Just a Headfake?
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.