80,586 Shares in Plug Power Inc. (NASDAQ:PLUG) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Plug Power Inc. (NASDAQ:PLUG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 80,586 shares of the electronics maker’s stock, valued at approximately $172,000.

Other large investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Plug Power by 53.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,410 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 5,348 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Plug Power by 0.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 803,881 shares of the electronics maker’s stock valued at $1,817,000 after acquiring an additional 5,485 shares during the period. Compagnie Lombard Odier SCmA grew its position in Plug Power by 12.8% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 49,000 shares of the electronics maker’s stock valued at $104,000 after purchasing an additional 5,550 shares during the period. Millburn Ridgefield Corp grew its holdings in shares of 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 buying an additional 5,631 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in 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 acquiring an additional 6,074 shares in the last quarter. Institutional investors own 43.48% of the company’s stock.

Plug Power Price Performance

Plug Power stock opened at $1.34 on Friday. The business’s 50 day simple moving average is $1.74 and its 200 day simple moving average is $2.06. Plug Power Inc. has a 12 month low of $1.33 and a 12 month high of $4.90. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -0.63 and a beta of 1.98. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group decreased their price objective on Plug Power from $2.50 to $1.75 and set a “neutral” rating for the company in a report on Friday, March 21st. Piper Sandler lowered their price target on Plug Power from $1.40 to $1.10 and set an “underweight” rating for the company in a research report on Wednesday, March 5th. Canaccord Genuity Group cut their price objective on shares of Plug Power from $2.00 to $1.25 and set a “hold” rating on the stock in a report on Wednesday, March 5th. B. Riley lowered their target price on shares of Plug Power from $4.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, 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. Six 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.31.

About Plug Power

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.