Xponance Inc. Has $122,000 Stock Position in Plug Power Inc. (NASDAQ:PLUG)

Xponance Inc. grew its holdings in Plug Power Inc. (NASDAQ:PLUG) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,264 shares of the electronics maker’s stock after purchasing an additional 8,313 shares during the quarter. Xponance Inc.’s holdings in Plug Power were worth $122,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Plug Power by 23.6% during the 3rd quarter. Geode Capital Management LLC now owns 19,194,629 shares of the electronics maker’s stock worth $43,388,000 after buying an additional 3,662,456 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Plug Power by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,452,369 shares of the electronics maker’s stock valued at $5,224,000 after purchasing an additional 183,438 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Plug Power by 24.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,421,222 shares of the electronics maker’s stock valued at $5,472,000 after purchasing an additional 476,060 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Plug Power by 5.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,929,676 shares of the electronics maker’s stock worth $4,361,000 after buying an additional 92,736 shares in the last quarter. Institutional investors own 43.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PLUG shares. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Plug Power in a research report on Monday, March 24th. Susquehanna cut their target price on shares of Plug Power from $2.50 to $1.80 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. 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 research note on Friday, March 21st. Piper Sandler decreased their price objective on shares of Plug Power from $1.40 to $1.10 and set an “underweight” rating for the company in a report on Wednesday, March 5th. Finally, Truist Financial lowered their price target on Plug Power from $2.00 to $1.50 and set a “hold” rating for the company in a report on Wednesday, March 5th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Plug Power currently has an average rating of “Hold” and an average target price of $2.31.

Plug Power Stock Performance

NASDAQ PLUG opened at $1.34 on Friday. 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 1 year low of $1.33 and a 1 year high of $4.90. The firm 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 current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

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.