Baader Bank Aktiengesellschaft Has $208,000 Position in Plug Power, Inc. $PLUG

Baader Bank Aktiengesellschaft lessened its holdings in Plug Power, Inc. (NASDAQ:PLUGFree Report) by 86.3% during the third quarter, Holdings Channel reports. The fund owned 89,477 shares of the electronics maker’s stock after selling 563,473 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Plug Power were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Yousif Capital Management LLC bought a new position in Plug Power during the third quarter worth $27,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Plug Power during the 3rd quarter worth about $30,000. Oak Thistle LLC acquired a new stake in shares of Plug Power during the 3rd quarter worth about $30,000. Simplicity Wealth LLC bought a new stake in shares of Plug Power during the 3rd quarter worth about $32,000. Finally, Bouvel Investment Partners LLC acquired a new position in Plug Power in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 43.48% of the company’s stock.

Key Plug Power News

Here are the key news stories impacting Plug Power this week:

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PLUG shares. TD Cowen cut shares of Plug Power from a “buy” rating to a “hold” rating in a report on Friday, January 9th. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 target price on shares of Plug Power in a research report on Monday, November 24th. Susquehanna dropped their price target on Plug Power from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Monday, November 17th. Wall Street Zen downgraded Plug Power from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, Canaccord Genuity Group set a $7.00 price objective on Plug Power in a report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.73.

Check Out Our Latest Research Report on Plug Power

Plug Power Price Performance

Shares of NASDAQ PLUG opened at $1.89 on Friday. The stock has a market capitalization of $2.63 billion, a PE ratio of -0.80 and a beta of 1.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 0.70. The business has a fifty day moving average price of $2.19 and a two-hundred day moving average price of $2.23. Plug Power, Inc. has a fifty-two week low of $0.69 and a fifty-two week high of $4.58.

Insiders Place Their Bets

In related news, insider Jose Luis Crespo purchased 37,300 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of $2.34 per share, with a total value of $87,282.00. Following the completion of the purchase, the insider directly owned 307,332 shares in the company, valued at $719,156.88. This trade represents a 13.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Benjamin Haycraft sold 40,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $2.20, for a total transaction of $88,000.00. Following the sale, the insider directly owned 373,809 shares of the company’s stock, valued at $822,379.80. This represents a 9.67% decrease in their position. The SEC filing for this sale provides additional information. 0.56% of the stock is currently owned by company insiders.

About Plug Power

(Free Report)

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.

Read More

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Institutional Ownership by Quarter for Plug Power (NASDAQ:PLUG)

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