Plug Power Inc. (NASDAQ:PLUG - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $1.35 and last traded at $1.36, with a volume of 29507183 shares traded. The stock had previously closed at $1.44.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on PLUG shares. StockNews.com raised shares of Plug Power to a "sell" rating in a report on Tuesday, March 4th. BMO Capital Markets dropped their price objective on shares of Plug Power from $1.60 to $1.40 and set an "underperform" rating on the stock in a research note on Wednesday, March 5th. B. Riley decreased their target price on Plug Power from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. HC Wainwright reiterated a "buy" rating and set a $3.00 price target on shares of Plug Power in a research report on Monday, March 24th. Finally, Seaport Res Ptn lowered Plug Power from a "hold" rating to a "strong sell" rating in a research report on Monday, January 27th. 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $2.31.
Get Our Latest Report on PLUG
Plug Power Stock Up 0.7 %
The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95. The firm has a market capitalization of $1.25 billion, a P/E ratio of -0.63 and a beta of 1.98. The firm's fifty day moving average price is $1.72 and its 200-day moving average price is $2.06.
Institutional Trading of Plug Power
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in 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 buying an additional 5,348 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Plug Power by 0.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 803,881 shares of the electronics maker's stock worth $1,817,000 after acquiring an additional 5,485 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its position in Plug Power by 12.8% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 49,000 shares of the electronics maker's stock worth $104,000 after acquiring an additional 5,550 shares during the period. Millburn Ridgefield Corp grew its stake in Plug Power by 79.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 12,681 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 5,631 shares in the last quarter. Finally, 49 Wealth Management LLC increased its holdings in shares of Plug Power by 25.0% in the 4th quarter. 49 Wealth Management LLC now owns 29,180 shares of the electronics maker's stock valued at $62,000 after purchasing an additional 5,834 shares during the period. 43.48% of the stock is currently owned by institutional investors.
About Plug Power
(
Get Free Report)
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
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