Plug Power Inc. (NASDAQ:PLUG - Get Free Report) shot up 3.3% during trading on Thursday . The stock traded as high as $1.72 and last traded at $1.71. 14,453,743 shares traded hands during trading, a decline of 79% from the average session volume of 70,357,977 shares. The stock had previously closed at $1.65.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group lowered their target price on Plug Power from $2.50 to $2.25 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. BTIG Research downgraded shares of Plug Power from a "buy" rating to a "neutral" rating in a report on Thursday, November 14th. HC Wainwright reiterated a "buy" rating and set a $18.00 price objective on shares of Plug Power in a report on Wednesday, November 13th. StockNews.com upgraded shares of Plug Power to a "sell" rating in a report on Monday, February 10th. Finally, Piper Sandler cut their price target on Plug Power from $1.60 to $1.40 and set an "underweight" rating for the company in a research note on Thursday, November 14th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.12.
View Our Latest Analysis on PLUG
Plug Power Trading Up 2.8 %
The stock has a market capitalization of $1.65 billion, a PE ratio of -0.85 and a beta of 1.79. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $2.25 and a 200-day moving average price of $2.14.
Institutional Trading of Plug Power
A number of large investors have recently added to or reduced their stakes in PLUG. GTS Securities LLC grew its position in shares of Plug Power by 150.0% during the 4th quarter. GTS Securities LLC now owns 18,750 shares of the electronics maker's stock valued at $40,000 after acquiring an additional 56,255 shares during the period. 49 Wealth Management LLC lifted its stake in Plug Power by 25.0% in the fourth 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Plug Power by 19.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,309,399 shares of the electronics maker's stock valued at $4,919,000 after purchasing an additional 379,723 shares during the period. Vident Advisory LLC purchased a new stake in Plug Power in the fourth quarter worth $158,000. Finally, Wexford Capital LP purchased a new stake in Plug Power in the fourth quarter worth $89,000. Hedge funds and other institutional investors own 43.48% of the company's stock.
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.
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