Sigma Planning Corp decreased its position in shares of Plug Power Inc. (NASDAQ:PLUG – Free Report) by 22.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,041 shares of the electronics maker’s stock after selling 4,835 shares during the quarter. Sigma Planning Corp’s holdings in Plug Power were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Handelsbanken Fonder AB boosted its stake in Plug Power by 0.5% during the 4th quarter. Handelsbanken Fonder AB now owns 2,884,635 shares of the electronics maker’s stock worth $12,981,000 after purchasing an additional 14,500 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of Plug Power in the 4th quarter valued at approximately $60,000. Cerity Partners LLC acquired a new position in shares of Plug Power in the fourth quarter valued at approximately $755,000. HC Advisors LLC lifted its holdings in shares of Plug Power by 1.6% during the fourth quarter. HC Advisors LLC now owns 310,200 shares of the electronics maker’s stock worth $1,396,000 after purchasing an additional 5,000 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Plug Power by 11.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,763,234 shares of the electronics maker’s stock valued at $12,435,000 after buying an additional 276,626 shares during the period. 43.48% of the stock is owned by institutional investors and hedge funds.
Plug Power Stock Performance
PLUG opened at $2.40 on Tuesday. Plug Power Inc. has a 12 month low of $2.25 and a 12 month high of $13.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.86 and a current ratio of 1.85. The business has a 50-day moving average of $3.22 and a two-hundred day moving average of $4.07.
Analyst Ratings Changes
Several brokerages have recently weighed in on PLUG. Marathon Capitl reaffirmed an “equal weight” rating on shares of Plug Power in a report on Tuesday, March 26th. B. Riley reduced their price target on Plug Power from $18.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Roth Capital raised Plug Power from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Canaccord Genuity Group lowered their price target on shares of Plug Power from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Monday, March 4th. Finally, HSBC decreased their price objective on shares of Plug Power from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.05.
Read Our Latest Research Report on Plug Power
Plug Power Company 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.
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