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

Baader Bank Aktiengesellschaft cut its stake in Plug Power, Inc. (NASDAQ:PLUGFree Report) by 86.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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.

Other hedge funds have also modified their holdings of the company. Legal & General Group Plc grew its holdings in shares of Plug Power by 59.9% in the 2nd quarter. Legal & General Group Plc now owns 16,980,865 shares of the electronics maker’s stock valued at $25,301,000 after buying an additional 6,364,483 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Plug Power by 365,934.4% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,795,777 shares of the electronics maker’s stock worth $5,656,000 after buying an additional 3,794,740 shares during the period. Geode Capital Management LLC lifted its holdings in Plug Power by 14.9% during the second quarter. Geode Capital Management LLC now owns 24,071,904 shares of the electronics maker’s stock worth $35,872,000 after acquiring an additional 3,125,542 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Plug Power during the second quarter worth about $153,000. Finally, KBC Group NV grew its stake in Plug Power by 153.6% in the second quarter. KBC Group NV now owns 353,917 shares of the electronics maker’s stock valued at $527,000 after acquiring an additional 214,342 shares during the period. 43.48% of the stock is owned by institutional investors.

Insider Transactions at Plug Power

In other news, insider Benjamin Haycraft sold 40,000 shares of Plug Power stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $2.20, for a total value of $88,000.00. Following the completion of the transaction, the insider owned 373,809 shares of the company’s stock, valued at $822,379.80. This trade represents a 9.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jose Luis Crespo bought 37,300 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was purchased at an average cost of $2.34 per share, for a total transaction of $87,282.00. Following the completion of the acquisition, the insider owned 307,332 shares in the company, valued at $719,156.88. This trade represents a 13.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

PLUG has been the topic of a number of research analyst reports. Susquehanna dropped their price target on Plug Power from $3.50 to $2.50 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Wall Street Zen cut Plug Power from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. TD Cowen downgraded shares of Plug Power from a “buy” rating to a “hold” rating in a report on Friday, January 9th. Clear Str raised shares of Plug Power from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Plug Power in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Plug Power presently has a consensus rating of “Hold” and a consensus price target of $2.73.

View Our Latest Report on PLUG

Key Headlines Impacting Plug Power

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

Plug Power Trading Up 3.8%

Shares of Plug Power stock opened at $1.89 on Friday. The stock has a market cap of $2.63 billion, a P/E ratio of -0.80 and a beta of 1.87. The company has a quick ratio of 0.70, a current ratio of 1.32 and a debt-to-equity ratio of 0.24. Plug Power, Inc. has a 12-month low of $0.69 and a 12-month high of $4.58. The business’s 50 day moving average is $2.19 and its 200-day moving average is $2.23.

Plug Power Company Profile

(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.

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

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