PFG Investments LLC Acquires 67,251 Shares of Plug Power Inc. (NASDAQ:PLUG)

PFG Investments LLC increased its holdings in shares of Plug Power Inc. (NASDAQ:PLUG) by 16.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 467,836 shares of the electronics maker’s stock after purchasing an additional 67,251 shares during the quarter. PFG Investments LLC’s holdings in Plug Power were worth $996,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Profund Advisors LLC bought a new position in shares of Plug Power during the 2nd quarter worth approximately $29,000. Prio Wealth Limited Partnership bought a new position in shares of Plug Power during the 3rd quarter worth approximately $29,000. Catalyst Capital Advisors LLC grew its stake in shares of Plug Power by 79.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 5,631 shares in the last quarter. First Commonwealth Financial Corp PA bought a new position in shares of Plug Power during the 3rd quarter worth approximately $29,000. Finally, Millburn Ridgefield Corp grew its stake in shares of Plug Power by 79.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 12,681 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 5,631 shares in the last quarter. 43.48% of the stock is owned by institutional investors.

Plug Power Stock Up 0.5 %

PLUG opened at $1.96 on Wednesday. Plug Power Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $5.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 2.08. The company has a market capitalization of $1.79 billion, a P/E ratio of -0.92 and a beta of 1.79. The stock has a fifty day moving average of $2.36 and a 200-day moving average of $2.22.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Tuesday, November 12th. The electronics maker reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). Plug Power had a negative return on equity of 46.99% and a negative net margin of 214.05%. The company had revenue of $173.70 million during the quarter, compared to the consensus estimate of $207.25 million. During the same quarter in the previous year, the business posted ($0.47) EPS. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. On average, equities analysts expect that Plug Power Inc. will post -1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLUG. Seaport Res Ptn cut shares of Plug Power from a “hold” rating to a “strong sell” rating in a research note on Monday. Jefferies Financial Group cut their price objective on Plug Power from $2.20 to $2.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Craig Hallum cut their price objective on Plug Power from $4.00 to $3.00 and set a “buy” rating for the company in a report on Thursday, November 14th. BTIG Research downgraded Plug Power from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, StockNews.com raised Plug Power to a “sell” rating in a report on Wednesday, January 22nd. Five analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.46.

About Plug Power

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.