The company has a debt-to-equity ratio of 0.14, a current ratio of 3.16 and a quick ratio of 2.07. The business’s 50 day moving average price is $8.68 and its 200-day moving average price is $9.45. Institutional investors own 49.99% of the company’s stock. Finally, Prudential PLC bought a new position in shares of Plug Power in the first quarter valued at approximately $248,000. IL now owns 8,328 shares of the electronics maker’s stock valued at $238,000 after acquiring an additional 934 shares during the last quarter. IL raised its stake in shares of Plug Power by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,250,478 shares of the electronics maker’s stock valued at $35,771,000 after acquiring an additional 320,262 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Plug Power by 34.4% in the first quarter. MetLife Investment Management LLC bought a new position in shares of Plug Power in the first quarter valued at approximately $947,000. US Bancorp DE now owns 11,362 shares of the electronics maker’s stock worth $324,000 after purchasing an additional 833 shares during the period. US Bancorp DE lifted its stake in Plug Power by 7.9% during the first quarter. Institutional Inflows and OutflowsĪ number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLUG. Corporate insiders own 1.60% of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Following the completion of the transaction, the insider now owns 250,609 shares in the company, valued at $1,804,384.80. The shares were sold at an average price of $7.20, for a total transaction of $230,097.60. In other Plug Power news, insider Jose Luis Crespo sold 31,958 shares of the firm’s stock in a transaction dated Monday, October 2nd. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.61. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Finally, Northland Securities raised Plug Power from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Friday, July 14th. Riley lowered their price target on Plug Power from $26.00 to $18.00 in a research report on Tuesday, June 27th. ![]() Roth Capital downgraded Plug Power from a “buy” rating to a “neutral” rating in a research report on Thursday, August 10th. Piper Sandler raised their price target on Plug Power from $8.00 to $9.00 in a research report on Tuesday, July 18th. Morgan Stanley cut their target price on Plug Power from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, August 31st. Several other research firms have also weighed in on PLUG. Plug Power shares last traded at $6.33, with a volume of 2,415,920 shares traded. currently has an overweight rating on the stock. The stock had previously closed at $6.40, but opened at $6.22. lowered their price target on the stock from $14.00 to $12.00. ![]() ( NASDAQ:PLUG – Get Free Report)’s stock price gapped down before the market opened on Friday after JPMorgan Chase & Co.
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