Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of Plug Power Inc. (NASDAQ:PLUG - Free Report) by 29.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,229,022 shares of the electronics maker's stock after selling 506,920 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.13% of Plug Power worth $2,655,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in Plug Power in the 3rd quarter valued at $206,000. Kieckhefer Group LLC acquired a new stake in shares of Plug Power in the fourth quarter valued at $138,000. Arkadios Wealth Advisors raised its holdings in shares of Plug Power by 88.0% in the fourth quarter. Arkadios Wealth Advisors now owns 62,082 shares of the electronics maker's stock valued at $132,000 after buying an additional 29,062 shares during the last quarter. ACT Wealth Management LLC lifted its position in Plug Power by 71.4% during the 4th quarter. ACT Wealth Management LLC now owns 24,000 shares of the electronics maker's stock worth $51,000 after buying an additional 10,000 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC bought a new stake in Plug Power during the 4th quarter worth about $79,000. Institutional investors and hedge funds own 43.48% of the company's stock.
Analyst Ratings Changes
Several research firms have recently commented on PLUG. Canaccord Genuity Group decreased their price target on shares of Plug Power from $2.00 to $1.25 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. HC Wainwright reiterated a "buy" rating and issued a $3.00 price objective on shares of Plug Power in a research report on Monday, March 24th. Truist Financial cut their target price on shares of Plug Power from $2.00 to $1.50 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. BMO Capital Markets dropped their price target on shares of Plug Power from $1.60 to $1.40 and set an "underperform" rating for the company in a research note on Wednesday, March 5th. Finally, Susquehanna reduced their price objective on shares of Plug Power from $1.80 to $1.25 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Plug Power has a consensus rating of "Hold" and an average price target of $2.29.
Read Our Latest Stock Analysis on Plug Power
Plug Power Stock Down 2.4 %
PLUG stock traded down $0.02 during mid-day trading on Thursday, hitting $0.85. 118,394,302 shares of the company were exchanged, compared to its average volume of 54,251,238. The firm's 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.89. Plug Power Inc. has a 1-year low of $0.76 and a 1-year high of $4.90. The firm has a market cap of $787.97 million, a P/E ratio of -0.40 and a beta of 2.07. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 2.08.
Plug Power Company Profile
(
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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