Baader Bank Aktiengesellschaft Has $973,000 Stock Holdings in Plug Power, Inc. $PLUG

Key Points

• Baader Bank Aktiengesellschaft significantly increased its position in Plug Power, acquiring 632,117 additional shares, raising its total to 652,950 shares, which is a growth of 3,034.2% during the second quarter.
• Plug Power reported a (0.16) EPS for the recent quarter, missing estimates but achieving revenue of $173.97 million, exceeding expectations.
• Equity analysts have set a consensus target price of $1.88 for Plug Power, with varied ratings including four Buy, seven Hold, and five Sell ratings.

Baader Bank Aktiengesellschaft raised its position in shares of Plug Power, Inc. (NASDAQ:PLUG - Free Report) by 3,034.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 652,950 shares of the electronics maker's stock after purchasing an additional 632,117 shares during the quarter. Baader Bank Aktiengesellschaft owned about 0.06% of Plug Power worth $973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sovran Advisors LLC lifted its position in shares of Plug Power by 61.7% during the 2nd quarter. Sovran Advisors LLC now owns 114,998 shares of the electronics maker's stock valued at $163,000 after acquiring an additional 43,871 shares during the last quarter. Swedbank AB lifted its position in shares of Plug Power by 16.5% during the 1st quarter. Swedbank AB now owns 274,066 shares of the electronics maker's stock valued at $370,000 after acquiring an additional 38,833 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Plug Power during the 1st quarter valued at $37,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Plug Power by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,607,153 shares of the electronics maker's stock valued at $3,520,000 after acquiring an additional 297,754 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Plug Power by 27.1% during the 1st quarter. Advisors Asset Management Inc. now owns 258,801 shares of the electronics maker's stock valued at $349,000 after acquiring an additional 55,145 shares during the last quarter. 43.48% of the stock is owned by institutional investors.

Plug Power Stock Up 21.6%

Shares of PLUG traded up $0.47 during mid-day trading on Monday, reaching $2.65. The company's stock had a trading volume of 208,070,580 shares, compared to its average volume of 56,217,480. The business has a fifty day moving average of $1.64 and a 200 day moving average of $1.32. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -1.15 and a beta of 2.09. Plug Power, Inc. has a 1 year low of $0.69 and a 1 year high of $3.32. The company has a quick ratio of 0.82, a current ratio of 1.59 and a debt-to-equity ratio of 0.22.

Plug Power (NASDAQ:PLUG - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The electronics maker reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). Plug Power had a negative return on equity of 90.22% and a negative net margin of 292.84%.The company had revenue of $173.97 million during the quarter, compared to analyst estimates of $157.97 million. As a group, analysts forecast that Plug Power, Inc. will post -1.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Plug Power from $1.00 to $1.50 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Susquehanna increased their price objective on Plug Power from $1.00 to $1.80 and gave the company a "neutral" rating in a research report on Monday, July 21st. Jefferies Financial Group increased their price objective on Plug Power from $0.90 to $1.60 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. BMO Capital Markets cut their price objective on Plug Power from $1.10 to $1.00 and set an "underperform" rating for the company in a research report on Tuesday, August 12th. Finally, Evercore ISI upgraded Plug Power to a "strong sell" rating in a research report on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, Plug Power currently has a consensus rating of "Reduce" and a consensus target price of $1.88.

Plug Power 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.