Russell Investments Group Ltd. Increases Stake in Plug Power, Inc. $PLUG

Russell Investments Group Ltd. grew its holdings in Plug Power, Inc. (NASDAQ:PLUG - Free Report) by 553.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 710,470 shares of the electronics maker's stock after acquiring an additional 601,816 shares during the period. Russell Investments Group Ltd. owned 0.05% of Plug Power worth $1,925,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PLUG. Vanguard Group Inc. lifted its position in Plug Power by 18.2% during the fourth quarter. Vanguard Group Inc. now owns 129,599,295 shares of the electronics maker's stock valued at $255,311,000 after purchasing an additional 19,967,339 shares in the last quarter. California State Teachers Retirement System grew its holdings in Plug Power by 45.6% during the first quarter. California State Teachers Retirement System now owns 1,560,305 shares of the electronics maker's stock valued at $3,526,000 after purchasing an additional 488,883 shares during the period. Renaissance Technologies LLC increased its position in Plug Power by 97.4% in the first quarter. Renaissance Technologies LLC now owns 27,738,500 shares of the electronics maker's stock worth $62,689,000 after buying an additional 13,685,900 shares in the last quarter. Handelsbanken Fonder AB increased its position in Plug Power by 446.9% in the second quarter. Handelsbanken Fonder AB now owns 19,014,270 shares of the electronics maker's stock worth $51,529,000 after buying an additional 15,537,320 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Plug Power in the fourth quarter worth about $734,000. Institutional investors own 43.48% of the company's stock.

Plug Power News Roundup

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

• Positive Sentiment: Better revenue and margin performance: Plug Power reported second-quarter 2026 revenue of $178.3 million, up 2.5% year over year and ahead of the roughly $169 million consensus estimate. Its non-GAAP loss of $0.07 per share was in line with expectations, while gross margins improved toward breakeven. PLUG Q2 Deep Dive: Margin Gains and Cost Discipline, Guidance Raised
• Positive Sentiment: Higher outlook and better cash discipline: Management raised its full-year outlook and reduced cash usage, supporting the view that cost controls and operational improvements may be beginning to stabilize the business. An expanding global electrolyzer pipeline also provides a potential longer-term growth catalyst. Plug Power Charges Ahead: Margin Expansion Sparks a Rally
• Positive Sentiment: More favorable analyst forecasts: HC Wainwright reaffirmed its Buy rating and $7 price target while raising its Plug Power EPS estimates for 2026 through 2029. Its forecast moves from a $0.25 loss in 2026 to a $0.02 profit in 2029, reinforcing expectations for eventual profitability. HC Wainwright Reaffirms Buy Rating for Plug Power
• Neutral Sentiment: Trading activity may amplify volatility: Heavy short interest and unusually large call-option buying could accelerate a rally if bullish momentum continues, but these positioning factors can also lead to sharp reversals. Stock Traders Buy Large Volume of Plug Power Call Options
• Negative Sentiment: Valuation and profitability risks remain: Despite better sales trends, Plug Power remains deeply unprofitable, and its long-term shareholder returns have been weak. Analysts also caution that the stock may already reflect much of the improvement, making sustained execution and further margin gains important for the rally to continue. Plug Power Stock Looks Above Fair Value Despite Better Sales Trends

Plug Power Trading Up 0.9%

Shares of PLUG stock opened at $2.32 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.40 and a current ratio of 2.32. The stock has a fifty day simple moving average of $2.42 and a two-hundred day simple moving average of $2.59. The firm has a market capitalization of $3.24 billion, a PE ratio of -1.84 and a beta of 2.20. Plug Power, Inc. has a 52-week low of $1.41 and a 52-week high of $4.58.

Plug Power (NASDAQ:PLUG - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The electronics maker reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $169.11 million. Plug Power had a negative return on equity of 56.01% and a negative net margin of 220.59%.The firm's revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Plug Power, Inc. will post -0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. HC Wainwright reaffirmed a "buy" rating and set a $7.00 price objective on shares of Plug Power in a research report on Tuesday, August 11th. UBS Group reissued a "buy" rating and issued a $5.00 target price on shares of Plug Power in a report on Tuesday. Weiss Ratings cut shares of Plug Power from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, July 28th. B. Riley Financial lifted their price target on shares of Plug Power from $3.00 to $5.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Finally, BMO Capital Markets lifted their price target on shares of Plug Power from $1.00 to $1.20 and gave the company an "underperform" rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $3.59.

Plug Power Profile

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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