Zurcher Kantonalbank Zurich Cantonalbank Acquires 604,068 Shares of Plug Power Inc. (NASDAQ:PLUG)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Plug Power Inc. (NASDAQ:PLUGFree Report) by 75.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,407,949 shares of the electronics maker’s stock after buying an additional 604,068 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.15% of Plug Power worth $2,999,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PLUG. Pacific Sage Partners LLC bought a new stake in shares of Plug Power during the fourth quarter valued at approximately $25,000. Oppenheimer & Co. Inc. bought a new stake in shares of Plug Power during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its position in shares of Plug Power by 107.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 6,074 shares during the period. Callan Family Office LLC bought a new stake in shares of Plug Power during the fourth quarter valued at approximately $27,000. Finally, First Commonwealth Financial Corp PA bought a new stake in shares of Plug Power during the third quarter valued at approximately $29,000. 43.48% of the stock is owned by institutional investors.

Plug Power Trading Up 0.6 %

Shares of PLUG opened at $1.66 on Friday. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. Plug Power Inc. has a 12-month low of $1.37 and a 12-month high of $4.90. The firm has a market capitalization of $1.54 billion, a PE ratio of -0.78 and a beta of 1.98. The stock’s fifty day simple moving average is $1.99 and its 200-day simple moving average is $2.08.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. B. Riley lowered their price objective on Plug Power from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley lowered their price objective on Plug Power from $1.75 to $1.60 and set an “underweight” rating on the stock in a research report on Thursday, March 6th. StockNews.com upgraded Plug Power to a “sell” rating in a research report on Tuesday, March 4th. Piper Sandler lowered their price target on Plug Power from $1.40 to $1.10 and set an “underweight” rating on the stock in a research report on Wednesday, March 5th. Finally, BMO Capital Markets lowered their price target on Plug Power from $1.60 to $1.40 and set an “underperform” rating on the stock in a research report on Wednesday, March 5th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.34.

Check Out Our Latest Analysis on PLUG

About Plug Power

(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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Institutional Ownership by Quarter for Plug Power (NASDAQ:PLUG)

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