4,000 Shares in Plug Power Inc. (NASDAQ:PLUG) Purchased by FinTrust Capital Advisors LLC
FinTrust Capital Advisors LLC acquired a new position in Plug Power Inc. (NASDAQ:PLUG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,000 shares of the electronics maker’s stock, valued at approximately $54,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in PLUG. Proffitt & Goodson Inc. purchased a new stake in Plug Power in the 3rd quarter worth about $25,000. Clear Harbor Asset Management LLC purchased a new stake in Plug Power in the 3rd quarter worth about $27,000. Creative Financial Designs Inc. ADV increased its holdings in Plug Power by 106.8% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 4,550 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 2,350 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Plug Power in the 2nd quarter worth about $38,000. Finally, Petix & Botte Co purchased a new stake in Plug Power in the 2nd quarter worth about $41,000. 44.56% of the stock is owned by institutional investors.
Several brokerages recently weighed in on PLUG. Barclays lifted their price objective on Plug Power from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. B. Riley lifted their target price on Plug Power from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 10th. Oppenheimer lifted their target price on Plug Power from $13.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, November 10th. Zacks Investment Research lowered Plug Power from a “buy” rating to a “hold” rating in a report on Tuesday, November 10th. Finally, HC Wainwright lifted their target price on Plug Power from $14.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 10th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Plug Power currently has a consensus rating of “Buy” and a consensus target price of $22.13.
Shares of NASDAQ PLUG opened at $24.36 on Friday. Plug Power Inc. has a 12 month low of $2.53 and a 12 month high of $25.49. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of -78.58 and a beta of 1.31. The business has a 50-day moving average of $17.65 and a 200-day moving average of $10.81.
Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data on Monday, November 9th. The electronics maker reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.04). Plug Power had a negative return on equity of 70.36% and a negative net margin of 33.33%. The business had revenue of $107.00 million for the quarter, compared to analysts’ expectations of $105.76 million. During the same period in the previous year, the firm posted ($0.09) EPS. The firm’s revenue for the quarter was up 89.4% compared to the same quarter last year. On average, analysts predict that Plug Power Inc. will post -0.27 earnings per share for the current year.
About Plug Power
Plug Power Inc provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.
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