Plug Power, Inc. $PLUG Shares Bought by XTX Topco Ltd

XTX Topco Ltd increased its position in Plug Power, Inc. (NASDAQ:PLUG) by 356.0% during the second quarter, Holdings Channel reports. The fund owned 1,624,534 shares of the electronics maker’s stock after purchasing an additional 1,268,274 shares during the quarter. XTX Topco Ltd’s holdings in Plug Power were worth $2,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft acquired a new position in Plug Power during the 1st quarter valued at about $28,000. O ROURKE & COMPANY Inc acquired a new stake in shares of Plug Power in the second quarter valued at approximately $30,000. Abel Hall LLC bought a new stake in shares of Plug Power during the second quarter valued at approximately $30,000. Obermeyer Wealth Partners raised its holdings in shares of Plug Power by 100.0% during the second quarter. Obermeyer Wealth Partners now owns 20,000 shares of the electronics maker’s stock valued at $30,000 after buying an additional 10,000 shares during the last quarter. Finally, Freedom Investment Management Inc. acquired a new position in shares of Plug Power during the second quarter worth approximately $32,000. 43.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Plug Power

In related news, EVP Benjamin Haycraft sold 10,000 shares of Plug Power stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $2.92, for a total value of $29,200.00. Following the transaction, the executive vice president owned 467,583 shares of the company’s stock, valued at approximately $1,365,342.36. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PLUG has been the topic of several analyst reports. HSBC set a $4.40 target price on Plug Power in a research report on Thursday, October 9th. Cowen reissued a “buy” rating on shares of Plug Power in a research note on Wednesday, November 19th. HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of Plug Power in a research note on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Plug Power in a report on Wednesday, October 8th. Finally, Susquehanna lowered their target price on shares of Plug Power from $3.50 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Plug Power presently has a consensus rating of “Hold” and an average price target of $2.80.

Plug Power Stock Up 1.5%

PLUG stock opened at $1.98 on Thursday. The firm has a market cap of $2.76 billion, a PE ratio of -0.86 and a beta of 2.28. Plug Power, Inc. has a 12 month low of $0.69 and a 12 month high of $4.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.59 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $2.78 and a 200 day simple moving average of $1.86.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Monday, November 10th. The electronics maker reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. The company had revenue of $177.06 million during the quarter, compared to the consensus estimate of $185.41 million. Plug Power had a negative return on equity of 90.22% and a negative net margin of 292.84%. Plug Power has set its FY 2025 guidance at EPS. Equities research analysts forecast that Plug Power, Inc. will post -1.21 earnings per share for the current fiscal year.

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.