Handelsbanken Fonder AB Grows Position in Plug Power, Inc. $PLUG

Handelsbanken Fonder AB grew its position in Plug Power, Inc. (NASDAQ:PLUG) by 446.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,014,270 shares of the electronics maker’s stock after acquiring an additional 15,537,320 shares during the quarter. Handelsbanken Fonder AB’s holdings in Plug Power were worth $51,529,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Plug Power by 116.7% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 13,000 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 7,000 shares in the last quarter. Sender Co & Partners Inc. acquired a new position in Plug Power during the second quarter valued at approximately $26,000. DUTCH ASSET Corp purchased a new stake in Plug Power during the fourth quarter worth approximately $29,000. Independent Advisor Alliance purchased a new stake in Plug Power during the fourth quarter worth approximately $30,000. Finally, International Assets Investment Management LLC grew its stake in Plug Power by 53.6% during the fourth quarter. International Assets Investment Management LLC now owns 15,773 shares of the electronics maker’s stock worth $31,000 after buying an additional 5,503 shares during the period. Hedge funds and other institutional investors own 43.48% of the company’s stock.

Plug Power Trading Up 5.2%

NASDAQ:PLUG opened at $2.22 on Wednesday. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -1.76 and a beta of 2.20. Plug Power, Inc. has a one year low of $1.41 and a one year high of $4.58. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.40 and a current ratio of 2.36. The business’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $2.60.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data on Monday, August 10th. The electronics maker reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Plug Power had a negative return on equity of 49.54% and a negative net margin of 220.59%.The firm had revenue of $178.30 million during the quarter, compared to analyst estimates of $169.11 million. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Plug Power, Inc. will post -0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of Plug Power from $1.50 to $1.65 and gave the company an “underweight” rating in a research note on Thursday, July 9th. B. Riley Financial upped their price target on shares of Plug Power from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Susquehanna lowered their price target on Plug Power from $3.75 to $2.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Weiss Ratings lowered Plug Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 28th. Finally, HC Wainwright reissued a “buy” rating and issued a $7.00 price objective on shares of Plug Power in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Plug Power presently has an average rating of “Hold” and a consensus price target of $3.46.

Key Stories Impacting Plug Power

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

• Positive Sentiment: Q2 beat estimates: Plug Power reported approximately $178.3 million in revenue, ahead of analyst expectations near $169 million, while its adjusted loss of $0.07 per share was better than the $0.08 consensus estimate. Revenue rose 2.5% year over year. Plug Reports Revenue of $178 Million and Increases Guidance
• Positive Sentiment: Higher outlook and profitability target: Management raised its 2026 revenue-growth guidance to 15%–16%, implying approximately $816.4 million to $823.5 million in revenue, and maintained its target for positive EBITDA in the fourth quarter. Analysts characterized the update as evidence that the company may be approaching profitability. PLUG Q2 Earnings Call Centers on Margins and Higher Growth
• Positive Sentiment: Major margin improvement: Gross margin moved close to break-even, operating expenses declined sharply, and quarterly net cash usage fell to roughly $61 million. GenDrive deployments and higher-margin service revenue also improved, supporting the turnaround narrative. Plug Power Raises FY26 Outlook and Narrows Loss
• Positive Sentiment: Positive analyst and options activity: HC Wainwright reaffirmed a Buy rating with a $7 price target, while call-option activity was unusually elevated. This positioning may amplify gains if short sellers and bearish options traders cover positions.
• Neutral Sentiment: Long-term opportunity remains substantial: Plug Power points to an approximately $8 billion electrolyzer pipeline and project activity in the United Kingdom, Australia, Canada and Europe. These opportunities could support future growth, but many projects remain dependent on financing, construction and customer decisions.
• Negative Sentiment: Turnaround is incomplete: Plug Power remains loss-making, carries meaningful debt and continues to consume cash. The company is relying partly on asset monetization and restricted-cash releases to strengthen liquidity, creating execution and potential dilution risks.
• Negative Sentiment: Short-interest data is inconsistent: One report lists zero short interest, while another cites roughly 294 million shares sold short. Investors should treat any short-squeeze thesis cautiously until the figures are verified.

Plug Power Company 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.