198,223 Shares in Plug Power Inc. (NASDAQ:PLUG) Purchased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can purchased a new position in shares of Plug Power Inc. (NASDAQ:PLUG – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 198,223 shares of the electronics maker’s stock, valued at approximately $4,160,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its position in Plug Power by 2.6% during the first quarter. State Street Corp now owns 13,677,472 shares of the electronics maker’s stock worth $391,312,000 after acquiring an additional 348,875 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Plug Power by 24.1% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 13,421,127 shares of the electronics maker’s stock valued at $222,388,000 after purchasing an additional 2,607,500 shares during the last quarter. Legal & General Group Plc boosted its holdings in Plug Power by 15.2% in the 2nd quarter. Legal & General Group Plc now owns 4,162,711 shares of the electronics maker’s stock valued at $68,977,000 after purchasing an additional 548,973 shares during the last quarter. First Trust Advisors LP boosted its holdings in Plug Power by 14.3% in the 1st quarter. First Trust Advisors LP now owns 3,968,391 shares of the electronics maker’s stock valued at $113,536,000 after purchasing an additional 495,702 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Plug Power by 1.8% in the 1st quarter. Northern Trust Corp now owns 3,314,593 shares of the electronics maker’s stock valued at $94,831,000 after purchasing an additional 58,174 shares during the last quarter. 52.07% of the stock is currently owned by institutional investors and hedge funds.

Plug Power Trading Up 3.9 %

Shares of NASDAQ:PLUG opened at $15.90 on Monday. Plug Power Inc. has a 52 week low of $11.49 and a 52 week high of $32.05. The company’s 50 day moving average is $14.54 and its two-hundred day moving average is $19.40. The company has a current ratio of 6.09, a quick ratio of 5.23 and a debt-to-equity ratio of 0.13. The company has a market cap of $9.27 billion, a PE ratio of -13.25 and a beta of 1.63.

Plug Power (NASDAQ:PLUG – Get Rating) last announced its quarterly earnings data on Tuesday, November 8th. The electronics maker reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.05). Plug Power had a negative net margin of 107.91% and a negative return on equity of 15.56%. The firm had revenue of $188.63 million during the quarter, compared to analysts’ expectations of $239.94 million. Equities analysts predict that Plug Power Inc. will post -1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLUG has been the topic of several recent analyst reports. Cowen decreased their target price on shares of Plug Power from $33.00 to $30.00 in a report on Wednesday, November 9th. Susquehanna decreased their target price on shares of Plug Power from $30.00 to $28.00 in a report on Wednesday, November 9th. Wells Fargo & Company reduced their price target on shares of Plug Power from $18.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, January 6th. Morgan Stanley reduced their price target on shares of Plug Power from $48.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 10th. Finally, Cowen reduced their price target on shares of Plug Power from $33.00 to $30.00 in a research note on Wednesday, November 9th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Plug Power currently has a consensus rating of “Moderate Buy” and an average target price of $26.17.

Plug Power Company Profile

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Plug Power Inc delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications.