Mandatum Life Insurance coverage Co Ltd grew its stake in shares of Plug Power Inc. ( NASDAQ: PLUG— Mandatum Life Insurance coverage Co Ltd grew its stake in shares of Plug Power Inc. ( NASDAQ: PLUG— Free Report) by 12.9% in the second quarter, according to its newest disclosure with the SEC. The institutional financier owned 43,297 shares of the electronic devices maker’s stock after getting an extra 4,935 shares throughout the duration. Mandatum Life Insurance coverage Co Ltd’s holdings in Plug Power deserved $450,000 at the end of the most current quarter.
A number of other hedge funds have actually likewise made modifications to their positions in the business. BlackRock Inc. enhanced its stake in shares of Plug Power by 3.0% throughout the very first quarter. BlackRock Inc. now owns 52,381,858 shares of the electronic devices maker’s stock valued at $613,915,000 after acquiring an extra 1,534,756 shares in the last quarter. BNP PARIBAS PROPERTY MANAGEMENT Holding S.A. increased its holdings in shares of Plug Power by 0.3% throughout the very first quarter. BNP PARIBAS PROPERTY MANAGEMENT Holding S.A. now owns 17,273,417 shares of the electronic devices maker’s stock valued at $202,445,000 after getting an extra 59,614 shares in the last quarter. Norges Bank obtained a brand-new stake in Plug Power in the fourth quarter worth roughly $211,176,000. Bank Julius Baer & & Co. Ltd Zurich grew its holdings in shares of Plug Power by 128,905.5% throughout the 2nd quarter. Bank Julius Baer & & Co. Ltd Zurich now owns 16,955,199 shares of the electronic devices maker’s stock valued at $176,165,000 after purchasing an extra 16,942,056 shares throughout the last quarter. Lastly, State Street Corp grew its stake in Plug Power by 7.3% throughout the first quarter. State Street Corp now owns 15,402,314 shares of the electronic devices maker’s stock valued at $180,514,000 after acquiring an extra 1,052,866 shares throughout the last quarter. 49.99% of the stock is presently owned by hedge funds and other institutional financiers.
Experts Set New Cost Targets
A number of brokerages just recently released reports on PLUG. Susquehanna decreased their target rate on shares of Plug Power from $15.00 to $14.00 and set a “favorable” score for the business in a report on Monday, August 14th. Roth Mkm reiterated a “neutral” score and set a $7.50 rate goal (below $13.00) on shares of Plug Power in a research study report on Thursday, August 10th. Citigroup reduced their rate target on shares of Plug Power from $13.00 to $12.50 and set a “purchase” score on the stock in a research study note on Tuesday. Truist Financial cut their target rate on Plug Power from $9.00 to $8.00 and set a “hold” score for the business in a research study note on Monday, October second. Lastly, Roth Capital cut Plug Power from a “purchase” score to a “neutral” score in a research study note on Thursday, August 10th. 8 financial investment experts have actually ranked the stock with a hold score and twelve have actually appointed a buy score to the business. Based upon information from MarketBeat.com, the business presently has an agreement score of “Moderate Buy” and an agreement target rate of $17.59.
View Our Most Current Report on Plug Power
Plug Power Cost Efficiency
Shares of PLUG opened at $6.41 on Tuesday. The business has a debt-to-equity ratio of 0.14, a present ratio of 3.16 and a fast ratio of 2.07. Plug Power Inc. has a 1-year low of $6.16 and a 1-year high of $20.01. The stock has a market cap of $3.86 billion, a PE ratio of -4.48 and a beta of 1.91. The company has a fifty day moving typical rate of $8.54 and a 200 day moving typical rate of $9.38.
Plug Power ( NASDAQ: PLUG— Secure Free Report) last revealed its revenues outcomes on Wednesday, August 9th. The electronic devices maker reported ($ 0.35) revenues per share (EPS) for the quarter, missing out on experts’ agreement price quotes of ($ 0.28) by ($ 0.07). The company had profits of $260.18 million throughout the quarter, compared to expert price quotes of $237.38 million. Plug Power had an unfavorable net margin of 95.15% and an unfavorable return on equity of 20.27%. As a group, sell-side experts prepare for that Plug Power Inc. will publish -1.26 EPS for the existing year.
Expert Activity at Plug Power
In other Plug Power news, expert Jose Luis Crespo offered 31,958 shares of the company’s stock in a deal on Monday, October second. The shares were cost a typical rate of $7.20, for an overall deal of $230,097.60. Following the deal, the expert now straight owns 250,609 shares of the business’s stock, valued at roughly $1,804,384.80. The sale was divulged in a legal filing with the Securities & & Exchange Commission, which is readily available at the SEC site 1.60% of the stock is owned by experts.
Plug Power Business Profile
( Free Report)
Plug Power Inc provides end-to-end tidy hydrogen and zero-emissions fuel cell services for supply chain and logistics applications, on-road electrical automobiles, fixed power market, and others in The United States and Canada and globally. It participates in developing an end-to-end green hydrogen environment, consisting of liquid green hydrogen production, storage and handling, transport, and giving facilities.
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