Vontobel Holding Ltd. Has $6 Million Stock Holdings in Plug Power Inc. (NASDAQ:PLUG)

Vontobel Holding Ltd. decreased its holdings in shares of Plug Power Inc. (NASDAQ:PLUG) by 17.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,817,746 shares of the electronics maker’s stock after selling 608,608 shares during the period. Vontobel Holding Ltd.’s holdings in Plug Power were worth $6,002,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PLUG. Pacific Sage Partners LLC acquired a new position in Plug Power during the fourth quarter worth $25,000. Catalyst Capital Advisors LLC raised its holdings in Plug Power by 79.9% during the third quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker’s stock worth $29,000 after buying an additional 5,631 shares during the last quarter. Prio Wealth Limited Partnership acquired a new position in Plug Power during the third quarter worth $29,000. First Commonwealth Financial Corp PA acquired a new position in Plug Power during the third quarter worth $29,000. Finally, Millburn Ridgefield Corp raised its holdings in Plug Power by 79.9% during the third quarter. Millburn Ridgefield Corp now owns 12,681 shares of the electronics maker’s stock worth $29,000 after buying an additional 5,631 shares during the last quarter. Institutional investors and hedge funds own 43.48% of the company’s stock.

Plug Power Price Performance

Shares of NASDAQ:PLUG opened at $1.76 on Friday. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.60 billion, a PE ratio of -0.82 and a beta of 1.79. Plug Power Inc. has a twelve month low of $1.57 and a twelve month high of $4.90. The company has a 50-day moving average price of $2.28 and a two-hundred day moving average price of $2.15.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PLUG shares. BTIG Research lowered shares of Plug Power from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Craig Hallum reduced their target price on shares of Plug Power from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Piper Sandler reduced their target price on shares of Plug Power from $1.60 to $1.40 and set an “underweight” rating for the company in a research note on Thursday, November 14th. StockNews.com upgraded shares of Plug Power to a “sell” rating in a research note on Monday, February 10th. Finally, HC Wainwright reiterated a “buy” rating and issued a $18.00 target price on shares of Plug Power in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Plug Power has an average rating of “Hold” and an average target price of $4.12.

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.