Generali Investments CEE investicni spolecnost a.s. Invests $38,000 in Plug Power Inc. (NASDAQ:PLUG)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Plug Power Inc. (NASDAQ:PLUG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 18,000 shares of the electronics maker’s stock, valued at approximately $38,000.

Several other institutional investors have also modified their holdings of PLUG. Charles Schwab Investment Management Inc. raised its stake in Plug Power by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,637,039 shares of the electronics maker’s stock worth $15,000,000 after acquiring an additional 1,354,500 shares in the last quarter. XTX Topco Ltd acquired a new stake in Plug Power during the 3rd quarter worth $2,174,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Plug Power by 24.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,421,222 shares of the electronics maker’s stock worth $5,472,000 after acquiring an additional 476,060 shares in the last quarter. Stifel Financial Corp raised its stake in Plug Power by 23.4% during the 3rd quarter. Stifel Financial Corp now owns 1,398,398 shares of the electronics maker’s stock worth $3,160,000 after acquiring an additional 265,514 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Plug Power by 166.4% during the 3rd quarter. MetLife Investment Management LLC now owns 424,297 shares of the electronics maker’s stock worth $959,000 after acquiring an additional 265,042 shares in the last quarter. 43.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLUG has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 14th. StockNews.com upgraded shares of Plug Power to a “sell” rating in a research note on Tuesday, March 4th. Piper Sandler cut their price target on shares of Plug Power from $1.40 to $1.10 and set an “underweight” rating on the stock in a research note on Wednesday, March 5th. B. Riley dropped their price objective on shares of Plug Power from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, BMO Capital Markets dropped their price objective on shares of Plug Power from $1.60 to $1.40 and set an “underperform” rating on the stock in a research note on Wednesday, March 5th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Plug Power currently has a consensus rating of “Hold” and an average target price of $2.34.

Plug Power Stock Up 7.9 %

Shares of NASDAQ:PLUG opened at $1.78 on Monday. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -0.83 and a beta of 1.98. The firm’s 50-day simple moving average is $2.05 and its 200-day simple moving average is $2.09. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. Plug Power Inc. has a fifty-two week low of $1.37 and a fifty-two week high of $4.90.

About Plug Power

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.