Boston Private Wealth LLC Buys 1,756 Shares of Plug Power Inc. (NASDAQ:PLUG)

Boston Private Wealth LLC grew its stake in shares of Plug Power Inc. (NASDAQ:PLUG) by 25.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,636 shares of the electronics maker’s stock after acquiring an additional 1,756 shares during the period. Boston Private Wealth LLC’s holdings in Plug Power were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLUG. SRS Capital Advisors Inc. grew its stake in shares of Plug Power by 53.3% during the third quarter. SRS Capital Advisors Inc. now owns 1,150 shares of the electronics maker’s stock worth $29,000 after buying an additional 400 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Plug Power by 311.4% during the third quarter. Moors & Cabot Inc. now owns 36,000 shares of the electronics maker’s stock worth $36,000 after buying an additional 27,250 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Plug Power by 160.5% during the third quarter. Gradient Investments LLC now owns 1,542 shares of the electronics maker’s stock worth $39,000 after buying an additional 950 shares during the last quarter. Berman Capital Advisors LLC grew its stake in shares of Plug Power by 78.4% during the second quarter. Berman Capital Advisors LLC now owns 1,254 shares of the electronics maker’s stock worth $42,000 after buying an additional 551 shares during the last quarter. Finally, NEXT Financial Group Inc grew its stake in shares of Plug Power by 24.7% during the third quarter. NEXT Financial Group Inc now owns 1,822 shares of the electronics maker’s stock worth $46,000 after buying an additional 361 shares during the last quarter. 49.21% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on PLUG. Wolfe Research boosted their price objective on shares of Plug Power from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 10th. upped their price target on shares of Plug Power from $31.00 to $38.00 and gave the company a “hold” rating in a research report on Wednesday, November 10th. Zacks Investment Research cut shares of Plug Power from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup cut their price target on shares of Plug Power from $56.00 to $37.00 in a research report on Tuesday. Finally, Morgan Stanley upped their price objective on shares of Plug Power from $43.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $43.28.

NASDAQ:PLUG opened at $23.44 on Friday. The firm’s 50-day moving average price is $33.80 and its 200-day moving average price is $30.44. The company has a market capitalization of $13.51 billion, a PE ratio of -14.56 and a beta of 1.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 17.74 and a quick ratio of 16.89. Plug Power Inc. has a 1-year low of $18.47 and a 1-year high of $75.49.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Tuesday, November 9th. The electronics maker reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.10). The company had revenue of $143.92 million for the quarter, compared to the consensus estimate of $142.87 million. During the same quarter last year, the business earned ($0.11) earnings per share. Equities analysts anticipate that Plug Power Inc. will post -0.6 EPS for the current fiscal year.

Plug Power Profile

Plug Power, Inc provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses.

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Institutional Ownership by Quarter for Plug Power (NASDAQ:PLUG)

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