Handelsbanken Fonder AB Makes New $3.92 Million Investment in Plug Power, Inc. $PLUG

Handelsbanken Fonder AB acquired a new position in Plug Power, Inc. (NASDAQ:PLUG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,987,188 shares of the electronics maker’s stock, valued at approximately $3,915,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Profund Advisors LLC boosted its stake in Plug Power by 24.4% in the third quarter. Profund Advisors LLC now owns 20,188 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 3,961 shares in the last quarter. SlateStone Wealth LLC boosted its stake in Plug Power by 16.0% in the third quarter. SlateStone Wealth LLC now owns 29,077 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 4,000 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in Plug Power by 33.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 18,414 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 4,615 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Plug Power by 53.6% in the fourth quarter. International Assets Investment Management LLC now owns 15,773 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 5,503 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Plug Power by 10.6% in the third quarter. Mackenzie Financial Corp now owns 58,098 shares of the electronics maker’s stock worth $135,000 after purchasing an additional 5,584 shares in the last quarter. Institutional investors and hedge funds own 43.48% of the company’s stock.

Plug Power News Summary

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Plug Power won a key role in the Barrow Green Hydrogen project in the U.K., which reached final investment decision and moves into execution; investors see this as evidence of real commercial traction for the company’s electrolyzer business. Plug Power’s Barrow Win Highlights Green Hydrogen Traction And Funding Risks
• Positive Sentiment: Recent coverage argues Plug Power could have upside if hydrogen demand, tax-credit support, and project execution continue to improve, helping explain renewed bullish trading in the stock. Plug Power stock gets a Bloom Energy boost: here’s why it may double
• Neutral Sentiment: Investors are also revisiting Plug Power after its Q1 results, which showed higher revenue but still sizable losses, leaving the debate open on whether the stock is a buy, sell, or hold. Plug Power (PLUG): Buy, sell, or hold post Q1 earnings?
• Neutral Sentiment: Some articles note that Plug Power remains a speculative, high-volatility hydrogen name, with enthusiasm driven more by narrative and momentum than by proven profitability. Forget Plug Power: 1 High-Yield Industrial Giant to Buy Hand Over Fist
• Negative Sentiment: Bearish commentary continues to highlight Plug Power’s large net losses and funding risks, reminding investors that the company still has a long way to go before its business model becomes consistently profitable. How Barrow Green Hydrogen FID And Rising Revenue At Plug Power (PLUG) Has Changed Its Investment Story

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PLUG shares. HC Wainwright restated a “buy” rating and set a $7.00 target price on shares of Plug Power in a research report on Tuesday, March 3rd. Jefferies Financial Group dropped their target price on Plug Power from $2.00 to $1.80 and set a “hold” rating for the company in a research report on Monday, March 9th. Canaccord Genuity Group boosted their target price on Plug Power from $2.50 to $4.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. TD Cowen boosted their target price on Plug Power from $2.00 to $3.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company boosted their target price on Plug Power from $2.00 to $2.50 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.42.

Plug Power Stock Performance

PLUG stock opened at $3.78 on Friday. The business has a fifty day moving average of $2.88 and a 200-day moving average of $2.42. The company has a market cap of $5.27 billion, a P/E ratio of -2.86 and a beta of 2.06. The company has a quick ratio of 1.40, a current ratio of 2.36 and a debt-to-equity ratio of 0.89. Plug Power, Inc. has a twelve month low of $0.76 and a twelve month high of $4.58.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Monday, May 11th. The electronics maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $163.51 million during the quarter, compared to the consensus estimate of $139.87 million. Plug Power had a negative return on equity of 49.30% and a negative net margin of 227.13%.The firm’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.21) earnings per share. As a group, equities research analysts expect that Plug Power, Inc. will post -0.26 EPS for the current year.

About Plug Power

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.