Insider Selling: Plug Power (NASDAQ:PLUG) Insider Sells $428,000.00 in Stock

Plug Power, Inc. (NASDAQ:PLUG) insider Benjamin Haycraft sold 200,000 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $2.14, for a total value of $428,000.00. Following the completion of the sale, the insider directly owned 101,249 shares of the company’s stock, valued at approximately $216,672.86. The trade was a 66.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Haycraft also recently made the following trade(s):

• On Tuesday, September 15th, Benjamin Haycraft sold 18,750 shares of Plug Power stock. The stock was sold at an average price of $2.06, for a total value of $38,625.00.
• On Friday, September 11th, Benjamin Haycraft sold 13,810 shares of Plug Power stock. The shares were sold at an average price of $2.14, for a total value of $29,553.40.

Plug Power Stock Performance

Shares of PLUG stock opened at $1.96 on Friday. The stock has a market capitalization of $2.74 billion, a PE ratio of -1.56 and a beta of 2.21. The business’s 50 day simple moving average is $2.14 and its 200 day simple moving average is $2.62. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.32 and a quick ratio of 1.32. Plug Power, Inc. has a one year low of $1.70 and a one year high of $4.58.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings results on Monday, August 10th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $178.30 million during the quarter, compared to analyst estimates of $169.11 million. Plug Power had a negative net margin of 220.59% and a negative return on equity of 56.01%. The business’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that Plug Power, Inc. will post -0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

PLUG has been the topic of several recent analyst reports. UBS Group restated a “buy” rating and issued a $5.00 target price on shares of Plug Power in a report on Tuesday, August 11th. Susquehanna decreased their price target on Plug Power from $3.75 to $2.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Jefferies Financial Group raised Plug Power to a “hold” rating in a research report on Thursday, September 3rd. Craig Hallum reissued a “buy” rating on shares of Plug Power in a research note on Tuesday, August 11th. Finally, Morgan Stanley upped their target price on Plug Power from $1.50 to $1.65 and gave the company an “underweight” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.59.

Key Stories Impacting Plug Power

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

• Positive Sentiment: Plug Power delivered a 1-megawatt GenEco PEM electrolyzer to HWR Hydrogen in New Zealand. The system is intended to support hydrogen production for heavy transportation and industrial customers, while additional electrolyzer partnerships in Australia expand Plug’s presence across Oceania. The deals provide evidence of commercial activity and potential future revenue growth. Plug Power expands hydrogen footprint across New Zealand and Australia
• Neutral Sentiment: Analyst opinion remains divided. Plug Power’s revenue recovery and hydrogen projects offer potential upside, but its consensus rating is reportedly “Hold,” with a price target materially above recent trading levels. Comparisons with Bloom Energy highlight investor concerns that Plug’s growth and profitability outlook remain less compelling. Plug Power versus Bloom Energy
• Negative Sentiment: Chief Operating Officer Dean C. Fullerton’s resignation introduces an operational leadership transition. Investors may view the departure as an execution risk while Plug works to scale its hydrogen infrastructure and improve its deeply negative profitability. Plug Power COO resignation
• Negative Sentiment: Higher Treasury yields are pressuring fuel-cell and clean-energy shares because capital-intensive projects become more expensive to finance. The broader sector selloff added to the pressure on PLUG and reinforced concerns about the company’s funding needs. Fuel-cell stocks slide as Treasury yields rise
• Negative Sentiment: Insider Benjamin Haycraft sold 200,000 shares through a pre-arranged Rule 10b5-1 plan, reducing his ownership by roughly 66%. Although scheduled sales do not necessarily signal a change in business outlook, the transaction adds to investor caution. Plug Power insider sale

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PLUG. Envestnet Asset Management Inc. grew its holdings in Plug Power by 45.7% in the second quarter. Envestnet Asset Management Inc. now owns 27,568 shares of the electronics maker’s stock worth $75,000 after purchasing an additional 8,642 shares during the period. State Street Corp increased its stake in Plug Power by 6.1% in the second quarter. State Street Corp now owns 38,763,529 shares of the electronics maker’s stock valued at $105,049,000 after purchasing an additional 2,214,427 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Plug Power by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 702,003 shares of the electronics maker’s stock valued at $1,902,000 after purchasing an additional 63,074 shares during the period. Tidal Investments LLC raised its holdings in shares of Plug Power by 79.9% during the second quarter. Tidal Investments LLC now owns 187,591 shares of the electronics maker’s stock valued at $508,000 after purchasing an additional 83,314 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of Plug Power during the 2nd quarter worth about $145,000. Institutional investors and hedge funds own 43.48% of the company’s stock.

Plug Power Company Profile

Plug Power Inc is a hydrogen and fuel cell technology company that develops integrated solutions for generating, storing, distributing and using hydrogen. The company serves commercial and industrial customers seeking alternatives to conventional power sources and fossil fuels.

Its product portfolio includes electrolyzers for producing hydrogen from water, hydrogen-generation and storage systems, fuel cell engines, and stationary power systems. Plug Power also provides hydrogen-fueled material-handling equipment, including systems used to power forklifts and other warehouse vehicles, along with related infrastructure, service and maintenance offerings.

Founded in 1997 and headquartered in Latham, New York, Plug Power has focused on expanding hydrogen applications across logistics, material handling, backup and distributed power, transportation, and industrial markets.