Leonteq Securities AG Purchases New Position in Plug Power, Inc. $PLUG

Leonteq Securities AG purchased a new stake in shares of Plug Power, Inc. (NASDAQ:PLUG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 372,496 shares of the electronics maker’s stock, valued at approximately $734,000.

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

Plug Power Price Performance

Shares of PLUG opened at $3.78 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.40 and a current ratio of 2.36. Plug Power, Inc. has a one year low of $0.76 and a one year high of $4.58. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of -2.86 and a beta of 2.06. The stock has a 50 day moving average price of $2.88 and a 200 day moving average price of $2.42.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Monday, May 11th. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Plug Power had a negative return on equity of 49.30% and a negative net margin of 227.13%.The firm had revenue of $163.51 million during the quarter, compared to analysts’ expectations of $139.87 million. During the same period in the previous year, the business earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts forecast that Plug Power, Inc. will post -0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on PLUG shares. Oppenheimer restated a “market perform” rating on shares of Plug Power in a research report on Tuesday, March 3rd. BTIG Research restated a “neutral” rating on shares of Plug Power in a research report on Tuesday, March 3rd. TD Cowen boosted their price objective on Plug Power from $2.00 to $3.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Jefferies Financial Group cut their price objective 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. Finally, Susquehanna boosted their price objective on Plug Power from $2.75 to $3.75 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Plug Power currently has an average rating of “Hold” and an average price target of $3.42.

Plug Power News Roundup

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

Plug Power Profile

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.