Banque Cantonale Vaudoise Buys 31,276 Shares of Plug Power Inc. (NASDAQ:PLUG)

Banque Cantonale Vaudoise increased its position in Plug Power Inc. (NASDAQ:PLUG) by 25.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,779 shares of the electronics maker’s stock after purchasing an additional 31,276 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Plug Power were worth $526,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. HighPoint Advisor Group LLC bought a new position in shares of Plug Power during the 4th quarter worth $48,000. Quadrature Capital Ltd bought a new position in Plug Power during the 4th quarter worth about $5,133,000. Vanguard Group Inc. increased its position in Plug Power by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,987,285 shares of the electronics maker’s stock valued at $242,943,000 after purchasing an additional 283,376 shares during the period. Caas Capital Management LP bought a new stake in shares of Plug Power in the 4th quarter valued at about $143,000. Finally, Symmetry Investments LP lifted its position in shares of Plug Power by 6.9% in the 4th quarter. Symmetry Investments LP now owns 222,380 shares of the electronics maker’s stock worth $1,001,000 after purchasing an additional 14,400 shares during the period. 43.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLUG has been the subject of a number of recent research reports. Marathon Capitl reissued an “equal weight” rating on shares of Plug Power in a research note on Tuesday, March 26th. TD Cowen dropped their price objective on Plug Power from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Piper Sandler cut their target price on Plug Power from $2.90 to $2.50 and set an “underweight” rating on the stock in a research note on Friday, May 10th. HSBC decreased their price target on shares of Plug Power from $9.00 to $8.50 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Plug Power in a research report on Tuesday, May 14th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.49.

Insider Buying and Selling at Plug Power

In other news, Director George C. Mcnamee sold 10,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $2.56, for a total transaction of $25,600.00. Following the completion of the transaction, the director now directly owns 639,572 shares in the company, valued at $1,637,304.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.70% of the stock is owned by corporate insiders.

Plug Power Trading Down 4.9 %

Shares of NASDAQ:PLUG opened at $2.41 on Friday. Plug Power Inc. has a twelve month low of $2.25 and a twelve month high of $13.44. The company has a current ratio of 1.94, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $2.86 and its 200 day moving average is $3.46.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Thursday, May 9th. The electronics maker reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.11). Plug Power had a negative net margin of 181.96% and a negative return on equity of 43.10%. The firm had revenue of $120.26 million during the quarter, compared to analysts’ expectations of $162.92 million. Analysts expect that Plug Power Inc. will post -1.13 EPS for the current fiscal year.

Plug Power Company Profile

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.