Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Plug Power, Inc. $PLUG

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Plug Power, Inc. (NASDAQ:PLUG) by 188,201.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 781,452 shares of the electronics maker’s stock after buying an additional 781,037 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Plug Power were worth $1,539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Plug Power by 18.2% in the 4th quarter. Vanguard Group Inc. now owns 129,599,295 shares of the electronics maker’s stock valued at $255,311,000 after purchasing an additional 19,967,339 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Plug Power by 208.6% in the 4th quarter. SG Americas Securities LLC now owns 1,119,191 shares of the electronics maker’s stock valued at $2,205,000 after purchasing an additional 756,510 shares during the last quarter. Bouvel Investment Partners LLC grew its stake in shares of Plug Power by 2,210.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 346,556 shares of the electronics maker’s stock valued at $683,000 after purchasing an additional 331,556 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Plug Power by 82.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,914 shares of the electronics maker’s stock valued at $1,038,000 after purchasing an additional 238,443 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Plug Power by 31.8% in the 3rd quarter. Rhumbline Advisers now owns 1,809,879 shares of the electronics maker’s stock valued at $4,217,000 after purchasing an additional 436,502 shares during the last quarter. 43.48% of the stock is currently owned by hedge funds and other institutional investors.

Plug Power Stock Up 12.8%

PLUG opened at $3.52 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 1.46. The business has a 50 day simple moving average of $2.61 and a 200-day simple moving average of $2.36. The stock has a market capitalization of $4.91 billion, a P/E ratio of -2.61 and a beta of 2.06. Plug Power, Inc. has a 12 month low of $0.69 and a 12 month high of $4.58.

Plug Power (NASDAQ:PLUG) last posted its quarterly earnings results on Monday, May 11th. The electronics maker reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $163.51 million during the quarter, compared to analysts’ expectations of $139.87 million. Plug Power had a negative return on equity of 45.97% and a negative net margin of 229.83%.The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) EPS. On average, equities analysts anticipate that Plug Power, Inc. will post -0.3 earnings per share for the current fiscal year.

Plug Power News Roundup

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

• Positive Sentiment: Plug Power reported Q1 revenue of $163.5 million, above Wall Street estimates of about $139.9 million, signaling stronger-than-expected demand and execution. Plug Power’s (NASDAQ:PLUG) Q1 CY2026 Sales Beat Estimates, Stock Soars
• Positive Sentiment: The company also beat adjusted EPS expectations, posting a loss of $0.08 per share versus the expected loss of $0.09, which suggests improving operating performance. Plug Power (PLUG) Reports Q1 Loss, Beats Revenue Estimates
• Positive Sentiment: Management said Q1 results showed 22% revenue growth and 71% year-over-year margin improvement, reinforcing the turnaround narrative and supporting bullish sentiment. Plug Power Reports Strong Q1 2026 Results with 22% Revenue Growth and 71% Margin Improvement Year over Year
• Neutral Sentiment: Analysts and market commentary also pointed to heightened trading interest, including heavy call-option activity and a broad rally in fuel-cell stocks, which may be amplifying the move. FuelCell Energy Surges 18%, Plug Power Climbs 13%, Bloom Energy Rallies 12% as Fuel Cell Stocks Ignite
• Neutral Sentiment: Clear Street raised its price target on Plug Power to $3.50 and kept a Buy rating, a modestly supportive analyst update. Clear Street Raises Plug Power (PLUG) Price Target, Keeps Buy Rating

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BTIG Research reiterated a “neutral” rating on shares of Plug Power in a research note on Tuesday, March 3rd. Wells Fargo & Company lifted their target price on Plug Power from $1.50 to $2.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Susquehanna lifted their target price on Plug Power from $2.50 to $2.75 and gave the company a “neutral” rating in a research note on Thursday, April 9th. BMO Capital Markets reiterated an “underperform” rating and issued a $1.00 target price on shares of Plug Power in a research note on Tuesday, March 3rd. Finally, Oppenheimer reiterated a “market perform” rating on shares of Plug Power in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.03.

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.