Prescott Group Capital Management L.L.C. Purchases New Holdings in Plug Power, Inc. $PLUG

Prescott Group Capital Management L.L.C. purchased a new stake in Plug Power, Inc. (NASDAQ:PLUG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 610,000 shares of the electronics maker’s stock, valued at approximately $1,202,000.

A number of other institutional investors have also recently bought and sold shares of PLUG. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Plug Power by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,607,153 shares of the electronics maker’s stock worth $3,520,000 after acquiring an additional 297,754 shares during the period. Focus Partners Wealth acquired a new stake in Plug Power during the 1st quarter worth $37,000. JPMorgan Chase & Co. grew its holdings in Plug Power by 6.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,504,744 shares of the electronics maker’s stock worth $2,242,000 after acquiring an additional 95,876 shares during the period. Prudential Financial Inc. grew its holdings in Plug Power by 87.2% during the 2nd quarter. Prudential Financial Inc. now owns 111,945 shares of the electronics maker’s stock worth $167,000 after acquiring an additional 52,135 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Plug Power by 24.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 73,084 shares of the electronics maker’s stock worth $109,000 after acquiring an additional 14,471 shares during the period. Institutional investors and hedge funds own 43.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on PLUG shares. BTIG Research reaffirmed a “neutral” rating on shares of Plug Power in a report on Tuesday, March 3rd. B. Riley Financial lifted their target price on shares of Plug Power from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. BMO Capital Markets lifted their target price on shares of Plug Power from $1.00 to $1.20 and gave the stock an “underperform” rating in a report on Tuesday, May 12th. HC Wainwright reaffirmed a “buy” rating and set a $7.00 target price on shares of Plug Power in a report on Tuesday, March 3rd. Finally, Jefferies Financial Group lowered their target price on shares of Plug Power from $2.00 to $1.80 and set a “hold” rating for the company in a report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.42.

Plug Power Price Performance

Shares of PLUG stock opened at $3.31 on Thursday. Plug Power, Inc. has a 12-month low of $0.74 and a 12-month high of $4.58. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -2.51 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. The firm has a fifty day moving average of $2.81 and a 200-day moving average of $2.40.

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

Plug Power News Summary

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

• Positive Sentiment: Plug Power announced a major win in the U.K., supplying electrolyzers for the 30 MW Barrow Green Hydrogen Project, which reached final investment decision and adds to the company’s backlog/near-term revenue visibility. Article Title
• Positive Sentiment: Investor attention remains focused on Plug Power’s better-than-expected Q1 results, with revenue beating Wall Street estimates and management pointing to stronger material handling, electrolyzer, and hydrogen fuel performance plus margin improvement from cost cuts. Article Title
• Positive Sentiment: Wells Fargo raised its price target on Plug Power to $2.50 from $2.00, signaling improving sentiment even though the firm still has an “equal weight” view. Article Title
• Neutral Sentiment: Hydrogen stocks were broadly active, with gains in names like FuelCell Energy and Bloom Energy, but the rotation also suggests Plug Power is not the only company benefiting from sector-wide speculation. Article Title
• Neutral Sentiment: Recent articles have also raised the possibility of a short squeeze and a move toward $5, reflecting speculative interest rather than a confirmed change in fundamentals. Article Title

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.