Plug Power Inc (NASDAQ:PLUG) Institutional Investors 2017 Q4 Sentiment

April 17, 2018 - By Vivian Park

Plug Power Inc. (NASDAQ:PLUG) Logo

Sentiment for Plug Power Inc (NASDAQ:PLUG)

Plug Power Inc (NASDAQ:PLUG) institutional sentiment decreased to 1.26 in 2017 Q4. Its down -0.46, from 1.72 in 2017Q3. The ratio has dropped, as 58 institutional investors started new or increased holdings, while 46 sold and reduced their stock positions in Plug Power Inc. The institutional investors in our partner’s database now have: 59.69 million shares, up from 54.72 million shares in 2017Q3. Also, the number of institutional investors holding Plug Power Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 21 Reduced: 25 Increased: 40 New Position: 18.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen fuel cell systems primarily for the material handling and stationary power markets in the United States. The company has market cap of $445.78 million. It focuses on proton exchange membrane fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. It currently has negative earnings. The firm offers GenDrive, hydrogen fueled PEM fuel cell system that provides power to material handling vehicles; GenFuel, a hydrogen fueling delivery system; GenCare, which is an ongoing maintenance program for GenDrive fuel cells, GenSure products, and GenFuel products; and GenSure, a stationary fuel cell solution that provides scalable modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors.

The stock increased 3.72% or $0.07 during the last trading session, reaching $1.95. About 757,059 shares traded. Plug Power Inc. (NASDAQ:PLUG) has risen 35.00% since April 17, 2017 and is uptrending. It has outperformed by 23.45% the S&P500.

Analysts await Plug Power Inc. (NASDAQ:PLUG) to report earnings on May, 8. They expect $-0.08 earnings per share, up 38.46 % or $0.05 from last year’s $-0.13 per share. After $-0.09 actual earnings per share reported by Plug Power Inc. for the previous quarter, Wall Street now forecasts -11.11 % EPS growth.

New Jersey Better Educational Savings Trust holds 0.43% of its portfolio in Plug Power Inc. for 180,000 shares. Nj State Employees Deferred Compensation Plan owns 320,000 shares or 0.13% of their US portfolio. Moreover, State Of New Jersey Common Pension Fund D has 0.04% invested in the company for 4.40 million shares. The New York-based Virtu Financial Llc has invested 0.04% in the stock. Wealthtrust Axiom Llc, a Pennsylvania-based fund reported 35,000 shares.#img1#

Plug Power Inc. (NASDAQ:PLUG) Ratings Coverage

Ratings analysis reveals 100% of Plug Power’s analysts are positive. Out of 2 Wall Street analysts rating Plug Power, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $3.5 while the high is $5. The stock’s average target of $4.25 is 117.95% above today’s ($1.95) share price. PLUG was included in 7 notes of analysts from November 9, 2017. The firm earned “Buy” rating on Thursday, December 7 by FBR Capital. The stock has “Buy” rating by FBR Capital on Thursday, March 8. The firm has “Buy” rating by Canaccord Genuity given on Friday, February 2. The stock of Plug Power Inc. (NASDAQ:PLUG) has “Buy” rating given on Friday, February 9 by FBR Capital. FBR Capital maintained the shares of PLUG in report on Thursday, November 9 with “Buy” rating. Canaccord Genuity maintained the shares of PLUG in report on Wednesday, March 7 with “Buy” rating.

Plug Power Inc. (NASDAQ:PLUG) Institutional Positions Chart

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