Plug Power Inc (NASDAQ:PLUG) CAO Martin Daniel Hull sold 68,565 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $14.87, for a total value of $1,019,561.55.
Following the transaction, the chief accounting officer now owns 86,898 shares of the company’s stock, valued at approximately $1,292,173.26. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Martin Daniel Hull also recently made the following trade(s):
On Monday, August 31st, Martin Daniel Hull sold 33,333 shares of Plug Power stock. The stock was sold at an average price of $13.11, for a total value of $436,995.63.
Shares of NASDAQ PLUG opened at $17.88 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 2.27. The business has a fifty day simple moving average of $12.96 and a two-hundred day simple moving average of $7.77. The firm has a market cap of $7.18 billion, a PE ratio of -57.68 and a beta of 1.31. Plug Power Inc has a twelve month low of $2.53 and a twelve month high of $19.02.
Plug Power (NASDAQ:PLUG) last issued its earnings results on Thursday, August 6th. The electronics maker reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.07. The business had revenue of $68.07 million during the quarter, compared to analyst estimates of $56.51 million. Plug Power had a negative return on equity of 70.36% and a negative net margin of 33.33%. Plug Power’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) EPS. On average, research analysts expect that Plug Power Inc will post -0.29 earnings per share for the current year.
A number of equities analysts have recently commented on PLUG shares. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Plug Power in a report on Thursday, July 16th. Barclays lifted their target price on Plug Power from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. BidaskClub raised Plug Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 3rd. Roth Capital raised their price target on Plug Power from $6.00 to $12.00 in a research note on Wednesday, June 24th. Finally, B. Riley raised their price target on Plug Power from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $9.88.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Plug Power by 7.6% during the 2nd quarter. Vanguard Group Inc. now owns 16,280,446 shares of the electronics maker’s stock valued at $133,663,000 after purchasing an additional 1,148,302 shares in the last quarter. State Street Corp raised its position in shares of Plug Power by 30.1% in the 1st quarter. State Street Corp now owns 6,707,954 shares of the electronics maker’s stock worth $23,746,000 after acquiring an additional 1,551,234 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Plug Power by 25.2% in the 2nd quarter. Pinnacle Associates Ltd. now owns 6,087,600 shares of the electronics maker’s stock worth $49,979,000 after acquiring an additional 1,225,764 shares in the last quarter. Robecosam AG bought a new position in shares of Plug Power in the 2nd quarter worth $32,922,000. Finally, Driehaus Capital Management LLC bought a new position in shares of Plug Power in the 1st quarter worth $10,773,000. 44.56% of the stock is owned by institutional investors and hedge funds.
About Plug Power
Plug Power Inc, an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.
