QRG Capital Management Inc. Has $37,000 Stock Holdings in Plug Power, Inc. $PLUG

QRG Capital Management Inc. grew its stake in Plug Power, Inc. (NASDAQ:PLUG) by 31.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,014 shares of the electronics maker’s stock after buying an additional 6,039 shares during the period. QRG Capital Management Inc.’s holdings in Plug Power were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PLUG. Wealth Enhancement Advisory Services LLC increased its stake in shares of Plug Power by 35.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 64,440 shares of the electronics maker’s stock valued at $137,000 after buying an additional 16,878 shares during the period. Bouvel Investment Partners LLC increased its stake in shares of Plug Power by 2,424.2% in the first quarter. Bouvel Investment Partners LLC now owns 378,634 shares of the electronics maker’s stock valued at $511,000 after buying an additional 363,634 shares during the period. Cobblestone Asset Management LLC acquired a new stake in shares of Plug Power in the first quarter valued at about $124,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Plug Power by 138.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 202,387 shares of the electronics maker’s stock valued at $273,000 after buying an additional 117,492 shares during the period. Finally, JNBA Financial Advisors acquired a new stake in shares of Plug Power in the first quarter valued at about $37,000. Institutional investors and hedge funds own 43.48% of the company’s stock.

Plug Power Trading Down 9.5%

Shares of Plug Power stock opened at $3.42 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 1.59. Plug Power, Inc. has a 52 week low of $0.69 and a 52 week high of $4.58. The stock has a 50 day moving average price of $2.03 and a two-hundred day moving average price of $1.47. The stock has a market capitalization of $3.95 billion, a PE ratio of -1.48 and a beta of 2.23.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Monday, August 11th. The electronics maker reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Plug Power had a negative net margin of 292.84% and a negative return on equity of 90.22%. The firm had revenue of $173.97 million during the quarter, compared to analyst estimates of $157.97 million. As a group, equities analysts anticipate that Plug Power, Inc. will post -1.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on PLUG. Susquehanna raised their target price on Plug Power from $1.00 to $1.80 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Plug Power in a research note on Wednesday, October 8th. Hsbc Global Res raised Plug Power to a “strong-buy” rating in a research note on Thursday. HC Wainwright raised their target price on Plug Power from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, Wells Fargo & Company raised their target price on Plug Power from $1.00 to $1.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.35.

About Plug Power

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.