Jump Financial LLC Acquires Shares of 29,900 Plug Power Inc. (NASDAQ:PLUG)

Jump Financial LLC acquired a new stake in shares of Plug Power Inc. (NASDAQ:PLUG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,900 shares of the electronics maker’s stock, valued at approximately $64,000.

A number of other hedge funds have also recently bought and sold shares of the business. Pacific Sage Partners LLC acquired a new position in shares of Plug Power in the 4th quarter worth approximately $25,000. Oppenheimer & Co. Inc. acquired a new position in shares of Plug Power in the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp grew its position in shares of Plug Power by 107.4% in the 4th quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 6,074 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of Plug Power in the 4th quarter worth approximately $27,000. Finally, Savant Capital LLC acquired a new position in shares of Plug Power in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 43.48% of the company’s stock.

Plug Power Stock Performance

NASDAQ:PLUG opened at $1.02 on Tuesday. Plug Power Inc. has a twelve month low of $0.76 and a twelve month high of $4.90. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $1.36 and a 200-day moving average of $1.90. The firm has a market cap of $943.68 million, a price-to-earnings ratio of -0.48 and a beta of 2.07.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PLUG. Piper Sandler decreased their target price on Plug Power from $1.40 to $1.10 and set an “underweight” rating for the company in a research report on Wednesday, March 5th. Morgan Stanley lowered their price objective on Plug Power from $1.75 to $1.60 and set an “underweight” rating for the company in a research note on Thursday, March 6th. UBS Group cut their target price on Plug Power from $2.50 to $1.75 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Canaccord Genuity Group dropped their price objective on shares of Plug Power from $2.00 to $1.25 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Finally, Susquehanna dropped their price objective on shares of Plug Power from $1.80 to $1.25 and set a “neutral” rating on the stock in a report on Monday, April 14th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Plug Power presently has an average rating of “Hold” and a consensus target price of $2.29.

Plug Power Profile

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.