JPMorgan Chase & Co. cut its stake in Plug Power Inc. (NASDAQ:PLUG) by 83.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 449,409 shares of the electronics maker's stock after selling 2,335,786 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of Plug Power worth $7,447,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Plug Power in the second quarter worth approximately $27,000. Catalyst Capital Advisors LLC increased its holdings in Plug Power by 274.1% in the 1st quarter. Catalyst Capital Advisors LLC now owns 1,837 shares of the electronics maker's stock worth $53,000 after acquiring an additional 1,346 shares in the last quarter. Sandy Spring Bank raised its stake in Plug Power by 3,363.6% during the 2nd quarter. Sandy Spring Bank now owns 1,905 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 1,850 shares during the period. Millburn Ridgefield Corp grew its position in shares of Plug Power by 54.7% during the second quarter. Millburn Ridgefield Corp now owns 2,841 shares of the electronics maker's stock valued at $47,000 after purchasing an additional 1,004 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Plug Power during the first quarter valued at $85,000. Institutional investors own 51.09% of the company's stock.
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Plug Power Stock Performance
Plug Power stock opened at $13.68 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.09 and a quick ratio of 5.23. The company has a market cap of $7.97 billion, a P/E ratio of -11.52 and a beta of 1.56. Plug Power Inc. has a fifty-two week low of $12.70 and a fifty-two week high of $37.08. The firm's 50 day simple moving average is $17.18 and its 200-day simple moving average is $20.11.
Wall Street Analysts Forecast Growth
PLUG has been the topic of a number of research analyst reports. Susquehanna Bancshares cut their price target on shares of Plug Power from $30.00 to $28.00 in a report on Wednesday, November 9th. Jefferies Financial Group started coverage on shares of Plug Power in a research report on Tuesday, October 18th. They set a "buy" rating and a $28.00 target price on the stock. Royal Bank of Canada lowered their price target on shares of Plug Power from $24.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, November 9th. TheStreet cut Plug Power from a "c-" rating to a "d+" rating in a research note on Monday, October 10th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Plug Power in a report on Thursday, October 20th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $27.09.
Plug Power Profile
Plug Power Inc delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications.
摩根大通最近向美国证券交易委员会提交的文件显示,摩根大通在第二季度将其在Plug Power Inc.(纳斯达克股票代码:PLUG)的股份削减了83.9%。该机构投资者在本季度出售了2,335,786股股票后,拥有这家电子制造商的449,409股股票。截至最近一个季度末,摩根大通持有Plug Power约0.08%的股份,价值7,447,000美元。
其他几家机构投资者最近也改变了他们在该公司的头寸。Stonehage Fleming Financial Services Holdings Ltd在第二季度购买了Plug Power的新头寸,价值约2.7万美元。*Catalyst Capital Advisors LLC在第一季度增持Plug Power 274.1。Catalyst Capital Advisors LLC现在持有这家电子产品制造商1,837股股票,价值53,000美元,该公司在上个季度又收购了1,346股。*沙泉银行在第二季度将其在Plug Power的持股增加了3363.6%。桑迪·斯普林银行在此期间又购买了1,850股,目前持有这家电子产品制造商1,905股股票,价值3.2万美元。米尔本Ridgefield公司在第二季度将其在Plug Power的股票头寸增加了54.7%。Millburn Ridgefield Corp目前持有2,841股这家电子产品制造商的股票,价值47,000美元,此前该公司在上个季度又购买了1,004股。最后,奥利弗·拉戈尔·范瓦林投资集团在第一季度以8.5万美元的价格购买了Plug Power的新头寸。机构投资者持有该公司约51.09%的股份。
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Plug Power股票表现
Plug Power股价周四开盘报13.68美元。该公司的债务权益比为0.13,流动比率为6.09,速动比率为5.23。该公司市值为79.7亿美元,市盈率为-11.52,贝塔系数为1.56。Plug Power Inc.的股价为12.70美元,为52周低点,52周高点为37.08美元。该公司的50日简单移动均线切入位为17.18美元,200日简单移动均线切入位为20.11美元。
华尔街分析师预测经济增长
Plug已经成为许多研究分析师报告的主题。在11月9日星期三的一份报告中,Susquehanna BancShares将Plug Power的目标价从30.00美元下调至28.00美元。杰富瑞金融集团在10月18日星期二的一份研究报告中开始报道Plug Power的股票。他们为该股设定了“买入”评级和28.00美元的目标价。在11月9日周三的一份报告中,加拿大皇家银行将Plug Power的目标价从24.00美元下调至20.00美元,并对该股设定了“跑赢大盘”的评级。10月10日星期一,华尔街在一份研究报告中将Plug Power的评级从“c-”下调至“d+”。最后,Roth Capital在10月20日(星期四)的一份报告中重申了对Plug Power股票的“买入”评级。7名股票研究分析师对该股的评级为持有,12名分析师对该公司的评级为买入。根据MarketBeat的数据,该公司的平均评级为“中等买入”,平均目标价为27.09美元.
Plug Power简介
Plug Power Inc.为北美和国际上的供应链和物流应用、道路电动汽车、固定电力市场和其他应用提供端到端清洁氢气和零排放燃料电池解决方案。它致力于构建端到端的绿色氢气生态系统,包括绿色氢气的生产、储存和交付,以及通过移动或固定应用产生能源。