1.26 is Plug Power Inc’s (NASDAQ:PLUG) Institutional Investor Sentiment

May 20, 2018 - By Richard Conner

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 turned negative, as 58 funds increased and started new stock positions, while 46 decreased and sold their stakes in Plug Power Inc. The funds in our partner’s database now hold: 59.69 million shares, up from 54.72 million shares in 2017Q3. Also, the number of funds holding Plug Power Inc in their top 10 stock positions 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 $454.26 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.

It closed at $2.12 lastly. It is down 35.00% since May 20, 2017 and is uptrending. It has outperformed by 23.45% the S&P500.

Analysts await Plug Power Inc. (NASDAQ:PLUG) to report earnings on August, 14. They expect $-0.07 earnings per share, up 30.00 % or $0.03 from last year’s $-0.1 per share. After $-0.07 actual earnings per share reported by Plug Power Inc. for the previous quarter, Wall Street now forecasts 0.00 % 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.

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 $3.5000 while the high is $5. The stock’s average target of $4.25 is 100.47% above today’s ($2.12) share price. PLUG was included in 7 notes of analysts from December 1, 2017. The firm earned “Buy” rating on Thursday, March 8 by FBR Capital. The rating was maintained by FBR Capital on Friday, February 9 with “Buy”. The stock has “Buy” rating by FBR Capital on Thursday, May 10. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, March 7 report. The firm has “Buy” rating by FBR Capital given on Thursday, December 7. The rating was maintained by Canaccord Genuity on Friday, February 2 with “Buy”.

More notable recent Plug Power Inc. (NASDAQ:PLUG) news were published by: Seekingalpha.com which released: “More on Plug Power’s Q1” on May 09, 2018, also Nasdaq.com with their article: “Market Trends Toward New Normal in Dynavax Technologies, Synergy Resources, Allscripts Healthcare Solutions …” published on May 16, 2018, Seekingalpha.com published: “Plug Power: A Step Toward Making A Buck” on May 10, 2018. More interesting news about Plug Power Inc. (NASDAQ:PLUG) were released by: Nasdaq.com and their article: “Plug Power to Announce 2018 First Quarter Results” published on May 03, 2018 as well as Fool.com‘s news article titled: “Better Fuel Cell Stock: Plug Power (PLUG) vs. Ballard Power Systems (BLDP)” with publication date: May 20, 2018.

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

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