Creative Planning raised its position in shares of Plug Power, Inc. (NASDAQ:PLUG) by 41.5% during the second quarter, Holdings Channel reports. The fund owned 70,472 shares of the electronics maker’s stock after buying an additional 20,673 shares during the period. Creative Planning’s holdings in Plug Power were worth $144,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in Plug Power by 51.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 768,662 shares of the electronics maker’s stock worth $1,061,000 after buying an additional 262,147 shares during the last quarter. Geode Capital Management LLC increased its stake in Plug Power by 30.4% in the first quarter. Geode Capital Management LLC now owns 1,750,660 shares of the electronics maker’s stock worth $2,415,000 after buying an additional 407,653 shares during the last quarter. Vanguard Group Inc. increased its stake in Plug Power by 10.2% in the first quarter. Vanguard Group Inc. now owns 7,988,456 shares of the electronics maker’s stock worth $11,024,000 after buying an additional 738,875 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Plug Power by 34.4% in the first quarter. Asset Management One Co. Ltd. now owns 286,299 shares of the electronics maker’s stock worth $395,000 after buying an additional 73,274 shares during the last quarter. Finally, American International Group Inc. increased its stake in Plug Power by 7.5% in the first quarter. American International Group Inc. now owns 111,649 shares of the electronics maker’s stock worth $154,000 after buying an additional 7,773 shares during the last quarter. Institutional investors own 17.54% of the company’s stock.

Shares of Plug Power, Inc. (NASDAQ:PLUG) traded up 3.00% on Friday, reaching $2.06. 4,507,306 shares of the company’s stock traded hands. The company’s 50-day moving average price is $2.16 and its 200 day moving average price is $1.78. The firm’s market cap is $462.94 million. Plug Power, Inc. has a one year low of $0.83 and a one year high of $2.70.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Tuesday, August 8th. The electronics maker reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. The business had revenue of $22.60 million during the quarter, compared to the consensus estimate of $28.58 million. Plug Power had a negative return on equity of 86.35% and a negative net margin of 112.95%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted ($0.04) earnings per share. On average, equities analysts forecast that Plug Power, Inc. will post ($0.24) EPS for the current fiscal year.

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A number of research firms have recently weighed in on PLUG. Roth Capital reiterated a “sell” rating and issued a $1.30 price target on shares of Plug Power in a research report on Sunday, July 23rd. FBR & Co reiterated an “outperform” rating and issued a $3.50 price target (up from $3.00) on shares of Plug Power in a research report on Tuesday, July 25th. HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Plug Power in a research report on Monday, July 24th. BidaskClub upgraded shares of Plug Power from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Rodman & Renshaw reiterated a “buy” rating and issued a $4.00 price target on shares of Plug Power in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.83.

About Plug Power

Plug Power Inc is a provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used for the industrial off-road market and the stationary power market. The Company’s product line includes GenKey, GenDrive, GenFuel, GenCare and ReliOn.

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Institutional Ownership by Quarter for Plug Power (NASDAQ:PLUG)

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