Plug PowerPLUG
PLUG
About: Plug Power is building an end-to-end green hydrogen ecosystem-from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
Employees: 3,868
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
30% more call options, than puts
Call options by funds: $69.7M | Put options by funds: $53.8M
14% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 115
5% less funds holding
Funds holding: 450 [Q2] → 429 (-21) [Q3]
8% less capital invested
Capital invested by funds: $882M [Q2] → $807M (-$74.8M) [Q3]
10.54% less ownership
Funds ownership: 50.91% [Q2] → 40.36% (-10.54%) [Q3]
20% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 64
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$1.40
43%
downside
Avg. target
$2.84
17%
upside
High target
$5
105%
upside
7 analyst ratings
3 positive
43%
3 neutral
43%
1 negative
14%
Susquehanna Biju Perincheril 39% 1-year accuracy 28 / 71 met price target | 2%upside $2.50 | Neutral Maintained | 16 Jan 2025 |
HC Wainwright & Co. Amit Dayal 43% 1-year accuracy 47 / 110 met price target | 105%upside $5 | Buy Maintained | 18 Nov 2024 |
Canaccord Genuity George Gianarikas 52% 1-year accuracy 25 / 48 met price target | 18%downside $2 | Hold Maintained | 15 Nov 2024 |
Craig-Hallum Eric Stine 46% 1-year accuracy 13 / 28 met price target | 23%upside $3 | Buy Maintained | 14 Nov 2024 |
Wells Fargo Michael Blum 79% 1-year accuracy 27 / 34 met price target | 18%downside $2 | Equal-Weight Maintained | 14 Nov 2024 |
Financial journalist opinion
Based on 28 articles about PLUG published over the past 30 days
Positive
The Motley Fool
1 day ago
Where Will Plug Power Stock Be in 1 Year?
Plug Power (PLUG -10.95%), a developer of hydrogen-powered residential systems, seemed like a promising green energy play when it went public in 1999. But its ambitious plan flopped because producing hydrogen is more expensive than producing oil or natural gas, and it was cheaper to expand existing electrical grids than to build new hydrogen infrastructure.
Positive
The Motley Fool
2 days ago
Plug Power's "Monumental" News: How Investors Can Profit in the Hydrogen Future
In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the latest big announcement from Plug Power (PLUG -10.95%) and how investors may do better by investing in proven winners Linde (LIN 0.81%) and Air Products and Chemicals (APD 1.84%) instead.
Positive
Benzinga
3 days ago
Plug Power's 'Longer-Term Backstop' Is Here, But Execution Is Key: Analyst
Plug Power Inc PLUG has locked in its much-anticipated $1.66 billion Department of Energy loan. JPMorgan analyst Bill Peterson believes that the move “likely eases investor concerns” about a potential cancellation under a second Donald Trump administration.
Negative
The Motley Fool
3 days ago
Why Plug Power Stock Just Dropped an Unlucky 7%
Buy the rumor, sell the news -- that seems to be the story at Plug Power (PLUG -7.25%) stock this morning.
Positive
Zacks Investment Research
3 days ago
Plug Power, Inc. (PLUG) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Plug Power (PLUG). This makes it worthwhile to examine what the stock has in store.
Positive
Market Watch
3 days ago
Rivian and Plug Power close government loan deals just before Trump takes office
Just in time, clean-energy companies Rivian Automotive Inc. and Plug Power Inc. have closed loan agreements with the Biden administration that will fund the construction of manufacturing plants in the United States.
Positive
Forbes
3 days ago
Plug Power Snags $1.7 Billion DOE Loan Guarantee For Hydrogen Plants
Plug Power, which makes fuel cells and electrolyzers that generate carbon-free hydrogen from water and electricity, got a $1.66 billion loan guarantee from the Energy Department to construct large-scale hydrogen plants aimed at supplying industrial customers and to power non-polluting forklifts.
Neutral
GlobeNewsWire
4 days ago
Plug Closes Loan Guarantee from the U.S. Department of Energy
Loan guarantee supports Plug's domestic hydrogen production plant buildout Plug's Graham, Texas, plant first beneficiary of loan guarantee SLINGERLANDS, N.Y., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, closed a $1.66 billion loan guarantee from the U.S. Department of Energy's (DOE) Loan Programs Office (LPO).
Neutral
GlobeNewsWire
5 days ago
Plug Seals Monumental Deal with Allied Green Ammonia for a Mega 3 GW Electrolyzer System
SLINGERLANDS, N.Y., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced a landmark purchase agreement with Allied Green Ammonia (AGA). This agreement will see Plug supplying an impressive three gigawatts (GW) of electrolyzer capacity to AGA's state-of-the-art green hydrogen-to-ammonia plant, currently under development in Australia.
Negative
Zacks Investment Research
5 days ago
Plug Power (PLUG) Stock Sinks As Market Gains: Here's Why
In the closing of the recent trading day, Plug Power (PLUG) stood at $2.67, denoting a -1.48% change from the preceding trading day.
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