Callan Family Office LLC Purchases Shares of 12,462 Plug Power Inc. (NASDAQ:PLUG)

Callan Family Office LLC purchased a new stake in Plug Power Inc. (NASDAQ:PLUG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,462 shares of the electronics maker’s stock, valued at approximately $27,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. acquired a new position in Plug Power in the fourth quarter valued at approximately $60,000. Raymond James Financial Inc. acquired a new position in Plug Power in the fourth quarter valued at approximately $344,000. SBI Securities Co. Ltd. acquired a new position in shares of Plug Power during the fourth quarter worth approximately $354,000. Jones Financial Companies Lllp raised its position in shares of Plug Power by 107.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 6,074 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of Plug Power by 11.0% during the fourth quarter. QRG Capital Management Inc. now owns 100,369 shares of the electronics maker’s stock worth $214,000 after purchasing an additional 9,977 shares during the period. 43.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. HC Wainwright lowered their target price on Plug Power from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Canaccord Genuity Group lowered their target price on Plug Power from $2.00 to $1.25 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Seaport Res Ptn lowered Plug Power from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Craig Hallum lowered their target price on Plug Power from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, BMO Capital Markets lowered their target price on Plug Power from $1.60 to $1.40 and set an “underperform” rating on the stock in a research report on Wednesday, March 5th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Plug Power presently has an average rating of “Hold” and a consensus price target of $2.34.

Plug Power Stock Down 2.3 %

Shares of NASDAQ:PLUG opened at $1.67 on Wednesday. The company has a market capitalization of $1.55 billion, a PE ratio of -0.78 and a beta of 1.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95. The business has a fifty day moving average price of $2.03 and a two-hundred day moving average price of $2.09. Plug Power Inc. has a 1 year low of $1.37 and a 1 year high of $4.90.

Plug Power Company 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.