B. Riley Wealth Advisors Inc. Sells 9,060 Shares of Plug Power Inc. (NASDAQ:PLUG)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of Plug Power Inc. (NASDAQ:PLUG) by 25.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,075 shares of the electronics maker’s stock after selling 9,060 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Plug Power were worth $122,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Treasurer of the State of North Carolina grew its stake in Plug Power by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 233,192 shares of the electronics maker’s stock worth $1,049,000 after buying an additional 2,280 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Plug Power by 15.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,585 shares of the electronics maker’s stock worth $84,000 after buying an additional 2,526 shares in the last quarter. Brookstone Capital Management grew its stake in Plug Power by 22.3% during the fourth quarter. Brookstone Capital Management now owns 17,973 shares of the electronics maker’s stock worth $81,000 after buying an additional 3,273 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Plug Power by 6.3% during the third quarter. Advisors Asset Management Inc. now owns 58,648 shares of the electronics maker’s stock worth $446,000 after buying an additional 3,450 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC grew its stake in Plug Power by 19.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 21,888 shares of the electronics maker’s stock worth $98,000 after buying an additional 3,556 shares in the last quarter. 43.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PLUG shares. HC Wainwright reiterated a “buy” rating and set a $18.00 price objective on shares of Plug Power in a research note on Tuesday, May 14th. Evercore ISI reduced their price target on shares of Plug Power from $9.00 to $6.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. Marathon Capitl restated an “equal weight” rating on shares of Plug Power in a research note on Tuesday, March 26th. HSBC reduced their price target on shares of Plug Power from $9.00 to $8.50 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. Finally, Craig Hallum reduced their price target on shares of Plug Power from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.49.

Plug Power Stock Down 5.3 %

Plug Power stock opened at $2.33 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 1.94. Plug Power Inc. has a 52-week low of $2.25 and a 52-week high of $13.44. The firm has a 50 day moving average price of $2.83 and a two-hundred day moving average price of $3.41. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -0.97 and a beta of 1.77.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings results on Thursday, May 9th. The electronics maker reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.11). Plug Power had a negative return on equity of 43.10% and a negative net margin of 181.96%. The firm had revenue of $120.26 million for the quarter, compared to the consensus estimate of $162.92 million. Equities analysts predict that Plug Power Inc. will post -1.13 EPS for the current year.

Insider Activity

In other news, Director George C. Mcnamee sold 10,000 shares of Plug Power stock in a transaction on Friday, May 10th. The shares were sold at an average price of $2.56, for a total value of $25,600.00. Following the completion of the sale, the director now owns 639,572 shares in the company, valued at approximately $1,637,304.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

About Plug Power

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.