Plug Power Inc (PLUG) Director Gregory Graves Sells 31,343 Shares
Plug Power Inc (NASDAQ:PLUG) Director Gregory Graves sold 31,343 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $1.73, for a total value of $54,223.39. Following the completion of the transaction, the director now owns 43,296 shares of the company’s stock, valued at $74,902.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
PLUG opened at $1.86 on Tuesday. Plug Power Inc has a 52 week low of $1.53 and a 52 week high of $3.21. The firm has a market cap of $401.67 million, a PE ratio of -3.10 and a beta of 1.23. The company has a quick ratio of 0.69, a current ratio of 1.07 and a debt-to-equity ratio of 4.16.
Plug Power (NASDAQ:PLUG) last released its quarterly earnings results on Thursday, August 9th. The electronics maker reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The firm had revenue of $39.93 million for the quarter, compared to analysts’ expectations of $40.52 million. Plug Power had a negative return on equity of 108.78% and a negative net margin of 66.16%. The company’s quarterly revenue was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) earnings per share. equities research analysts predict that Plug Power Inc will post -0.19 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in PLUG. Metropolitan Life Insurance Co. NY raised its stake in shares of Plug Power by 183.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 73,495 shares of the electronics maker’s stock valued at $148,000 after acquiring an additional 47,559 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Plug Power by 100.0% in the first quarter. MetLife Investment Advisors LLC now owns 107,957 shares of the electronics maker’s stock valued at $204,000 after acquiring an additional 53,968 shares in the last quarter. Global X Management Co LLC acquired a new stake in shares of Plug Power in the second quarter valued at $266,000. LPL Financial LLC acquired a new stake in shares of Plug Power in the first quarter valued at $270,000. Finally, UBS Group AG raised its stake in shares of Plug Power by 122.6% in the first quarter. UBS Group AG now owns 150,221 shares of the electronics maker’s stock valued at $284,000 after acquiring an additional 82,741 shares in the last quarter. Institutional investors and hedge funds own 30.47% of the company’s stock.
Plug Power Company Profile
Plug Power Inc, an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.
Further Reading: Book Value Per Share – BVPS
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