Plug Power Inc. (NASDAQ:PLUG) produced a 122.4% rally since recording the worst price of $0.99. Thanks to the latest 4.27% increase, it now trades at $2.2. Throughout the trading on 3/12/2019, the share price floated between $2.14 and $2.3. This company shares are 36.82% off its target price of $3.01 and the current market capitalization stands at $518.74M. The recent change has given its price a 43.98% lead over SMA 50 and -3.08% deficit over its 52-week high. The stock witnessed 64.18% gains, 40.13% gains and 14.58% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PLUG’s volatility during a week at 11.66% and during a month it has been found around 7.45%.

Plug Power Inc. (PLUG) Top Holders

Institutional investors currently hold around $132 million or 27.8% in PLUG stock. Look at its top three institutional owners: Blackrock Inc. owns $34.87 million in Plug Power Inc., which represents roughly 6.72% of the company’s market cap and approximately 26.42% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 7,472,094 shares of the stock are valued at $15.77 million. The third largest holder is Odey Asset Management Group Ltd, which currently holds $11.58 million worth of this stock and that ownership represents nearly 2.23% of its market capitalization.

Plug Power Inc. 13F Filings

At the end of December reporting period, 56 institutional holders increased their position in Plug Power Inc. (NASDAQ:PLUG) by some 5,994,458 shares, 63 decreased positions by 6,898,595 and 60 held positions by 49,847,859. That puts total institutional holdings at 62,740,912 shares, according to SEC filings. The stock grabbed 16 new institutional investments totaling 944,646 shares while 25 institutional investors sold out their entire positions totaling 301,406 shares.

Plug Power Inc. (PLUG) Analyst Guide

Several analysts have released their opinion on Plug Power Inc. (NASDAQ:PLUG), with 2 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].