Russell Investments Group Ltd. Buys 601,816 Shares of Plug Power, Inc. $PLUG

Russell Investments Group Ltd. lifted its stake in Plug Power, Inc. (NASDAQ:PLUG) by 553.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 710,470 shares of the electronics maker’s stock after buying an additional 601,816 shares during the quarter. Russell Investments Group Ltd.’s holdings in Plug Power were worth $1,925,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLUG. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Plug Power by 116.7% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 13,000 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 7,000 shares in the last quarter. Sender Co & Partners Inc. bought a new stake in Plug Power in the 2nd quarter valued at $26,000. DUTCH ASSET Corp purchased a new stake in Plug Power in the 4th quarter worth $29,000. Independent Advisor Alliance purchased a new stake in Plug Power in the 4th quarter worth $30,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Plug Power by 53.6% during the 4th quarter. International Assets Investment Management LLC now owns 15,773 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 5,503 shares during the last quarter. Institutional investors own 43.48% of the company’s stock.

More Plug Power News

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Better revenue and margin performance: Plug Power reported second-quarter 2026 revenue of $178.3 million, up 2.5% year over year and ahead of the roughly $169 million consensus estimate. Its non-GAAP loss of $0.07 per share was in line with expectations, while gross margins improved toward breakeven. PLUG Q2 Deep Dive: Margin Gains and Cost Discipline, Guidance Raised
• Positive Sentiment: Higher outlook and better cash discipline: Management raised its full-year outlook and reduced cash usage, supporting the view that cost controls and operational improvements may be beginning to stabilize the business. An expanding global electrolyzer pipeline also provides a potential longer-term growth catalyst. Plug Power Charges Ahead: Margin Expansion Sparks a Rally
• Positive Sentiment: More favorable analyst forecasts: HC Wainwright reaffirmed its Buy rating and $7 price target while raising its Plug Power EPS estimates for 2026 through 2029. Its forecast moves from a $0.25 loss in 2026 to a $0.02 profit in 2029, reinforcing expectations for eventual profitability. HC Wainwright Reaffirms Buy Rating for Plug Power
• Neutral Sentiment: Trading activity may amplify volatility: Heavy short interest and unusually large call-option buying could accelerate a rally if bullish momentum continues, but these positioning factors can also lead to sharp reversals. Stock Traders Buy Large Volume of Plug Power Call Options
• Negative Sentiment: Valuation and profitability risks remain: Despite better sales trends, Plug Power remains deeply unprofitable, and its long-term shareholder returns have been weak. Analysts also caution that the stock may already reflect much of the improvement, making sustained execution and further margin gains important for the rally to continue. Plug Power Stock Looks Above Fair Value Despite Better Sales Trends

Plug Power Price Performance

PLUG stock opened at $2.32 on Friday. Plug Power, Inc. has a 52 week low of $1.41 and a 52 week high of $4.58. The company has a quick ratio of 1.40, a current ratio of 2.32 and a debt-to-equity ratio of 1.29. The company has a fifty day simple moving average of $2.42 and a two-hundred day simple moving average of $2.59. The firm has a market capitalization of $3.24 billion, a P/E ratio of -1.84 and a beta of 2.20.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data on Monday, August 10th. The electronics maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. Plug Power had a negative net margin of 220.59% and a negative return on equity of 56.01%. The business had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $169.11 million. Plug Power’s revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Plug Power, Inc. will post -0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PLUG shares. HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of Plug Power in a research report on Tuesday, August 11th. Canaccord Genuity Group boosted their target price on Plug Power from $2.50 to $4.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. TD Cowen boosted their target price on Plug Power from $2.00 to $3.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Oppenheimer reissued a “market perform” rating on shares of Plug Power in a research note on Tuesday. Finally, BMO Capital Markets raised their price target on Plug Power from $1.00 to $1.20 and gave the company an “underperform” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.59.

About Plug Power

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.