![]() Grove Energy Capital: 54.96 million shares.With that in mind, let’s dive deeper into the institutional investors maintaining top positions in PLUG stock. Bearish sentiment seems to be rising, however, as the put/call ratio is now 1.5, up about 14%. New positions in PLUG stock have jumped significantly quarter to quarter as well, spiking 20% from 76 to 91. Percentage ownership is also up roughly 4%. However, the number of 13F shares owned by filers has risen almost 5%. The number of funds holding PLUG stock has decreased by just 3 funds since the previous quarter, falling from 549 to 546. So, does institutional investment in PLUG stock remain high? Let’s take a closer look.Īccording to data from WhaleWisdom, institutional sentiment toward Plug Power has been mixed recently, although primarily positive. While the company may not be profitable yet, InvestorPlace contributor Chris Markoch expects that to “change soon” as well. Plug Power operates in a market that’s expected to keep growing as the green revolution continues. Back in early March, the company provided fuel cells for a “ successful test flight of a small plane that was partially powered by hydrogen.”Īll of this suggests that shares are due not just for a rebound, but for substantial growth as markets turn around in 2023. InvestorPlace contributor Larry Ramer also recently flagged PLUG as an undervalued growth stock, in part for its growing applications in the aviation space. The company has been touted for its list of partnerships. In fact, many see Plug Power as having significant potential, even as shares slide further into the red. However, plenty of experts aren’t writing off PLUG stock. Most recently, shares declined after receiving a downgrade from Morgan Stanley. This former clean energy winner has been trending downward all month. As one of the leading names in the hydrogen fuel cell space, however, shares may be a valuable buy-the-dip opportunity. Plug Power (NASDAQ: PLUG) stock has been on a losing streak lately.
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