Plug Power's President Buys Over 1.5 Million Shares
Jose Luis Crespo, Plug Power's President, acquired 1,542,508 shares on June 25, 2026.
Key Points
- Jose Luis Crespo, Plug Power's President & CRO, purchased 1,542,508 shares on June 25, 2026.
- Plug Power Inc. has a market cap of $3.54 billion and trades with a beta of 2.122.
- Analysts like B. Riley maintain a 'buy' rating with a $5.00 target, while Wells Fargo suggests 'hold' at $2.50.
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Jose Luis Crespo, the President and Chief Revenue Officer of Plug Power Inc. (NasdaqCM: PLUG), made a significant purchase on June 25, 2026. Crespo acquired 1,542,508 shares of the company, underscoring his confidence in Plug Power's future.
Insider Buying and Selling at Plug Power Inc.
On June 25, 2026, several insiders at Plug Power Inc. engaged in buying activity. Alongside Jose Luis Crespo's acquisition of 1,542,508 shares, CFO and Executive VP Paul Middleton bought 510,204 shares, and Chief Operating Officer Dean Fullerton purchased 822,671 shares. General Counsel Gerard Conway Jr. also added 719,837 shares to his holdings.
Other Institutional Activity in Plug Power
Several major institutional investors adjusted their positions in Plug Power recently. BlackRock, Inc. increased its stake by 34,909,164 shares, bringing its total to 152,093,275 shares valued at approximately $343.7 million, a 29.8% increase. D. E. Shaw & Co., Inc. also boosted its holdings by 26,846,602 shares, marking a 121.4% increase to a total of 48,958,500 shares worth about $110.6 million. UBS Group AG added 16,118,618 shares, a 63.3% increase, ending with 41,593,479 shares valued at $94 million.
Plug Power Inc. Stock Up 18.3%
Shares of Plug Power Inc. traded near $2.54 on Tuesday. The company has a market cap of $3.54 billion and a forward P/E ratio of -15.46, reflecting its current unprofitability. With a beta of 2.122, the stock has experienced significant volatility. Over the past year, Plug Power has ranged from a low of $1.24 to a high of $4.58. The 50-day moving average stands at $3.26, while the 200-day moving average is $2.60.
$PLUG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Plug Power reported revenue of $739.8 million, showing a growth of 22.3% from the previous period. Despite this increase, the company recorded a negative net margin of 227.1% and a return on equity of -128.8%. Earnings per share were at a loss of $1.39. Investors will look forward to the next earnings report scheduled for August 10, 2026.
Analysts Set New Price Targets
Several analysts have maintained their ratings on Plug Power Inc. Wells Fargo kept a 'hold' rating with a $2.50 price target on May 19, 2026. B. Riley Securities maintained a 'buy' rating, setting their target at $5.00 on May 12, 2026. The consensus among 16 analysts gives the stock an average price target of $3.62.
About Plug Power
Plug Power Inc., headquartered in Slingerlands, New York, specializes in hydrogen fuel cell systems and solutions. The company designs and sells products like GenDrive fuel cells for electric forklifts and GenFuel hydrogen fueling systems. Founded in 1997, Plug Power serves industries across North America, Europe, and Australia, providing solutions for material handling, stationary power, and more. Led by CEO Jose Luis Crespo, the company employs over 2,300 people.
Bottom Line
The recent insider purchases at Plug Power Inc. reflect a strong vote of confidence from its leadership. While the company faces challenges with profitability, its growing revenue and industry position remain of interest to investors. The stock's volatility and analyst ratings suggest varied opinions on its future prospects.
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