"Plug Power Inc.'s Stock Rollercoaster: From Soaring Highs to Severe Losses"
Originally Published 2 years ago — by Simply Wall St
Institutional investors, who hold a significant stake in Plug Power Inc., are likely to consider severe steps following the company's 6.6% share price drop, adding to a year-long loss of 83%. With institutions owning 55% of the company, their influence on stock price dynamics is substantial. The top 25 shareholders collectively control less than half of the company's shares, indicating widely disseminated ownership. While the general public holds 35% ownership, private companies hold 9.1%. Analyst forecasts and institutional ownership data provide insights into the stock's future, but caution is advised due to potential market volatility.
