PLUG POWER INC's Lobbying Activities and Market Trends
Key Ideas
- PLUG POWER INC disclosed $300,000 in lobbying focused on promoting hydrogen and fuel cell technologies, seeking legislative support and funding opportunities.
- Insiders at PLUG have made significant stock purchases recently, indicating confidence in the company's prospects.
- Hedge fund activity shows a mix of institutions increasing and decreasing their positions in PLUG stock in the last quarter.
- Analyst ratings and price targets for PLUG reflect a range of perspectives, with some firms issuing buy ratings and others issuing sell ratings.
In a recent Lobbying Disclosure Act filing, PLUG POWER INC revealed spending $300,000 on lobbying efforts during the second quarter of 2025. The lobbying activities were concentrated on advocating for legislative support to advance hydrogen and fuel cell technologies, along with highlighting issues related to DOE funding programs and hydrogen tax incentives. Notable mentions included the Technology for Energy Security Act and Defense Appropriations for clean hydrogen and fuel cell funding. Insiders at PLUG have demonstrated confidence in the company's future by making significant stock purchases, with PAUL B MIDDLETON notably acquiring 1,000,000 shares. On the other hand, hedge fund activity surrounding PLUG stock saw a mix of institutions adding and reducing their positions in the first quarter of 2025. Additionally, Wall Street analysts have varied opinions on PLUG, with some issuing buy ratings and others issuing sell ratings. The article also highlights recent price targets set by analysts, reflecting a median target of $1.125. It's important to note that this article does not provide financial advice and directs readers to Quiver Quantitative for more information.