Saudi's Public Investment Fund Dissolves Share Stake In Plug Power; Change In Holdings Are As Of December 31, 2023 And Compared With The Previous Quarter Ended As Of September 30, 2023
Portfolio Pulse from Benzinga Newsdesk
Saudi's Public Investment Fund has dissolved its share stake in Plug Power as of December 31, 2023, according to a recent SEC filing. This change in holdings is compared with the previous quarter ended as of September 30, 2023.
February 14, 2024 | 3:48 pm
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Saudi's Public Investment Fund has sold off its stake in Plug Power, as reported in a recent SEC filing.
The dissolution of a significant share stake by a major investment fund like Saudi's Public Investment Fund could lead to negative sentiment among investors, potentially causing a short-term decrease in PLUG's stock price. The action reflects a change in investment strategy or assessment of PLUG's future prospects by the fund, which could influence other investors' perceptions.
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