Jim Cramer Is Bearish on These 5 Stocks in September

 4. Plug Power Inc. (NASDAQ:PLUG)

Number of Hedge Fund Holders: 26  

Plug Power Inc. (NASDAQ:PLUG) delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions to various sectors. During the Lightning Round of his show on September 15, Cramer outlined his bearish stance on the company while answering a viewer question, saying that he thought that the better way to play the market on hydrogen and cleaner energy was Linde, instead of Plug Power. 

On August 26, Craig-Hallum analyst Eric Stine maintained a Buy rating on Plug Power Inc. (NASDAQ:PLUG) stock and raised the price target to $38 from $31, appreciating the hydrogen supply agreement of the firm with tech giant Amazon. 

At the end of the second quarter of 2022, 26 hedge funds in the database of Insider Monkey held stakes worth $259 million in Plug Power Inc. (NASDAQ:PLUG), compared to 33 in the preceding quarter worth $509.8 million.