What is B. Riley's Forecast for Plug Power FY2025 Earnings?

Plug Power Inc. (NASDAQ:PLUG - Free Report) - Equities researchers at B. Riley lifted their FY2025 earnings estimates for Plug Power in a note issued to investors on Wednesday, March 5th. B. Riley analyst R. Pfingst now anticipates that the electronics maker will earn ($0.56) per share for the year, up from their previous estimate of ($0.60). B. Riley currently has a "Buy" rating and a $3.00 target price on the stock. The consensus estimate for Plug Power's current full-year earnings is ($1.21) per share. B. Riley also issued estimates for Plug Power's FY2026 earnings at ($0.35) EPS.

PLUG has been the topic of several other research reports. Canaccord Genuity Group reduced their target price on shares of Plug Power from $2.00 to $1.25 and set a "hold" rating on the stock in a research note on Wednesday. Susquehanna reduced their price target on shares of Plug Power from $2.50 to $1.80 and set a "neutral" rating on the stock in a research note on Wednesday. BTIG Research downgraded shares of Plug Power from a "buy" rating to a "neutral" rating in a research note on Thursday, November 14th. Seaport Res Ptn downgraded shares of Plug Power from a "hold" rating to a "strong sell" rating in a research note on Monday, January 27th. Finally, StockNews.com raised shares of Plug Power to a "sell" rating in a research note on Tuesday, March 4th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Plug Power currently has a consensus rating of "Hold" and an average price target of $2.34.

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Plug Power Trading Up 7.9 %

Shares of PLUG traded up $0.13 during midday trading on Friday, hitting $1.78. The stock had a trading volume of 73,303,360 shares, compared to its average volume of 68,526,250. Plug Power has a 1 year low of $1.37 and a 1 year high of $4.90. The firm has a market cap of $1.65 billion, a PE ratio of -0.83 and a beta of 1.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95. The stock's 50 day moving average is $2.05 and its 200 day moving average is $2.10.

Institutional Trading of Plug Power

A number of institutional investors have recently modified their holdings of PLUG. Norges Bank bought a new stake in shares of Plug Power in the 4th quarter valued at about $146,465,000. Point72 Asset Management L.P. bought a new stake in shares of Plug Power in the 4th quarter valued at about $10,370,000. Vanguard Group Inc. boosted its holdings in shares of Plug Power by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 87,438,503 shares of the electronics maker's stock valued at $186,244,000 after buying an additional 4,491,114 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Plug Power by 23.6% in the 3rd quarter. Geode Capital Management LLC now owns 19,194,629 shares of the electronics maker's stock valued at $43,388,000 after buying an additional 3,662,456 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Plug Power in the 4th quarter valued at approximately $6,235,000. 43.48% of the stock is currently owned by institutional investors.

About Plug Power

Plug Power Inc develops hydrogen and fuel cell product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power.