Equities Analysts Issue Forecasts for Plug Power Q1 Earnings

Plug Power Inc. (NASDAQ:PLUG - Free Report) - Analysts at Roth Capital issued their Q1 2025 earnings per share (EPS) estimates for shares of Plug Power in a report issued on Tuesday, November 12th. Roth Capital analyst C. Irwin anticipates that the electronics maker will earn ($0.18) per share for the quarter. The consensus estimate for Plug Power's current full-year earnings is ($1.16) per share. Roth Capital also issued estimates for Plug Power's Q2 2025 earnings at ($0.17) EPS and Q3 2025 earnings at ($0.11) EPS.

Plug Power (NASDAQ:PLUG - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The electronics maker reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.01). The business had revenue of $173.70 million for the quarter, compared to analyst estimates of $207.25 million. Plug Power had a negative return on equity of 47.36% and a negative net margin of 214.05%. Plug Power's quarterly revenue was down 12.6% on a year-over-year basis. During the same period last year, the firm posted ($0.47) EPS.

PLUG has been the topic of a number of other reports. Wells Fargo & Company cut their price target on Plug Power from $3.00 to $2.00 and set an "equal weight" rating on the stock in a report on Thursday. Susquehanna decreased their price target on Plug Power from $3.00 to $2.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Evercore ISI reduced their price target on shares of Plug Power from $5.00 to $4.00 and set an "outperform" rating for the company in a research report on Wednesday. HC Wainwright reaffirmed a "buy" rating and issued a $18.00 price objective on shares of Plug Power in a research report on Wednesday. Finally, Canaccord Genuity Group reduced their target price on shares of Plug Power from $2.50 to $2.25 and set a "hold" rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Plug Power currently has a consensus rating of "Hold" and a consensus target price of $4.60.

Plug Power Stock Performance

Shares of PLUG remained flat at $1.97 during trading hours on Thursday. The stock had a trading volume of 80,550,039 shares, compared to its average volume of 41,123,340. Plug Power has a one year low of $1.60 and a one year high of $5.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.07 and a quick ratio of 0.91. The company has a market cap of $1.73 billion, a PE ratio of -0.88 and a beta of 1.81. The stock has a 50 day moving average price of $2.06 and a 200-day moving average price of $2.41.

Institutional Trading of Plug Power

Several institutional investors and hedge funds have recently made changes to their positions in PLUG. HBK Sorce Advisory LLC purchased a new position in Plug Power in the 1st quarter worth $37,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Plug Power during the second quarter worth about $26,000. SteelPeak Wealth LLC bought a new stake in shares of Plug Power in the second quarter worth about $26,000. Aire Advisors LLC purchased a new position in Plug Power during the 2nd quarter valued at about $28,000. Finally, Madison Park Capital Advisors LLC bought a new position in Plug Power during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 43.48% of the company's stock.

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.