Roth Capital Has Bullish Outlook for Plug Power Q1 Earnings

Plug Power Inc. (NASDAQ:PLUG - Free Report) - Equities research analysts at Roth Capital boosted their Q1 2025 EPS estimates for Plug Power in a report issued on Tuesday, March 4th. Roth Capital analyst C. Irwin now forecasts that the electronics maker will post earnings of ($0.17) per share for the quarter, up from their previous forecast of ($0.18). The consensus estimate for Plug Power's current full-year earnings is ($1.21) per share. Roth Capital also issued estimates for Plug Power's FY2025 earnings at ($0.53) EPS.

Several other equities analysts have also issued reports on PLUG. Craig Hallum decreased their price target on Plug Power from $4.00 to $3.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company decreased their target price on shares of Plug Power from $3.00 to $2.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 14th. HC Wainwright dropped their price target on shares of Plug Power from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday. Truist Financial cut their price target on shares of Plug Power from $2.00 to $1.50 and set a "hold" rating on the stock in a report on Wednesday. Finally, StockNews.com raised shares of Plug Power to a "sell" rating in a research note on Tuesday, March 4th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $2.34.

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Plug Power Trading Up 7.9 %

Shares of NASDAQ:PLUG traded up $0.13 on Thursday, reaching $1.78. 73,303,360 shares of the company traded hands, compared to its average volume of 68,526,250. Plug Power has a 52 week low of $1.37 and a 52 week high of $4.90. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $2.05 and its 200 day simple moving average is $2.10. The stock has a market capitalization of $1.65 billion, a P/E ratio of -0.83 and a beta of 1.98.

Hedge Funds Weigh In On Plug Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new position in shares of Plug Power in the 4th quarter worth about $25,000. Pacific Sage Partners LLC bought a new stake in Plug Power during the fourth quarter worth about $25,000. Jones Financial Companies Lllp grew its holdings in Plug Power by 107.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker's stock worth $25,000 after purchasing an additional 6,074 shares during the period. Callan Family Office LLC bought a new position in shares of Plug Power during the fourth quarter valued at approximately $27,000. Finally, Ground Swell Capital LLC purchased a new position in shares of Plug Power during the fourth quarter valued at approximately $27,000. 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.