Q1 Earnings Estimate for Plug Power Issued By B. Riley

Plug Power Inc. (NASDAQ:PLUG - Free Report) - Equities researchers at B. Riley issued their Q1 2025 earnings per share (EPS) estimates for Plug Power in a report issued on Wednesday, March 5th. B. Riley analyst R. Pfingst forecasts that the electronics maker will post earnings per share of ($0.21) for the quarter. B. Riley currently has a "Buy" rating and a $3.00 price target 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 Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at ($0.11) EPS and Q4 2025 earnings at ($0.10) EPS.

PLUG has been the topic of several other research reports. BTIG Research cut shares of Plug Power from a "buy" rating to a "neutral" rating in a report on Thursday, November 14th. StockNews.com raised Plug Power to a "sell" rating in a report on Tuesday, March 4th. Craig Hallum lowered their target price on Plug Power from $4.00 to $3.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Wells Fargo & Company lowered their target price on Plug Power from $3.00 to $2.00 and set an "equal weight" rating on the stock in a report on Thursday, November 14th. Finally, Evercore ISI reduced their price target on Plug Power from $5.00 to $4.00 and set an "outperform" rating for the company in a research report on Wednesday, November 13th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $2.34.

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Plug Power Stock Performance

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

Institutional Investors Weigh In On Plug Power

Large investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new stake in Plug Power during the fourth quarter worth approximately $25,000. Pacific Sage Partners LLC bought a new stake in Plug Power during the fourth quarter worth approximately $25,000. Jones Financial Companies Lllp increased its stake in Plug Power by 107.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker's stock worth $25,000 after acquiring an additional 6,074 shares during the last quarter. Callan Family Office LLC bought a new stake in Plug Power during the fourth quarter worth approximately $27,000. Finally, Ground Swell Capital LLC bought a new stake in Plug Power during the fourth quarter worth approximately $27,000. 43.48% of the stock is 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.