Analysts Set Expectations for Plug Power Q1 Earnings

Plug Power Inc. (NASDAQ:PLUG - Free Report) - Investment analysts at Seaport Res Ptn issued their Q1 2026 EPS estimates for Plug Power in a research report issued to clients and investors on Monday, January 27th. Seaport Res Ptn analyst T. Curran anticipates that the electronics maker will post earnings per share of ($0.14) for the quarter. Seaport Res Ptn has a "Strong Sell" rating on the stock. The consensus estimate for Plug Power's current full-year earnings is ($1.20) per share. Seaport Res Ptn also issued estimates for Plug Power's Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at ($0.12) EPS, Q4 2026 earnings at ($0.10) EPS and FY2027 earnings at ($0.35) EPS.

Several other research analysts have also recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of Plug Power from $2.20 to $2.00 and set a "hold" rating on the stock in a report on Thursday, October 3rd. BTIG Research cut shares of Plug Power from a "buy" rating to a "neutral" rating in a report on Thursday, November 14th. Wells Fargo & Company cut 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 report on Thursday, November 14th. Evercore ISI cut their target price on shares of Plug Power from $5.00 to $4.00 and set an "outperform" rating on the stock in a report on Wednesday, November 13th. Finally, Piper Sandler cut their price target on shares of Plug Power from $1.60 to $1.40 and set an "underweight" rating on the stock in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Plug Power currently has an average rating of "Hold" and a consensus target price of $4.46.

Plug Power Price Performance

NASDAQ PLUG traded up $0.01 on Tuesday, reaching $1.96. 71,239,187 shares of the company's stock traded hands, compared to its average volume of 81,191,203. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95. Plug Power has a 12 month low of $1.60 and a 12 month high of $5.14. The stock has a market cap of $1.79 billion, a PE ratio of -0.92 and a beta of 1.79. The stock has a 50-day simple moving average of $2.36 and a 200 day simple moving average of $2.22.

Plug Power (NASDAQ:PLUG - Get Free Report) last issued 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). Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The business had revenue of $173.70 million for the quarter, compared to the consensus estimate of $207.25 million. During the same quarter in the previous year, the business earned ($0.47) earnings per share. The firm's revenue was down 12.6% on a year-over-year basis.

Hedge Funds Weigh In On Plug Power

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Plug Power by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,637,039 shares of the electronics maker's stock worth $15,000,000 after purchasing an additional 1,354,500 shares during the last quarter. XTX Topco Ltd bought a new stake in Plug Power in the 3rd quarter worth about $2,174,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Plug Power by 24.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,421,222 shares of the electronics maker's stock worth $5,472,000 after buying an additional 476,060 shares in the last quarter. Stifel Financial Corp increased its holdings in Plug Power by 23.4% in the 3rd quarter. Stifel Financial Corp now owns 1,398,398 shares of the electronics maker's stock worth $3,160,000 after buying an additional 265,514 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Plug Power by 166.4% in the 3rd quarter. MetLife Investment Management LLC now owns 424,297 shares of the electronics maker's stock worth $959,000 after buying an additional 265,042 shares in the last quarter. Hedge funds and other institutional investors own 43.48% of the company's stock.

Plug Power Company Profile

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.