Q1 EPS Estimates for Plug Power Lowered by Seaport Res Ptn

Plug Power Inc. (NASDAQ:PLUG - Free Report) - Investment analysts at Seaport Res Ptn decreased their Q1 2025 EPS estimates for shares of Plug Power in a report issued on Monday, April 7th. Seaport Res Ptn analyst T. Curran now anticipates that the electronics maker will earn ($0.21) per share for the quarter, down from their previous forecast of ($0.20). Seaport Res Ptn currently has a "Strong Sell" rating on the stock. The consensus estimate for Plug Power's current full-year earnings is ($1.21) per share. Seaport Res Ptn also issued estimates for Plug Power's Q2 2025 earnings at ($0.18) EPS, Q3 2025 earnings at ($0.16) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.67) EPS, Q1 2026 earnings at ($0.11) EPS, Q2 2026 earnings at ($0.10) EPS, Q3 2026 earnings at ($0.08) EPS, Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($0.37) EPS and FY2027 earnings at ($0.22) EPS.

PLUG has been the subject of a number of other reports. Morgan Stanley dropped their price objective on Plug Power from $1.75 to $1.60 and set an "underweight" rating for the company in a report on Thursday, March 6th. StockNews.com raised Plug Power to a "sell" rating in a research note on Tuesday, March 4th. BMO Capital Markets dropped their target price on shares of Plug Power from $1.60 to $1.40 and set an "underperform" rating for the company in a research report on Wednesday, March 5th. Piper Sandler reduced their price target on shares of Plug Power from $1.40 to $1.10 and set an "underweight" rating on the stock in a research report on Wednesday, March 5th. Finally, B. Riley dropped their price objective on shares of Plug Power from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $2.29.

Plug Power Trading Down 5.6 %

NASDAQ:PLUG traded down $0.06 during trading hours on Thursday, reaching $1.00. 36,381,687 shares of the company were exchanged, compared to its average volume of 49,446,225. The firm has a market cap of $925.64 million, a price-to-earnings ratio of -0.47 and a beta of 2.07. The stock has a 50 day simple moving average of $1.53 and a 200 day simple moving average of $1.98. Plug Power has a 52-week low of $0.99 and a 52-week high of $4.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95.

Institutional Trading of Plug Power

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in shares of 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 purchasing an additional 265,514 shares during the last quarter. Norges Bank acquired a new position in Plug Power in the fourth quarter worth about $146,465,000. KLP Kapitalforvaltning AS bought a new stake in Plug Power in the fourth quarter valued at about $320,000. American Century Companies Inc. raised its stake in Plug Power by 21.0% during the fourth quarter. American Century Companies Inc. now owns 879,373 shares of the electronics maker's stock valued at $1,873,000 after buying an additional 152,458 shares in the last quarter. Finally, Vanguard Group Inc. grew its position 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 worth $186,244,000 after acquiring an additional 4,491,114 shares in the last quarter. 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.