Plug Power Inc. (NASDAQ:PLUG - Free Report) - Investment analysts at HC Wainwright issued their Q1 2025 EPS estimates for shares of Plug Power in a research report issued to clients and investors on Wednesday, March 5th. HC Wainwright analyst A. Dayal anticipates that the electronics maker will post earnings of ($0.25) per share for the quarter. HC Wainwright currently has a "Buy" rating and a $3.00 target price on the stock. The consensus estimate for Plug Power's current full-year earnings is ($1.21) per share. HC Wainwright also issued estimates for Plug Power's Q2 2025 earnings at ($0.22) EPS, FY2025 earnings at ($0.81) EPS, FY2026 earnings at ($0.59) EPS, FY2027 earnings at ($0.55) EPS and FY2028 earnings at ($0.46) EPS.
Other analysts also recently issued research reports about the stock. Truist Financial dropped their target price on shares of Plug Power from $2.00 to $1.50 and set a "hold" rating on the stock in a research report on Wednesday. Piper Sandler decreased their price objective on shares of Plug Power from $1.40 to $1.10 and set an "underweight" rating for the company in a research note on Wednesday. BMO Capital Markets decreased their price objective on shares of Plug Power from $1.60 to $1.40 and set an "underperform" rating for the company in a research note on Wednesday. B. Riley decreased 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 note on Wednesday. Finally, Canaccord Genuity Group decreased their price objective on shares of Plug Power from $2.00 to $1.25 and set a "hold" rating for the company in a research note on Wednesday. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $2.34.
Check Out Our Latest Analysis on PLUG
Plug Power Stock Performance
NASDAQ:PLUG traded up $0.13 during trading hours on Friday, hitting $1.78. 73,303,360 shares of the company were exchanged, compared to its average volume of 68,526,250. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -0.83 and a beta of 1.98. Plug Power has a 52-week low of $1.37 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. The company's 50 day moving average price is $2.05 and its 200-day moving average price is $2.10.
Hedge Funds Weigh In On Plug Power
A number of large investors have recently added to or reduced their stakes in PLUG. Creative Planning raised its position in Plug Power by 35.9% during the third quarter. Creative Planning now owns 115,614 shares of the electronics maker's stock worth $261,000 after acquiring an additional 30,552 shares during the period. Private Advisor Group LLC raised its position in Plug Power by 53.2% during the third quarter. Private Advisor Group LLC now owns 65,594 shares of the electronics maker's stock worth $148,000 after acquiring an additional 22,770 shares during the period. International Assets Investment Management LLC raised its position in Plug Power by 135.7% during the third quarter. International Assets Investment Management LLC now owns 23,201 shares of the electronics maker's stock worth $52,000 after acquiring an additional 13,357 shares during the period. Van ECK Associates Corp raised its position in Plug Power by 23.6% during the third quarter. Van ECK Associates Corp now owns 4,232,001 shares of the electronics maker's stock worth $8,803,000 after acquiring an additional 809,187 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in Plug Power during the third quarter worth $204,000. 43.48% of the stock is currently owned by institutional investors and hedge funds.
About Plug Power
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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.
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