Q1 EPS Estimates for Plug Power Reduced by Seaport Res Ptn

Plug Power Inc. (NASDAQ:PLUG) – Investment analysts at Seaport Res Ptn decreased their Q1 2025 EPS estimates for Plug Power in a research note issued to investors on Monday, April 7th. Seaport Res Ptn analyst T. Curran now expects that the electronics maker will post earnings per share of ($0.21) for the quarter, down from their previous estimate 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.

Several other brokerages also recently weighed in on PLUG. Morgan Stanley reduced their price target on Plug Power from $1.75 to $1.60 and set an “underweight” rating for the company in a report on Thursday, March 6th. Susquehanna reduced their price objective on shares of Plug Power from $2.50 to $1.80 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. BMO Capital Markets dropped their target price on shares of Plug Power from $1.60 to $1.40 and set an “underperform” rating on the stock in a research note 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 for the company in a research report on Wednesday, March 5th. Finally, Truist Financial decreased their price objective on shares of Plug Power from $2.00 to $1.50 and set a “hold” rating for the company in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.33.

Plug Power Stock Up 1.3 %

Shares of NASDAQ:PLUG opened at $1.13 on Thursday. 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 stock has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.99. Plug Power has a 12-month low of $1.08 and a 12-month high of $4.90. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -0.53 and a beta of 2.07.

Institutional Investors Weigh In On Plug Power

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of Plug Power by 53.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,410 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 5,348 shares during the period. Compagnie Lombard Odier SCmA raised its position in Plug Power by 12.8% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 49,000 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 5,550 shares during the period. 49 Wealth Management LLC raised its position in Plug Power by 25.0% in the fourth quarter. 49 Wealth Management LLC now owns 29,180 shares of the electronics maker’s stock worth $62,000 after acquiring an additional 5,834 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Plug Power by 107.4% during the 4th 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. Finally, Avantax Planning Partners Inc. grew its position in shares of Plug Power by 54.0% during the 4th quarter. Avantax Planning Partners Inc. now owns 18,722 shares of the electronics maker’s stock valued at $40,000 after acquiring an additional 6,561 shares during the period. 43.48% of the stock is currently 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.