Research Analysts Issue Forecasts for Plug Power Q2 Earnings

Plug Power Inc. (NASDAQ:PLUG) – Research analysts at HC Wainwright upped their Q2 2025 earnings per share estimates for Plug Power in a research report issued to clients and investors on Tuesday, May 13th. HC Wainwright analyst A. Dayal now anticipates that the electronics maker will post earnings per share of ($0.17) for the quarter, up from their previous forecast of ($0.22). 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 Q3 2025 earnings at ($0.15) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.65) EPS, FY2026 earnings at ($0.51) EPS, FY2027 earnings at ($0.48) EPS, FY2028 earnings at ($0.40) EPS and FY2029 earnings at ($0.29) EPS.

Plug Power (NASDAQ:PLUG) last posted its quarterly earnings data on Monday, May 12th. The electronics maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.01). Plug Power had a negative return on equity of 46.99% and a negative net margin of 214.05%. The company had revenue of $133.67 million during the quarter, compared to the consensus estimate of $130.92 million.

PLUG has been the subject of several other research reports. UBS Group cut their target price on Plug Power from $2.50 to $1.75 and set a “neutral” rating for the company in a research report on Friday, March 21st. Truist Financial cut their target price on Plug Power from $2.00 to $1.50 and set a “hold” rating for the company in a research report on Wednesday, March 5th. StockNews.com upgraded Plug Power to a “sell” rating in a report on Tuesday. BMO Capital Markets reduced their price objective on Plug Power from $1.60 to $1.40 and set an “underperform” rating on the stock in a research note on Wednesday, March 5th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Plug Power in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Plug Power presently has a consensus rating of “Hold” and a consensus price target of $1.99.

Plug Power Stock Performance

NASDAQ:PLUG opened at $0.70 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. Plug Power has a 12-month low of $0.70 and a 12-month high of $3.55. The stock has a 50-day moving average price of $1.15 and a 200 day moving average price of $1.78. The stock has a market capitalization of $715.43 million, a P/E ratio of -0.33 and a beta of 2.19.

Hedge Funds Weigh In On Plug Power

A number of large investors have recently bought and sold shares of PLUG. Pacific Sage Partners LLC bought a new stake in Plug Power during the 4th quarter valued at $25,000. Oppenheimer & Co. Inc. bought a new stake in Plug Power during the 4th quarter valued at $25,000. Jones Financial Companies Lllp raised its position in Plug Power by 107.4% during the 4th quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 6,074 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in Plug Power during the 1st quarter valued at $26,000. Finally, Callan Family Office LLC bought a new position in shares of Plug Power in the 4th quarter worth $27,000. Hedge funds and other 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.