Seaport Res Ptn Boosts Earnings Estimates for Plug Power

Plug Power Inc. (NASDAQ:PLUG) – Research analysts at Seaport Res Ptn boosted their Q3 2025 earnings estimates for Plug Power in a note issued to investors on Thursday, May 15th. Seaport Res Ptn analyst T. Curran now forecasts that the electronics maker will post earnings of ($0.15) per share for the quarter, up from their prior estimate of ($0.16). Seaport Res Ptn 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 Q4 2025 earnings at ($0.12) EPS, FY2025 earnings at ($0.66) EPS, Q2 2026 earnings at ($0.11) EPS, Q3 2026 earnings at ($0.09) EPS, Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.41) EPS and FY2027 earnings at ($0.28) EPS.

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

PLUG has been the topic of a number of other research reports. Susquehanna dropped their price target on Plug Power from $1.80 to $1.25 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Morgan Stanley dropped their price target on Plug Power from $1.25 to $0.50 and set an “underweight” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their price target on Plug Power from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 14th. Truist Financial dropped their price target on Plug Power from $2.00 to $1.50 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Finally, B. Riley dropped their price target on Plug Power from $4.00 to $3.00 and set a “buy” rating on the stock in a research note 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 issued a buy rating to the company. According to MarketBeat.com, Plug Power currently has an average rating of “Hold” and a consensus target price of $1.91.

Plug Power Stock Performance

Shares of Plug Power stock opened at $0.79 on Monday. The company has a market capitalization of $850.60 million, a PE ratio of -0.37 and a beta of 2.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 2.08. The company has a 50-day simple moving average of $1.11 and a two-hundred day simple moving average of $1.76. Plug Power has a one year low of $0.69 and a one year high of $3.55.

Insider Activity at Plug Power

In other news, CFO Paul B. Middleton bought 350,000 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average price of $0.72 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,908,064 shares in the company, valued at approximately $1,373,806.08. This represents a 22.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mariner LLC lifted its holdings in Plug Power by 29.7% in the fourth quarter. Mariner LLC now owns 177,839 shares of the electronics maker’s stock valued at $379,000 after acquiring an additional 40,710 shares during the period. Norges Bank acquired a new position in Plug Power in the fourth quarter valued at approximately $146,465,000. Wells Fargo & Company MN lifted its holdings in Plug Power by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,685,413 shares of the electronics maker’s stock valued at $5,720,000 after acquiring an additional 70,187 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Plug Power in the fourth quarter valued at approximately $320,000. Finally, Northern Trust Corp lifted its holdings in Plug Power by 11.1% in the fourth quarter. Northern Trust Corp now owns 7,907,687 shares of the electronics maker’s stock valued at $16,843,000 after acquiring an additional 790,650 shares during the period. 43.48% of the stock is owned by institutional investors and hedge funds.

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.