HC Wainwright Decreases Earnings Estimates for Plug Power

Plug Power, Inc. (NASDAQ:PLUG) – Stock analysts at HC Wainwright dropped their FY2025 EPS estimates for Plug Power in a note issued to investors on Tuesday, November 11th. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will earn ($0.64) per share for the year, down from their prior estimate of ($0.62). HC Wainwright has a “Buy” rating and a $7.00 price objective 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 Q4 2025 earnings at ($0.17) EPS, FY2026 earnings at ($0.43) EPS, FY2027 earnings at ($0.39) EPS, FY2028 earnings at ($0.30) EPS and FY2029 earnings at ($0.19) EPS.

Plug Power (NASDAQ:PLUG) last released its earnings results on Monday, November 10th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. Plug Power had a negative net margin of 292.84% and a negative return on equity of 90.22%. The firm had revenue of $177.06 million during the quarter, compared to analyst estimates of $185.41 million. Plug Power has set its FY 2025 guidance at EPS.

A number of other analysts have also weighed in on the stock. Hsbc Global Res upgraded shares of Plug Power to a “strong-buy” rating in a research note on Thursday, October 9th. Jefferies Financial Group raised their price target on shares of Plug Power from $0.90 to $1.60 and gave the company a “hold” rating in a research report on Wednesday, July 23rd. Canaccord Genuity Group increased their target price on Plug Power from $1.25 to $2.50 and gave the company a “hold” rating in a research note on Tuesday. Wells Fargo & Company boosted their price target on Plug Power from $1.00 to $1.50 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Finally, Wall Street Zen raised Plug Power from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Plug Power currently has a consensus rating of “Hold” and an average price target of $2.54.

Plug Power Trading Up 8.3%

NASDAQ PLUG opened at $2.74 on Thursday. Plug Power has a 12 month low of $0.69 and a 12 month high of $4.58. The company has a current ratio of 1.59, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average price is $2.68 and its 200-day moving average price is $1.77. The stock has a market cap of $3.16 billion, a P/E ratio of -1.19 and a beta of 2.28.

Insider Buying and Selling

In other Plug Power news, EVP Benjamin Haycraft sold 10,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $2.92, for a total value of $29,200.00. Following the transaction, the executive vice president directly owned 467,583 shares in the company, valued at approximately $1,365,342.36. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.41% of the company’s stock.

Institutional Investors Weigh In On Plug Power

Several hedge funds and other institutional investors have recently modified their holdings of PLUG. Vanguard Group Inc. lifted its position in Plug Power by 7.6% during the third quarter. Vanguard Group Inc. now owns 109,631,956 shares of the electronics maker’s stock valued at $255,442,000 after purchasing an additional 7,789,039 shares in the last quarter. Geode Capital Management LLC increased its position in Plug Power by 14.9% in the second quarter. Geode Capital Management LLC now owns 24,071,904 shares of the electronics maker’s stock worth $35,872,000 after buying an additional 3,125,542 shares in the last quarter. Heights Capital Management Inc. purchased a new stake in Plug Power in the first quarter worth about $31,174,000. Legal & General Group Plc raised its stake in shares of Plug Power by 59.9% in the second quarter. Legal & General Group Plc now owns 16,980,865 shares of the electronics maker’s stock worth $25,301,000 after buying an additional 6,364,483 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Plug Power by 45.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,027,081 shares of the electronics maker’s stock valued at $11,743,000 after buying an additional 2,521,348 shares in the last quarter. 43.48% of the stock is currently owned by hedge funds and other institutional investors.

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.