Q1 Earnings Estimate for Plug Power Issued By HC Wainwright

Plug Power, Inc. (NASDAQ:PLUG) – Investment analysts at HC Wainwright issued their Q1 2026 earnings per share (EPS) estimates for shares of Plug Power in a research report issued to clients and investors on Tuesday, March 3rd. HC Wainwright analyst A. Dayal expects that the electronics maker will post earnings per share of ($0.11) for the quarter. HC Wainwright currently has a “Buy” rating and a $7.00 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 2026 earnings at ($0.10) EPS, Q3 2026 earnings at ($0.08) EPS and FY2030 earnings at $0.09 EPS.

Several other brokerages have also issued reports on PLUG. TD Cowen lowered shares of Plug Power from a “buy” rating to a “hold” rating in a report on Friday, January 9th. BMO Capital Markets reaffirmed an “underperform” rating and set a $1.00 target price on shares of Plug Power in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Plug Power in a report on Thursday, January 22nd. Oppenheimer reissued a “market perform” rating on shares of Plug Power in a report on Tuesday. Finally, Clear Str raised Plug Power from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.73.

Plug Power Stock Up 23.2%

Shares of NASDAQ PLUG opened at $2.23 on Wednesday. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -0.94 and a beta of 1.92. The company has a current ratio of 1.32, a quick ratio of 0.70 and a debt-to-equity ratio of 0.24. Plug Power has a 12 month low of $0.69 and a 12 month high of $4.58. The stock has a 50-day moving average price of $2.12 and a two-hundred day moving average price of $2.27.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Monday, March 2nd. The electronics maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. Plug Power had a negative return on equity of 105.98% and a negative net margin of 313.69%.The business had revenue of $225.22 million during the quarter, compared to the consensus estimate of $217.38 million. During the same period in the prior year, the company earned ($1.48) EPS.

Insider Activity

In related news, insider Jose Luis Crespo acquired 37,300 shares of the stock in a transaction dated Monday, December 15th. The stock was bought at an average cost of $2.34 per share, for a total transaction of $87,282.00. Following the completion of the transaction, the insider directly owned 307,332 shares of the company’s stock, valued at $719,156.88. The trade was a 13.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Benjamin Haycraft sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $2.20, for a total value of $88,000.00. Following the completion of the sale, the insider owned 373,809 shares in the company, valued at $822,379.80. The trade was a 9.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Plug Power by 18.2% in the 4th quarter. Vanguard Group Inc. now owns 129,599,295 shares of the electronics maker’s stock valued at $255,311,000 after purchasing an additional 19,967,339 shares during the last quarter. State Street Corp lifted its holdings in Plug Power by 29.9% in the fourth quarter. State Street Corp now owns 32,258,283 shares of the electronics maker’s stock valued at $63,549,000 after buying an additional 7,416,943 shares during the period. Geode Capital Management LLC lifted its holdings in Plug Power by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 31,268,670 shares of the electronics maker’s stock valued at $61,611,000 after buying an additional 3,456,323 shares during the period. Legal & General Group Plc boosted its position in Plug Power by 4.2% during the third quarter. Legal & General Group Plc now owns 17,695,077 shares of the electronics maker’s stock valued at $41,230,000 after acquiring an additional 714,212 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Plug Power during the 4th quarter worth about $27,684,000. Institutional investors and hedge funds own 43.48% of the company’s stock.

Trending Headlines about Plug Power

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Q4 results beat and margin turnaround — Plug reported higher revenue, positive Q4 gross margin and an adjusted EPS loss narrower than consensus; management outlined targets including positive EBITDAS later in 2026. Press Release
• Positive Sentiment: Market reaction and analyst support — Shares rallied after the report and HC Wainwright reaffirmed a “buy” with a $7 price target, signaling sizable upside vs. current levels. Analyst Note
• Positive Sentiment: New CEO assumed role (Jose Luis Crespo) — Management change emphasizes commercial and operational discipline, which investors interpret as supportive of execution and margin improvement. CEO Announcement
• Positive Sentiment: Heavy call‑option activity — Unusually large call buying suggests short‑term bullish positioning from traders, amplifying upside pressure on the stock (no external link).
• Neutral Sentiment: Asset sale to Stream Data Centers — Plug agreed to sell a New York site to Stream; could modestly improve cash/asset posture but impact depends on deal economics. Site Sale
• Neutral Sentiment: Analyst and media coverage parsing metrics — Several outlets (Zacks, Seeking Alpha, Invezz) are highlighting revenue growth and narrowing losses while noting remaining execution and liquidity questions. Zacks Analysis SA Note
• Negative Sentiment: Multiple securities‑fraud class actions and law‑firm solicitations — Several firms have filed suits or are soliciting lead plaintiffs for the same Class Period, creating legal risk, potential discovery, and reputational drag. Examples: Rosen (Newsfile), Pomerantz (GlobeNewswire), and investor reminders from BFA Law. Rosen Notice Pomerantz Filing BFA Law Alert

Plug Power Company Profile

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.