Roth Capital Analysts Lift Earnings Estimates for Plug Power

Plug Power Inc. (NASDAQ:PLUG) – Equities researchers at Roth Capital increased their Q1 2025 EPS estimates for shares of Plug Power in a research report issued on Tuesday, March 4th. Roth Capital analyst C. Irwin now expects that the electronics maker will post earnings of ($0.17) per share for the quarter, up from their previous forecast of ($0.18). The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. Roth Capital also issued estimates for Plug Power’s FY2025 earnings at ($0.53) EPS.

Several other equities analysts have also issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating for the company in a report on Thursday, November 14th. Susquehanna decreased their price target on shares of Plug Power from $2.50 to $1.80 and set a “neutral” rating for the company in a report on Wednesday. HC Wainwright decreased their price target on shares of Plug Power from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday. Seaport Res Ptn lowered shares of Plug Power from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Finally, StockNews.com raised shares of Plug Power to a “sell” rating in a research note on Tuesday. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Plug Power presently has an average rating of “Hold” and a consensus price target of $2.34.

Plug Power Price Performance

Shares of PLUG stock opened at $1.65 on Thursday. Plug Power has a 12-month low of $1.37 and a 12-month high of $4.90. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -0.77 and a beta of 1.79. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $2.08 and a 200-day moving average of $2.10.

Institutional Investors Weigh In On Plug Power

Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Plug Power by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,637,039 shares of the electronics maker’s stock valued at $15,000,000 after purchasing an additional 1,354,500 shares during the period. XTX Topco Ltd bought a new stake in shares of Plug Power in the 3rd quarter valued at about $2,174,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Plug Power by 24.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,421,222 shares of the electronics maker’s stock valued at $5,472,000 after purchasing an additional 476,060 shares during the period. Stifel Financial Corp raised its holdings in shares of Plug Power by 23.4% in the 3rd quarter. Stifel Financial Corp now owns 1,398,398 shares of the electronics maker’s stock valued at $3,160,000 after purchasing an additional 265,514 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Plug Power by 166.4% in the 3rd quarter. MetLife Investment Management LLC now owns 424,297 shares of the electronics maker’s stock valued at $959,000 after purchasing an additional 265,042 shares during the period. 43.48% of the stock is owned by 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.