FY2025 EPS Estimates for Plug Power Cut by HC Wainwright

Plug Power Inc. (NASDAQ:PLUG) – HC Wainwright cut their FY2025 earnings per share (EPS) estimates for Plug Power in a report issued on Monday, November 18th. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will post earnings of ($0.75) per share for the year, down from their prior estimate of ($0.49). HC Wainwright currently has a “Buy” rating and a $18.00 target price on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.20) per share. HC Wainwright also issued estimates for Plug Power’s FY2026 earnings at ($0.51) EPS, FY2027 earnings at ($0.45) EPS and FY2028 earnings at ($0.37) EPS.

A number of other research firms have also recently issued reports on PLUG. Royal Bank of Canada cut their price target on Plug Power from $3.50 to $2.50 and set a “sector perform” rating for the company in a report on Monday, August 12th. BTIG Research lowered shares of Plug Power from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Jefferies Financial Group dropped their price objective on Plug Power from $2.20 to $2.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Evercore ISI cut their price objective on shares of Plug Power from $5.00 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group lowered their target price on shares of Plug Power from $2.50 to $2.25 and set a “hold” rating for the company in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.52.

Plug Power Stock Performance

Plug Power stock opened at $1.92 on Wednesday. The firm has a market capitalization of $1.75 billion, a P/E ratio of -0.90 and a beta of 1.81. The stock has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $2.39. Plug Power has a 52-week low of $1.60 and a 52-week high of $5.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Tuesday, November 12th. The electronics maker reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). The firm had revenue of $173.70 million for the quarter, compared to the consensus estimate of $207.25 million. Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.47) earnings per share.

Institutional Investors Weigh In On Plug Power

A number of institutional investors and hedge funds have recently modified their holdings of the company. SteelPeak Wealth LLC purchased a new stake in shares of Plug Power during the 2nd quarter valued at $26,000. Nations Financial Group Inc. IA ADV purchased a new stake in Plug Power during the second quarter valued at about $26,000. Aire Advisors LLC bought a new stake in Plug Power during the second quarter worth about $28,000. Madison Park Capital Advisors LLC purchased a new position in shares of Plug Power in the 2nd quarter worth about $29,000. Finally, Profund Advisors LLC bought a new position in shares of Plug Power during the 2nd quarter valued at about $29,000. 43.48% of the stock is 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.