HC Wainwright Has Lowered Expectations for Plug Power (NASDAQ:PLUG) Stock Price

Plug Power (NASDAQ:PLUG) had its target price lowered by equities researchers at HC Wainwright from $5.00 to $3.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s price target indicates a potential upside of 81.82% from the company’s current price. HC Wainwright also issued estimates for Plug Power’s Q3 2025 earnings at ($0.19) EPS, Q4 2025 earnings at ($0.15) EPS and FY2029 earnings at ($0.34) EPS.

Several other research firms have also recently commented on PLUG. Canaccord Genuity Group decreased their price target 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. Wells Fargo & Company decreased their target price on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating for the company in a research note on Thursday, November 14th. StockNews.com raised shares of Plug Power to a “sell” rating in a research note on Tuesday. Piper Sandler reduced their price objective on Plug Power from $1.60 to $1.40 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Finally, Evercore ISI lowered their target price on Plug Power from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Six investment 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, Plug Power has a consensus rating of “Hold” and an average target price of $2.34.

Plug Power Trading Down 2.4 %

Shares of NASDAQ PLUG opened at $1.65 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. Plug Power has a one year low of $1.37 and a one year high of $4.90. The business has a 50-day moving average price of $2.08 and a two-hundred day moving average price of $2.10. The firm has a market capitalization of $1.50 billion, a PE ratio of -0.77 and a beta of 1.79.

Hedge Funds Weigh In On Plug Power

A number of institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in Plug Power in the 4th quarter valued at $25,000. Pacific Sage Partners LLC acquired a new position in Plug Power during the 4th quarter worth $25,000. Jones Financial Companies Lllp boosted its holdings in Plug Power by 107.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 6,074 shares during the period. Callan Family Office LLC acquired a new stake in shares of Plug Power in the fourth quarter valued at about $27,000. Finally, Ground Swell Capital LLC bought a new position in shares of Plug Power in the fourth quarter worth about $27,000. Institutional investors own 43.48% of the company’s stock.

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.