B. Riley Has Positive Outlook of Plug Power FY2025 Earnings

Plug Power Inc. (NASDAQ:PLUG) – Stock analysts at B. Riley boosted their FY2025 EPS estimates for shares of Plug Power in a report released on Wednesday, March 5th. B. Riley analyst R. Pfingst now anticipates that the electronics maker will post earnings of ($0.56) per share for the year, up from their previous estimate of ($0.60). B. Riley currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. B. Riley also issued estimates for Plug Power’s FY2026 earnings at ($0.35) EPS.

Other analysts have also issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 14th. BTIG Research downgraded shares of Plug Power from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Seaport Res Ptn downgraded shares of Plug Power from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. Susquehanna cut 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. Finally, StockNews.com raised shares of Plug Power to a “sell” rating in a report on Tuesday. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Plug Power has a consensus rating of “Hold” and an average price target of $2.34.

Plug Power Price Performance

Shares of Plug Power stock opened at $1.78 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 2.08. The firm’s 50-day simple moving average is $2.06 and its 200-day simple moving average is $2.10. Plug Power has a twelve month low of $1.37 and a twelve month high of $4.90. The firm has a market cap of $1.62 billion, a P/E ratio of -0.83 and a beta of 1.79.

Institutional Inflows and Outflows

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

About Plug Power

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.