FY2025 EPS Estimates for Plug Power Cut by HC Wainwright

Plug Power Inc. (NASDAQ:PLUG) – HC Wainwright reduced their FY2025 earnings per share estimates for Plug Power in a research note issued on Monday, November 18th. HC Wainwright analyst A. Dayal now expects that the electronics maker will post earnings per share of ($0.75) for the year, down from their prior forecast of ($0.49). HC Wainwright has a “Buy” rating and a $18.00 price target 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.

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

Other analysts also recently issued research reports about the stock. Jefferies Financial Group dropped their price target on shares of Plug Power from $2.20 to $2.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Truist Financial cut their target price on shares of Plug Power from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, August 12th. Craig Hallum decreased their target price on shares of Plug Power from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Evercore ISI cut their price objective on Plug Power from $5.00 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Finally, Piper Sandler lowered their target price on Plug Power from $1.60 to $1.40 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Plug Power presently has a consensus rating of “Hold” and an average price target of $4.52.

Plug Power Price Performance

Shares of PLUG opened at $1.89 on Wednesday. Plug Power has a twelve month low of $1.60 and a twelve month high of $5.14. The company has a market capitalization of $1.73 billion, a P/E ratio of -0.88 and a beta of 1.81. The firm has a 50 day moving average of $2.08 and a 200 day moving average of $2.39. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15.

Institutional Trading of Plug Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. grew its holdings in Plug Power by 44.3% during the third quarter. Vontobel Holding Ltd. now owns 3,426,354 shares of the electronics maker’s stock worth $7,744,000 after acquiring an additional 1,051,400 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Plug Power by 5.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 600,188 shares of the electronics maker’s stock worth $2,065,000 after purchasing an additional 33,311 shares during the period. Gabelli Funds LLC increased its holdings in shares of Plug Power by 42.9% in the 1st quarter. Gabelli Funds LLC now owns 250,000 shares of the electronics maker’s stock valued at $860,000 after purchasing an additional 75,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Plug Power by 25.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,945,162 shares of the electronics maker’s stock valued at $4,532,000 after purchasing an additional 400,120 shares during the period. Finally, Diversified Trust Co purchased a new stake in Plug Power during the second quarter worth about $35,000. 43.48% of the stock is owned by hedge funds and other institutional investors.

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.