Q1 Earnings Estimate for Plug Power Issued By Roth Capital

Plug Power Inc. (NASDAQ:PLUG) – Equities research analysts at Roth Capital upped their Q1 2025 earnings per share estimates for Plug Power in a report issued on Tuesday, March 4th. Roth Capital analyst C. Irwin now forecasts that the electronics maker will earn ($0.17) per share for the quarter, up from their prior estimate 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 research analysts also recently commented on the company. Seaport Res Ptn downgraded Plug Power from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. Piper Sandler decreased their price target on shares of Plug Power from $1.40 to $1.10 and set an “underweight” rating on the stock in a report on Wednesday. BTIG Research lowered shares of Plug Power from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. StockNews.com upgraded shares of Plug Power to a “sell” rating in a report on Tuesday. Finally, B. Riley reduced their price target on shares of Plug Power from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.40.

Plug Power Price Performance

Plug Power stock opened at $1.69 on Thursday. The stock’s fifty day moving average price is $2.09 and its two-hundred day moving average price is $2.11. The firm has a market cap of $1.54 billion, a PE ratio of -0.79 and a beta of 1.79. Plug Power has a one year low of $1.37 and a one year high of $4.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95.

Institutional Investors Weigh In On Plug Power

Several hedge funds have recently made changes to their positions in PLUG. Charles Schwab Investment Management Inc. lifted its position in 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 worth $15,000,000 after buying an additional 1,354,500 shares in the last quarter. XTX Topco Ltd bought a new position in Plug Power during the 3rd quarter valued at about $2,174,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Plug Power by 24.5% during 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 last quarter. Stifel Financial Corp increased its position in 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 acquiring an additional 265,514 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in 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 acquiring an additional 265,042 shares in the last quarter. Hedge funds and other 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.