Q1 Earnings Estimate for Plug Power Issued By Roth Capital

Plug Power Inc. (NASDAQ:PLUG) – Investment analysts at Roth Capital issued their Q1 2025 earnings per share (EPS) estimates for shares of Plug Power in a research note issued on Tuesday, November 12th. Roth Capital analyst C. Irwin anticipates that the electronics maker will post earnings of ($0.18) per share for the quarter. The consensus estimate for Plug Power’s current full-year earnings is ($1.16) per share. Roth Capital also issued estimates for Plug Power’s Q2 2025 earnings at ($0.17) EPS and Q3 2025 earnings at ($0.11) EPS.

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

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group cut their price objective on shares of Plug Power from $2.50 to $2.25 and set a “hold” rating on the stock in a research report on Wednesday. Truist Financial reduced their price objective on 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 dropped their target price on Plug Power from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Sandler reduced their price target on Plug Power from $1.60 to $1.40 and set an “underweight” rating for the company in a research report on Thursday. Finally, HC Wainwright reiterated a “buy” rating and issued a $18.00 price objective on shares of Plug Power in a report on Wednesday. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.52.

Plug Power Stock Performance

Shares of PLUG opened at $1.87 on Thursday. The firm has a market cap of $1.64 billion, a P/E ratio of -0.87 and a beta of 1.81. Plug Power has a twelve month low of $1.60 and a twelve month high of $5.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 2.08. The firm’s 50 day moving average price is $2.08 and its two-hundred day moving average price is $2.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Swedbank AB bought a new position in Plug Power during the first quarter worth $10,687,000. SG Americas Securities LLC grew its stake in Plug Power by 134.0% in the 2nd quarter. SG Americas Securities LLC now owns 2,458,537 shares of the electronics maker’s stock valued at $5,728,000 after buying an additional 1,407,858 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $15,000,000 after acquiring an additional 1,354,500 shares during the period. Vontobel Holding Ltd. lifted its position 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 last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Plug Power by 69.4% during the second quarter. Bank of New York Mellon Corp now owns 2,530,346 shares of the electronics maker’s stock worth $5,896,000 after acquiring an additional 1,036,777 shares during the period. 43.48% of the stock is owned by institutional investors and hedge funds.

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.