What is HC Wainwright’s Forecast for Plug Power Q3 Earnings?

Plug Power, Inc. (NASDAQ:PLUG) – Stock analysts at HC Wainwright upped their Q3 2025 earnings per share estimates for shares of Plug Power in a note issued to investors on Wednesday, October 22nd. HC Wainwright analyst A. Dayal now expects that the electronics maker will post earnings per share of ($0.15) for the quarter, up from their prior estimate of ($0.16). HC Wainwright currently has a “Buy” rating and a $7.00 price target on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. HC Wainwright also issued estimates for Plug Power’s FY2025 earnings at ($0.62) EPS and FY2028 earnings at ($0.36) EPS.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Monday, August 11th. The electronics maker reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $173.97 million for the quarter, compared to analysts’ expectations of $157.97 million. Plug Power had a negative net margin of 292.84% and a negative return on equity of 90.22%.

Other equities analysts have also recently issued reports about the company. Susquehanna lifted their price target on Plug Power from $1.80 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Evercore ISI raised Plug Power to a “strong sell” rating in a research note on Tuesday, July 15th. HSBC set a $4.40 price target on Plug Power in a research note on Thursday, October 9th. Hsbc Global Res raised Plug Power to a “strong-buy” rating in a research note on Thursday, October 9th. Finally, Jefferies Financial Group lifted their price target on Plug Power from $0.90 to $1.60 and gave the stock a “hold” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, Plug Power has an average rating of “Hold” and an average price target of $2.54.

Plug Power Stock Performance

Shares of NASDAQ PLUG opened at $2.88 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average is $2.37 and its 200 day moving average is $1.60. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -1.25 and a beta of 2.23. Plug Power has a 1-year low of $0.69 and a 1-year high of $4.58.

Institutional Investors Weigh In On Plug Power

A number of large investors have recently made changes to their positions in PLUG. Heights Capital Management Inc. bought a new stake in shares of Plug Power in the 1st quarter worth approximately $31,174,000. Legal & General Group Plc grew its position in shares of Plug Power by 59.9% in the 2nd quarter. Legal & General Group Plc now owns 16,980,865 shares of the electronics maker’s stock worth $25,301,000 after buying an additional 6,364,483 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Plug Power by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 91,368,845 shares of the electronics maker’s stock worth $123,348,000 after buying an additional 3,930,342 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Plug Power by 365,934.4% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,795,777 shares of the electronics maker’s stock worth $5,656,000 after buying an additional 3,794,740 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Plug Power by 14.9% in the 2nd quarter. Geode Capital Management LLC now owns 24,071,904 shares of the electronics maker’s stock worth $35,872,000 after buying an additional 3,125,542 shares during the last quarter. 43.48% of the stock is currently owned by institutional investors.

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.