Brokers Set Expectations for Plug Power FY2025 Earnings

Plug Power, Inc. (NASDAQ:PLUG) – Research analysts at Seaport Res Ptn lowered their FY2025 earnings per share estimates for Plug Power in a research note issued to investors on Sunday, November 16th. Seaport Res Ptn analyst T. Curran now expects that the electronics maker will post earnings per share of ($0.59) for the year, down from their previous estimate of ($0.58). The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. Seaport Res Ptn also issued estimates for Plug Power’s Q4 2025 earnings at ($0.14) EPS, Q4 2026 earnings at ($0.07) EPS, FY2026 earnings at ($0.33) EPS and FY2027 earnings at ($0.18) EPS.

PLUG has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Plug Power in a report on Wednesday, October 8th. Wells Fargo & Company raised their target price on shares of Plug Power from $1.00 to $1.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. HSBC set a $4.40 price target on Plug Power in a report on Thursday, October 9th. Hsbc Global Res raised Plug Power to a “strong-buy” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen downgraded Plug Power from a “hold” rating to a “sell” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, Plug Power presently has an average rating of “Hold” and a consensus target price of $2.42.

Plug Power Trading Up 2.4%

Shares of PLUG stock opened at $2.14 on Wednesday. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of -0.93 and a beta of 2.28. 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 firm has a 50-day moving average price of $2.74 and a 200 day moving average price of $1.82. Plug Power has a twelve month low of $0.69 and a twelve month high of $4.58.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data on Monday, November 10th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The business had revenue of $177.06 million for the quarter, compared to the consensus estimate of $185.41 million. Plug Power had a negative return on equity of 90.22% and a negative net margin of 292.84%. Plug Power has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Kovack Advisors Inc. acquired a new position in Plug Power in the third quarter valued at $26,000. Yousif Capital Management LLC purchased a new position in shares of Plug Power in the 3rd quarter worth about $27,000. Prakash Investment Advisors LLC purchased a new position in shares of Plug Power in the 3rd quarter worth about $27,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Plug Power in the 3rd quarter valued at about $30,000. Finally, Oak Thistle LLC purchased a new stake in shares of Plug Power during the 3rd quarter worth about $30,000. 43.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Plug Power news, EVP Benjamin Haycraft sold 10,000 shares of Plug Power stock in a transaction on Monday, November 10th. The shares were sold at an average price of $2.92, for a total value of $29,200.00. Following the transaction, the executive vice president owned 467,583 shares in the company, valued at $1,365,342.36. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.41% of the stock is currently owned by corporate insiders.

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.