Seaport Res Ptn Reduces Earnings Estimates for Plug Power

Plug Power Inc. (NASDAQ:PLUG) – Equities research analysts at Seaport Res Ptn lowered their Q1 2025 earnings estimates for Plug Power in a report issued on Monday, April 7th. Seaport Res Ptn analyst T. Curran now expects that the electronics maker will post earnings per share of ($0.21) for the quarter, down from their previous estimate of ($0.20). Seaport Res Ptn currently has a “Strong Sell” rating on the stock. 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 Q2 2025 earnings at ($0.18) EPS, Q3 2025 earnings at ($0.16) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.67) EPS, Q1 2026 earnings at ($0.11) EPS, Q2 2026 earnings at ($0.10) EPS, Q3 2026 earnings at ($0.08) EPS, Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($0.37) EPS and FY2027 earnings at ($0.22) EPS.

Other analysts have also issued research reports about the stock. Morgan Stanley lowered their price target on shares of Plug Power from $1.75 to $1.60 and set an “underweight” rating for the company in a report on Thursday, March 6th. BMO Capital Markets reduced their price target on shares of Plug Power from $1.60 to $1.40 and set an “underperform” rating on the stock in a research report on Wednesday, March 5th. Piper Sandler reduced their price target on shares of Plug Power from $1.40 to $1.10 and set an “underweight” rating on the stock in a research report on Wednesday, March 5th. Canaccord Genuity Group reduced their price target on shares of Plug Power from $2.00 to $1.25 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Finally, UBS Group reduced their price target on shares of Plug Power from $2.50 to $1.75 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.33.

Plug Power Stock Performance

Shares of Plug Power stock opened at $1.21 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95. The firm has a market cap of $1.12 billion, a P/E ratio of -0.57 and a beta of 2.07. The firm has a 50 day simple moving average of $1.58 and a 200 day simple moving average of $2.01. Plug Power has a fifty-two week low of $1.08 and a fifty-two week high of $4.90.

Institutional Investors Weigh In On Plug Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp increased its stake 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 buying an additional 265,514 shares during the last quarter. Norges Bank acquired a new stake in Plug Power in the 4th quarter valued at $146,465,000. KLP Kapitalforvaltning AS acquired a new stake in Plug Power in the 4th quarter valued at $320,000. Bank of New York Mellon Corp increased its stake in Plug Power by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,452,369 shares of the electronics maker’s stock valued at $5,224,000 after buying an additional 183,438 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Plug Power by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 87,438,503 shares of the electronics maker’s stock worth $186,244,000 after purchasing an additional 4,491,114 shares during the last quarter. 43.48% of the stock is currently owned by institutional investors and hedge funds.

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.