FY2030 EPS Estimates for Plug Power Boosted by HC Wainwright

Plug Power, Inc. (NASDAQ:PLUG) – HC Wainwright lifted their FY2030 earnings per share (EPS) estimates for Plug Power in a research note issued to investors on Tuesday, May 12th. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will post earnings of $0.15 per share for the year, up from their previous estimate of $0.09. HC Wainwright has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($0.30) per share.

Other equities research analysts have also recently issued reports about the stock. BTIG Research restated a “neutral” rating on shares of Plug Power in a report on Tuesday, March 3rd. Jefferies Financial Group cut their price objective on shares of Plug Power from $2.00 to $1.80 and set a “hold” rating on the stock in a research report on Monday, March 9th. Oppenheimer restated a “market perform” rating on shares of Plug Power in a research note on Tuesday, March 3rd. TD Cowen boosted their target price on Plug Power from $2.00 to $3.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Susquehanna upped their price target on Plug Power from $2.75 to $3.75 and gave the stock a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Plug Power currently has an average rating of “Hold” and an average target price of $3.13.

Plug Power Stock Up 1.1%

Plug Power stock opened at $3.56 on Wednesday. The company has a market capitalization of $4.97 billion, a PE ratio of -2.70 and a beta of 2.06. Plug Power has a 12-month low of $0.69 and a 12-month high of $4.58. The firm’s fifty day moving average is $2.64 and its 200 day moving average is $2.37. The company has a quick ratio of 1.46, a current ratio of 2.31 and a debt-to-equity ratio of 0.64.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Monday, May 11th. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $163.51 million during the quarter, compared to the consensus estimate of $139.87 million. Plug Power had a negative net margin of 227.13% and a negative return on equity of 43.68%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PLUG. Vanguard Group Inc. raised its holdings in shares of Plug Power by 18.2% in the 4th quarter. Vanguard Group Inc. now owns 129,599,295 shares of the electronics maker’s stock worth $255,311,000 after acquiring an additional 19,967,339 shares during the last quarter. SG Americas Securities LLC boosted its stake in Plug Power by 208.6% during the 4th quarter. SG Americas Securities LLC now owns 1,119,191 shares of the electronics maker’s stock valued at $2,205,000 after purchasing an additional 756,510 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Plug Power by 188,201.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 781,452 shares of the electronics maker’s stock worth $1,539,000 after purchasing an additional 781,037 shares in the last quarter. Bouvel Investment Partners LLC increased its holdings in Plug Power by 2,210.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 346,556 shares of the electronics maker’s stock worth $683,000 after purchasing an additional 331,556 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Plug Power by 82.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,914 shares of the electronics maker’s stock worth $1,038,000 after purchasing an additional 238,443 shares during the last quarter. 43.48% of the stock is currently owned by institutional investors and hedge funds.

Key Plug Power News

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Canaccord Genuity raised Plug Power’s price target to $4.00 from $2.50, signaling improved confidence in the company’s turnaround prospects while keeping a Hold rating. Plug Power (NASDAQ:PLUG) Price Target Raised to $4.00 at Canaccord Genuity Group
• Positive Sentiment: Plug Power reported first-quarter revenue of $163.5 million, above expectations, with EPS also beating estimates as margins improved meaningfully year over year. Plug Power reports first quarter earnings beat on narrower losses, margins progress
• Positive Sentiment: Investors are encouraged by management’s outlook for 13% to 15% sales growth in 2026 and the goal of positive EBITDA in the fourth quarter, reinforcing the turnaround narrative. Plug Power targets 13%-15% 2026 sales growth while aiming for positive EBITDAS in Q4
• Neutral Sentiment: Canaccord’s higher target is still paired with only a Hold rating, suggesting Wall Street sees progress but remains cautious on execution. Plug Power (NASDAQ:PLUG) Price Target Raised to $4.00 at Canaccord Genuity Group
• Neutral Sentiment: Plug Power disclosed a new international operations risk tied to geopolitical tensions that could disrupt shipping routes and affect financial performance. Geopolitical Tensions Threaten Plug Power’s Global Shipping Routes and Financial Performance
• Negative Sentiment: The company still posted a GAAP loss, and profitability remains distant despite the better quarter, so investors may stay sensitive to execution and cash-flow risks. Plug Power (PLUG) Stock Rises as Q1 Sales and Margins Improve, but Profitability Still Looks Far Off

Plug Power Company Profile

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.