What is B. Riley’s Estimate for Plug Power Q1 Earnings?

Plug Power Inc. (NASDAQ:PLUG) – Analysts at B. Riley issued their Q1 2025 earnings estimates for shares of Plug Power in a research note issued to investors on Wednesday, March 5th. B. Riley analyst R. Pfingst forecasts that the electronics maker will earn ($0.21) per share for the quarter. B. Riley has a “Buy” rating and a $3.00 price target on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. B. Riley also issued estimates for Plug Power’s Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at ($0.11) EPS and Q4 2025 earnings at ($0.10) EPS.

A number of other equities research analysts have also recently issued reports on PLUG. Truist Financial dropped their target price on shares of Plug Power from $2.00 to $1.50 and set a “hold” rating on the stock in a report on Wednesday. Seaport Res Ptn lowered shares of Plug Power from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Evercore ISI reduced their price target on shares of Plug Power from $5.00 to $4.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. 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. Finally, Wells Fargo & Company cut their target price on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 14th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.40.

Plug Power Trading Up 4.3 %

Plug Power stock opened at $1.69 on Thursday. The firm has a 50-day moving average of $2.09 and a 200-day moving average of $2.11. Plug Power has a one year low of $1.37 and a one year high of $4.90. 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 company has a market cap of $1.54 billion, a price-to-earnings ratio of -0.79 and a beta of 1.79.

Institutional Investors Weigh In On Plug Power

Several institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Plug Power during the fourth quarter worth $146,465,000. Point72 Asset Management L.P. acquired a new position in Plug Power during the fourth quarter worth about $10,370,000. Vanguard Group Inc. boosted its position in Plug Power by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 87,438,503 shares of the electronics maker’s stock worth $186,244,000 after acquiring an additional 4,491,114 shares during the last quarter. Geode Capital Management LLC boosted its position in Plug Power by 23.6% during the third quarter. Geode Capital Management LLC now owns 19,194,629 shares of the electronics maker’s stock worth $43,388,000 after acquiring an additional 3,662,456 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Plug Power in the 4th quarter valued at about $6,235,000. 43.48% of the stock is currently 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.