B. Riley Analysts Boost Earnings Estimates for Plug Power

Plug Power Inc. (NASDAQ:PLUG - Free Report) - B. Riley upped their Q1 2025 earnings per share (EPS) estimates for shares of Plug Power in a research note issued on Tuesday, April 29th. B. Riley analyst R. Pfingst now expects that the electronics maker will post earnings per share of ($0.17) for the quarter, up from their previous forecast of ($0.21). B. Riley currently has a "Buy" rating and a $3.00 target price 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 ($0.12) EPS, FY2025 earnings at ($0.50) EPS and FY2026 earnings at ($0.33) EPS.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets cut their price objective on Plug Power from $1.60 to $1.40 and set an "underperform" rating for the company in a report on Wednesday, March 5th. StockNews.com raised shares of Plug Power to a "sell" rating in a research report on Tuesday, March 4th. 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, March 5th. Susquehanna reduced their price target on Plug Power from $1.80 to $1.25 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Canaccord Genuity Group lowered their price target on Plug Power from $2.00 to $1.25 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Plug Power has a consensus rating of "Hold" and an average price target of $2.29.

Plug Power Stock Down 1.0 %

PLUG stock traded down $0.01 during mid-day trading on Thursday, reaching $0.84. The company had a trading volume of 102,242,369 shares, compared to its average volume of 54,603,971. The company has a market capitalization of $780.02 million, a price-to-earnings ratio of -0.39 and a beta of 2.19. Plug Power has a 52 week low of $0.76 and a 52 week high of $4.90. The stock has a 50 day simple moving average of $1.30 and a two-hundred day simple moving average of $1.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95.

Hedge Funds Weigh In On Plug Power

A number of hedge funds have recently bought and sold shares of PLUG. Pacific Sage Partners LLC bought a new position in shares of Plug Power during the fourth quarter worth approximately $25,000. Oppenheimer & Co. Inc. acquired a new stake in Plug Power during the fourth quarter worth approximately $25,000. Jones Financial Companies Lllp increased its stake in Plug Power by 107.4% during the 4th quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker's stock worth $25,000 after acquiring an additional 6,074 shares during the period. Miracle Mile Advisors LLC acquired a new position in Plug Power in the 1st quarter valued at $26,000. Finally, Callan Family Office LLC bought a new stake in shares of Plug Power during the 4th quarter valued at $27,000. 43.48% of the stock is owned by institutional investors.

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.