B. Riley Issues Pessimistic Forecast for Plug Power Earnings

Plug Power, Inc. (NASDAQ:PLUG - Free Report) - Equities research analysts at B. Riley decreased their Q2 2025 earnings per share estimates for Plug Power in a note issued to investors on Thursday, July 10th. B. Riley analyst R. Pfingst now expects that the electronics maker will post earnings per share of ($0.15) for the quarter, down from their previous estimate of ($0.12). 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 Q3 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.58) EPS and FY2026 earnings at ($0.34) EPS.

A number of other research firms have also weighed in on PLUG. UBS Group lowered their target price on Plug Power from $2.50 to $1.75 and set a "neutral" rating for the company in a research note on Friday, March 21st. Susquehanna reduced their price target on Plug Power from $1.80 to $1.25 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wall Street Zen upgraded Plug Power to a "sell" rating in a report on Tuesday, May 13th. Roth Capital restated a "buy" rating on shares of Plug Power in a report on Tuesday, May 13th. Finally, Piper Sandler reduced their price target on Plug Power from $1.10 to $0.80 and set an "underweight" rating on the stock in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $1.83.

Plug Power Trading Down 3.6%

Shares of PLUG stock opened at $1.62 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.95 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $1.08 and a two-hundred day moving average price of $1.47. Plug Power has a 12-month low of $0.69 and a 12-month high of $3.34. The firm has a market cap of $1.86 billion, a P/E ratio of -0.66 and a beta of 2.29.

Plug Power (NASDAQ:PLUG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The electronics maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.01). Plug Power had a negative return on equity of 82.21% and a negative net margin of 312.29%. The firm had revenue of $133.67 million for the quarter, compared to the consensus estimate of $130.92 million.

Institutional Investors Weigh In On Plug Power

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mariner LLC increased its stake in shares of Plug Power by 29.7% in the 4th quarter. Mariner LLC now owns 177,839 shares of the electronics maker's stock worth $379,000 after purchasing an additional 40,710 shares in the last quarter. Norges Bank purchased a new stake in shares of Plug Power in the 4th quarter worth $146,465,000. Wells Fargo & Company MN increased its stake in shares of Plug Power by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,685,413 shares of the electronics maker's stock worth $5,720,000 after purchasing an additional 70,187 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Plug Power in the 4th quarter worth $320,000. Finally, Two Sigma Investments LP increased its stake in Plug Power by 387.7% in the 4th quarter. Two Sigma Investments LP now owns 969,327 shares of the electronics maker's stock worth $2,065,000 after buying an additional 770,564 shares in the last quarter. 43.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Plug Power

In other news, insider Paul B. Middleton purchased 650,000 shares of the stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $1.03 per share, with a total value of $669,500.00. Following the acquisition, the insider directly owned 2,558,064 shares of the company's stock, valued at $2,634,805.92. This represents a 34.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.41% of the stock is owned by 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.

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