Brokers Offer Predictions for Plug Power FY2026 Earnings

Key Points

• Roth Capital forecasts Plug Power will report earnings of ($0.40) per share for FY2026, while the current consensus estimate is ($1.21) per share.
• Plug Power's recent quarterly earnings showed a loss of ($0.16) per share, missing estimates, but revenue exceeded expectations at $173.97 million.
• Following various analysts' evaluations, Plug Power has a consensus rating of "Hold" and an average price target of $1.84, with several firms adjusting their price targets downward.

Plug Power, Inc. (NASDAQ:PLUG - Free Report) - Analysts at Roth Capital issued their FY2026 earnings estimates for shares of Plug Power in a research note issued on Tuesday, August 12th. Roth Capital analyst C. Irwin forecasts that the electronics maker will post earnings of ($0.40) per share for the year. Roth Capital currently has a "Buy" rating on the stock. The consensus estimate for Plug Power's current full-year earnings is ($1.21) per share.

Plug Power (NASDAQ:PLUG - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The electronics maker reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). Plug Power had a negative net margin of 292.84% and a negative return on equity of 85.30%. The company had revenue of $173.97 million for the quarter, compared to analyst estimates of $157.97 million.

PLUG has been the topic of a number of other research reports. Wells Fargo & Company cut their price objective on shares of Plug Power from $2.00 to $1.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. BMO Capital Markets lowered their price target on shares of Plug Power from $1.10 to $1.00 and set an "underperform" rating on the stock in a report on Tuesday. Canaccord Genuity Group lowered their price target on shares of Plug Power from $1.25 to $1.00 and set a "hold" rating on the stock in a report on Tuesday, May 13th. Susquehanna increased their price target on shares of Plug Power from $1.00 to $1.80 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Morgan Stanley lowered their price target on shares of Plug Power from $1.25 to $0.50 and set an "underweight" rating on the stock in a report on Monday, May 19th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Plug Power has a consensus rating of "Hold" and an average price target of $1.84.

Plug Power Stock Up 6.2%

NASDAQ:PLUG opened at $1.64 on Wednesday. The firm has a market capitalization of $1.87 billion, a P/E ratio of -0.71 and a beta of 2.35. Plug Power has a 1-year low of $0.69 and a 1-year high of $3.32. The company's fifty day moving average price is $1.43 and its 200-day moving average price is $1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.95 and a quick ratio of 1.07.

Insider Activity at Plug Power

In other Plug Power news, insider Paul B. Middleton bought 650,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were acquired 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. The trade was a 34.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Plug Power

Several institutional investors and hedge funds have recently made changes to their positions in PLUG. Alliancebernstein L.P. lifted its holdings in Plug Power by 2.3% in the 4th quarter. Alliancebernstein L.P. now owns 881,094 shares of the electronics maker's stock valued at $1,877,000 after purchasing an additional 19,821 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Plug Power by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 19,917,268 shares of the electronics maker's stock valued at $42,434,000 after purchasing an additional 722,639 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in 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 valued at $5,720,000 after purchasing an additional 70,187 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Plug Power by 79.2% in the 4th quarter. Bank of Nova Scotia now owns 392,442 shares of the electronics maker's stock valued at $842,000 after purchasing an additional 173,388 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Plug Power during the 4th quarter valued at about $6,235,000. 43.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.