HC Wainwright Increases Earnings Estimates for Plug Power

Key Points

• HC Wainwright raised its FY2026 estimate for Plug Power to a loss of $0.11 per share from a projected loss of $0.25, while maintaining a Buy rating and $7 price target.
• Analyst sentiment is more cautious overall: Plug Power has a consensus Hold rating and an average price target of $3.25.
• In its latest reported quarter, Plug Power’s loss of $0.07 per share was narrower than expected, and revenue of $178.3 million topped forecasts and rose 2.5% year over year; the company nevertheless posted deeply negative margins.

Plug Power, Inc. (NASDAQ:PLUG - Free Report) - Stock analysts at HC Wainwright raised their FY2026 earnings estimates for shares of Plug Power in a research note issued to investors on Tuesday, November 10th. HC Wainwright analyst A. Dayal now expects that the electronics maker will earn ($0.11) per share for the year, up from their prior forecast of ($0.25). HC Wainwright currently has a "Buy" rating and a $7.00 target price on the stock. The consensus estimate for Plug Power's current full-year earnings is ($0.25) per share. HC Wainwright also issued estimates for Plug Power's Q4 2026 earnings at ($0.03) EPS.

A number of other equities research analysts have also issued reports on PLUG. KeyCorp set a $3.00 price target on shares of Plug Power in a report on Tuesday. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $2.00 target price on shares of Plug Power in a research report on Tuesday. Jefferies Financial Group upgraded Plug Power to a "hold" rating in a research report on Thursday, September 3rd. UBS Group restated a "buy" rating and issued a $5.00 price objective on shares of Plug Power in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Plug Power from a "strong sell" rating to a "sell" rating in a research note on Saturday, October 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Plug Power currently has a consensus rating of "Hold" and an average price target of $3.25.

Plug Power Stock Down 0.7%

PLUG opened at $1.35 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. Plug Power has a 12 month low of $1.30 and a 12 month high of $4.33. The business's 50-day moving average price is $1.73 and its 200-day moving average price is $2.35. The company has a market cap of $1.90 billion, a P/E ratio of -1.43 and a beta of 2.13.

Plug Power (NASDAQ:PLUG - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.01. Plug Power had a negative net margin of 153.68% and a negative return on equity of 61.36%. The company had revenue of $178.30 million during the quarter, compared to the consensus estimate of $169.11 million. The firm's quarterly revenue was up 2.5% compared to the same quarter last year.

Insider Activity at Plug Power

In related news, insider Benjamin Haycraft sold 200,000 shares of Plug Power stock in a transaction on Friday, September 18th. The stock was sold at an average price of $2.14, for a total value of $428,000.00. Following the completion of the sale, the insider owned 101,249 shares of the company's stock, valued at $216,672.86. The trade was a 66.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 241,935 shares of company stock valued at $509,397 over the last three months. Insiders own 1.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PLUG. Ameritas Advisory Services LLC purchased a new position in Plug Power during the second quarter valued at $25,000. Greenleaf Trust bought a new stake in Plug Power in the 2nd quarter valued at $29,000. Alta Advisers Ltd purchased a new stake in shares of Plug Power in the third quarter worth about $31,000. 71 West Capital Partners bought a new position in shares of Plug Power during the 3rd quarter valued at approximately $31,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Plug Power in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 43.48% of the company's stock.

Plug Power Company Profile

Plug Power Inc. develops hydrogen fuel cell and hydrogen-generation solutions for businesses seeking alternatives to conventional power and fuel sources. Its offerings include fuel cell systems, electrolyzers that produce hydrogen, hydrogen storage and handling equipment, and related infrastructure and services. The company's products are used in applications such as material-handling equipment, including warehouse forklifts, as well as stationary power and other industrial and mobility uses. Plug also supplies hydrogen and supports customers with installation, maintenance, and fueling solutions.

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