FY2026 EPS Forecast for Plug Power Increased by Analyst

Key Points

• HC Wainwright raised Plug Power’s FY2026 EPS forecast to a loss of $0.25 per share from $0.27, while maintaining a Buy rating and $7 price target. The analyst projects losses narrowing through 2028 and a profit of $0.02 per share in FY2029.
• Plug Power’s latest quarter beat expectations, with revenue of $178.3 million versus the $169.1 million consensus and an adjusted loss of $0.07 per share versus an expected $0.08 loss. Management also raised its 2026 revenue-growth target to 15%–16% and retained its goal of positive fourth-quarter EBITDAS.
• Profitability risks remain: the company continues to report substantial net losses, negative margins and significant cash needs. Analyst sentiment is mixed, with the stock carrying a consensus Hold rating and an average price target of $3.59.

Plug Power, Inc. (NASDAQ:PLUG - Free Report) - Research analysts at HC Wainwright raised their FY2026 EPS estimates for Plug Power in a note issued to investors on Tuesday, August 11th. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will post earnings of ($0.25) per share for the year, up from their prior forecast of ($0.27). 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 FY2027 earnings at ($0.10) EPS, FY2028 earnings at ($0.07) EPS and FY2029 earnings at $0.02 EPS.

Plug Power (NASDAQ:PLUG - Get Free Report) last announced its earnings results 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. The firm had revenue of $178.30 million for the quarter, compared to analyst estimates of $169.11 million. Plug Power had a negative net margin of 220.59% and a negative return on equity of 49.54%. The business's revenue for the quarter was up 2.5% on a year-over-year basis.

PLUG has been the topic of a number of other reports. Wall Street Zen lowered Plug Power from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. TD Cowen raised their target price on shares of Plug Power from $2.00 to $3.00 and gave the stock a "hold" rating in a research report on Tuesday, May 12th. B. Riley Financial boosted their target price on shares of Plug Power from $3.00 to $5.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Roth Capital reaffirmed a "buy" rating and set a $5.00 price target (up from $3.50) on shares of Plug Power in a research report on Wednesday. Finally, Craig Hallum reaffirmed a "buy" rating on shares of Plug Power in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $3.59.

Plug Power Trading Up 3.2%

Shares of PLUG opened at $2.29 on Thursday. Plug Power has a fifty-two week low of $1.41 and a fifty-two week high of $4.58. The company has a market capitalization of $3.20 billion, a PE ratio of -1.82 and a beta of 2.20. The stock has a fifty day moving average of $2.46 and a two-hundred day moving average of $2.60. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.40 and a current ratio of 2.36.

Institutional Trading of Plug Power

A number of institutional investors have recently modified their holdings of the company. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Plug Power by 116.7% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 13,000 shares of the electronics maker's stock valued at $26,000 after buying an additional 7,000 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in Plug Power during the third quarter worth approximately $32,000. DUTCH ASSET Corp purchased a new stake in Plug Power during the fourth quarter worth approximately $29,000. Independent Advisor Alliance acquired a new stake in shares of Plug Power in the fourth quarter worth $30,000. Finally, International Assets Investment Management LLC increased its position in shares of Plug Power by 53.6% in the fourth quarter. International Assets Investment Management LLC now owns 15,773 shares of the electronics maker's stock worth $31,000 after acquiring an additional 5,503 shares in the last quarter. Hedge funds and other institutional investors own 43.48% of the company's stock.

Key Stories Impacting Plug Power

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Q2 results beat expectations: Plug Power reported approximately $178.3 million in revenue, above the $169.1 million consensus estimate, while its adjusted loss of $0.07 per share was better than the expected $0.08 loss. Plug Power Stock Jumps After Earnings Beat and Higher 2026 Outlook
• Positive Sentiment: Raised 2026 outlook: Management increased its full-year revenue-growth target to 15%–16%, from 13%–15%, and maintained its goal of achieving positive EBITDAS in the fourth quarter. PLUG Q2 Earnings Call Centers on Margins and Higher Growth
• Positive Sentiment: Improving margins and cash use: Gross margin improved to nearly breakeven, service revenue rose 82% year over year to roughly $30 million, operating expenses fell about 50%, and quarterly cash usage declined to approximately $61 million. These trends support the profitability narrative. Plug Power Raises FY26 Outlook, Narrows Loss
• Positive Sentiment: Analyst support strengthened: HC Wainwright reaffirmed its Buy rating and $7 price target, while raising its EPS forecasts for 2026 through 2029. Its projections now call for losses to narrow from $0.25 per share in 2026 to $0.10 in 2027, $0.07 in 2028 and a $0.02 profit in 2029. HC Wainwright Reaffirms Buy Rating for Plug Power
• Neutral Sentiment: Trading activity is bullish but volatile: Heavy call-option activity and reports of substantial short interest could amplify gains through short covering, but they also raise the risk of sharp price swings. Stock Traders Buy Large Volume of Plug Power Call Options
• Negative Sentiment: Profitability and valuation risks remain: Plug Power continues to post net losses, has significant cash needs and debt obligations, and relies partly on asset monetization and restricted-cash releases. Some analysis argues the stock remains expensive after its long-term decline, limiting the durability of the rally. Plug Power Stock Looks Above Fair Value Despite Better Sales Trends

About Plug Power

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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