HC Wainwright Has Positive Outlook of Plug Power Q3 Earnings

Key Points

• Analysts at HC Wainwright have increased their Q3 2025 earnings per share (EPS) estimate for Plug Power from ($0.16) to ($0.15), while maintaining a "Buy" rating and a price target of $7.00.
• The consensus estimate for Plug Power's full-year earnings currently stands at (1.21) per share, with additional forecasts for FY2025 at (0.62) EPS and FY2028 at (0.36) EPS.
• Despite mixed ratings from other analysts, Plug Power's stock has an average price target of $2.54 and an average rating of "Hold" from analysts.

Plug Power, Inc. (NASDAQ:PLUG - Free Report) - Analysts at HC Wainwright upped their Q3 2025 EPS estimates for Plug Power in a research report issued on Wednesday, October 22nd. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will earn ($0.15) per share for the quarter, up from their previous forecast of ($0.16). HC Wainwright has a "Buy" rating and a $7.00 price objective on the stock. The consensus estimate for Plug Power's current full-year earnings is ($1.21) per share. HC Wainwright also issued estimates for Plug Power's FY2025 earnings at ($0.62) EPS and FY2028 earnings at ($0.36) EPS.

Several other equities research analysts also recently commented on PLUG. BMO Capital Markets dropped their price objective on shares of Plug Power from $1.10 to $1.00 and set an "underperform" rating on the stock in a report on Tuesday, August 12th. HSBC set a $4.40 target price on Plug Power in a research note on Thursday, October 9th. Hsbc Global Res upgraded Plug Power to a "strong-buy" rating in a research note on Thursday, October 9th. Morgan Stanley restated an "underweight" rating and issued a $1.50 target price on shares of Plug Power in a research note on Thursday, October 16th. Finally, Wells Fargo & Company raised their target price on Plug Power from $1.00 to $1.50 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $2.54.

Plug Power Price Performance

NASDAQ PLUG opened at $2.88 on Friday. The company has a market cap of $3.33 billion, a PE ratio of -1.25 and a beta of 2.23. Plug Power has a 52 week low of $0.69 and a 52 week high of $4.58. The company has a quick ratio of 0.82, a current ratio of 1.59 and a debt-to-equity ratio of 0.22. The firm's 50-day simple moving average is $2.37 and its two-hundred day simple moving average is $1.60.

Plug Power (NASDAQ:PLUG - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The electronics maker reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $173.97 million for the quarter, compared to analysts' expectations of $157.97 million. Plug Power had a negative net margin of 292.84% and a negative return on equity of 90.22%.

Institutional Trading of Plug Power

Several institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in shares of Plug Power by 439.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,506 shares of the electronics maker's stock valued at $69,000 after acquiring an additional 24,040 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Plug Power in the 3rd quarter valued at about $124,000. Bouvel Investment Partners LLC purchased a new stake in shares of Plug Power in the 3rd quarter valued at about $35,000. Earned Wealth Advisors LLC raised its holdings in shares of Plug Power by 83.7% in the 3rd quarter. Earned Wealth Advisors LLC now owns 33,138 shares of the electronics maker's stock valued at $77,000 after acquiring an additional 15,100 shares in the last quarter. Finally, Cobblestone Asset Management LLC raised its holdings in shares of Plug Power by 20.9% in the 3rd quarter. Cobblestone Asset Management LLC now owns 115,470 shares of the electronics maker's stock valued at $269,000 after acquiring an additional 19,970 shares in the last quarter. Hedge funds and other institutional investors own 43.48% of the company's stock.

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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