Plug Power (NASDAQ:PLUG) Given New $3.75 Price Target at Susquehanna

Key Points

• Susquehanna raised its price target on Plug Power from $2.75 to $3.75 while keeping a neutral rating, implying about 5.34% upside from the current share price.
• Plug Power’s latest quarterly results beat expectations, with EPS of -$0.08 versus -$0.09 expected and revenue of $163.51 million versus $139.87 million estimated, while revenue rose 22.3% year over year.
• Wall Street remains cautious overall despite some recent optimism: the stock’s consensus rating is Hold, with analysts split between Strong Buy, Buy, Hold, and Sell recommendations.

Plug Power (NASDAQ:PLUG - Get Free Report) had its target price lifted by investment analysts at Susquehanna from $2.75 to $3.75 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the electronics maker's stock. Susquehanna's target price suggests a potential upside of 5.34% from the stock's current price.

PLUG has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on Plug Power from $1.00 to $1.20 and gave the stock an "underperform" rating in a research report on Tuesday. BTIG Research restated a "neutral" rating on shares of Plug Power in a research report on Tuesday, March 3rd. Wells Fargo & Company raised their price target on Plug Power from $1.50 to $2.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 4th. TD Cowen raised their price target on Plug Power from $2.00 to $3.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, Jefferies Financial Group lowered their price target on Plug Power from $2.00 to $1.80 and set a "hold" rating on the stock in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Plug Power currently has an average rating of "Hold" and an average price target of $3.13.

Plug Power Trading Up 1.1%

Shares of PLUG stock opened at $3.56 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.46 and a current ratio of 2.31. Plug Power has a 52-week low of $0.69 and a 52-week high of $4.58. The company has a market capitalization of $4.97 billion, a PE ratio of -2.70 and a beta of 2.06. The business's fifty day moving average is $2.64 and its 200 day moving average is $2.37.

Plug Power (NASDAQ:PLUG - Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. Plug Power had a negative return on equity of 43.68% and a negative net margin of 227.13%.The company had revenue of $163.51 million for the quarter, compared to the consensus estimate of $139.87 million. During the same quarter last year, the business posted ($0.21) earnings per share. The firm's revenue was up 22.3% compared to the same quarter last year. On average, equities research analysts anticipate that Plug Power will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Plug Power

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Plug Power by 18.2% in the 4th quarter. Vanguard Group Inc. now owns 129,599,295 shares of the electronics maker's stock worth $255,311,000 after purchasing an additional 19,967,339 shares during the period. SG Americas Securities LLC increased its stake in Plug Power by 208.6% in the 4th quarter. SG Americas Securities LLC now owns 1,119,191 shares of the electronics maker's stock worth $2,205,000 after purchasing an additional 756,510 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Plug Power by 188,201.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 781,452 shares of the electronics maker's stock worth $1,539,000 after purchasing an additional 781,037 shares during the period. Bouvel Investment Partners LLC increased its stake in Plug Power by 2,210.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 346,556 shares of the electronics maker's stock worth $683,000 after purchasing an additional 331,556 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Plug Power by 82.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,914 shares of the electronics maker's stock worth $1,038,000 after purchasing an additional 238,443 shares during the period. 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: Canaccord Genuity raised Plug Power’s price target to $4.00 from $2.50, signaling improved confidence in the company’s turnaround prospects while keeping a Hold rating. Plug Power NASDAQ: PLUG Price Target Raised to $4.00 at Canaccord Genuity Group
• Positive Sentiment: Plug Power reported first-quarter revenue of $163.5 million, above expectations, with EPS also beating estimates as margins improved meaningfully year over year. Plug Power reports first quarter earnings beat on narrower losses, margins progress
• Positive Sentiment: Investors are encouraged by management’s outlook for 13% to 15% sales growth in 2026 and the goal of positive EBITDA in the fourth quarter, reinforcing the turnaround narrative. Plug Power targets 13%-15% 2026 sales growth while aiming for positive EBITDAS in Q4
• Neutral Sentiment: Canaccord’s higher target is still paired with only a Hold rating, suggesting Wall Street sees progress but remains cautious on execution. Plug Power NASDAQ: PLUG Price Target Raised to $4.00 at Canaccord Genuity Group
• Neutral Sentiment: Plug Power disclosed a new international operations risk tied to geopolitical tensions that could disrupt shipping routes and affect financial performance. Geopolitical Tensions Threaten Plug Power’s Global Shipping Routes and Financial Performance
• Negative Sentiment: The company still posted a GAAP loss, and profitability remains distant despite the better quarter, so investors may stay sensitive to execution and cash-flow risks. Plug Power (PLUG) Stock Rises as Q1 Sales and Margins Improve, but Profitability Still Looks Far Off

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.

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