Plug Power (PLUG) Projected to Post Quarterly Earnings on Monday

Key Points

• Plug Power will report Q1 2026 results after the close on Monday, May 11; analysts forecast ($0.09) EPS and about $139.87 million in revenue, with a conference call at 4:30 PM ET.
• In the prior quarter (reported Mar. 2) the company beat EPS estimates (‑$0.06 vs. ‑$0.10) and posted $225.22 million of revenue, but remains unprofitable with a negative net margin (~229.8%) and negative ROE (~45.97%).
• Shares trade near $3.14 with a $4.38 billion market cap; the consensus analyst rating is Hold with an average price target of $3.03 and mixed individual ratings from Sell to Buy.

Plug Power (NASDAQ:PLUG - Get Free Report) is expected to issue its Q1 2026 results after the market closes on Monday, May 11th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $139.8690 million for the quarter. Parties can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Monday, May 11, 2026 at 4:30 PM ET.

Plug Power (NASDAQ:PLUG - Get Free Report) last released its earnings results on Monday, March 2nd. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $225.22 million during the quarter, compared to analyst estimates of $217.38 million. Plug Power had a negative net margin of 229.83% and a negative return on equity of 45.97%. During the same period in the prior year, the firm posted ($1.48) EPS. On average, analysts expect Plug Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Plug Power Stock Performance

Plug Power stock traded up $0.03 during midday trading on Monday, hitting $3.14. The stock had a trading volume of 14,068,749 shares, compared to its average volume of 87,250,914. The firm's fifty day moving average is $2.47 and its two-hundred day moving average is $2.37. The company has a market capitalization of $4.38 billion, a PE ratio of -2.31 and a beta of 2.06. Plug Power has a 52-week low of $0.69 and a 52-week high of $4.58. The company has a current ratio of 2.31, a quick ratio of 1.46 and a debt-to-equity ratio of 0.64.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLUG shares. Oppenheimer reissued a "market perform" rating on shares of Plug Power in a report on Tuesday, March 3rd. BMO Capital Markets reissued an "underperform" rating and issued a $1.00 target price on shares of Plug Power in a report on Tuesday, March 3rd. Susquehanna increased their price objective on shares of Plug Power from $2.50 to $2.75 and gave the company a "neutral" rating in a report on Thursday, April 9th. HC Wainwright reaffirmed a "buy" rating and set a $7.00 price objective on shares of Plug Power in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Plug Power from $1.50 to $2.00 and gave the company an "equal weight" rating in a report on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $3.03.

Institutional Trading of Plug Power

Institutional investors have recently bought and sold shares of the stock. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position 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 worth $26,000 after buying an additional 7,000 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in Plug Power in the third quarter worth $32,000. Sender Co & Partners Inc. bought a new stake in Plug Power in the second quarter worth $26,000. Voleon Capital Management LP bought a new stake in Plug Power in the third quarter worth $48,000. Finally, Equitable Holdings Inc. bought a new stake in Plug Power in the fourth quarter worth $46,000. 43.48% of the stock is currently owned by institutional investors.

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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