Q3 Earnings Forecast for Plug Power Issued By HC Wainwright

Key Points

• HC Wainwright has revised its Q3 2025 earnings estimate for Plug Power from (0.15) to (0.16) per share, indicating a decline in expectations for the company.
• Plug Power reported a revenue of $173.97 million for the last quarter, exceeding the consensus estimate of $157.97 million, but missed earnings expectations.
• Several brokerages, including BMO Capital Markets and Morgan Stanley, have issued lower price targets for Plug Power, reflecting a cautious outlook on the stock.

Plug Power, Inc. (NASDAQ:PLUG - Free Report) - Equities researchers at HC Wainwright cut their Q3 2025 earnings per share estimates for shares of Plug Power in a research note issued to investors on Tuesday, August 12th. HC Wainwright analyst A. Dayal now expects that the electronics maker will post earnings of ($0.16) per share for the quarter, down from their previous estimate of ($0.15). 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 Q4 2025 earnings at ($0.14) EPS, FY2025 earnings at ($0.64) EPS, FY2026 earnings at ($0.53) EPS, FY2028 earnings at ($0.37) EPS and FY2029 earnings at ($0.25) EPS.

Plug Power (NASDAQ:PLUG - Get Free Report) last released its earnings results 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 firm had revenue of $173.97 million during the quarter, compared to the consensus estimate of $157.97 million. Plug Power had a negative net margin of 292.84% and a negative return on equity of 90.22%.

A number of other brokerages have also recently issued reports on PLUG. BMO Capital Markets dropped their price objective on Plug Power from $1.10 to $1.00 and set an "underperform" rating on the stock in a research note on Tuesday. Morgan Stanley dropped their price objective on Plug Power from $1.25 to $0.50 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Wells Fargo & Company reiterated a "positive" rating on shares of Plug Power in a research note on Thursday. Evercore ISI upgraded Plug Power to a "strong sell" rating in a research note on Tuesday, July 15th. Finally, Piper Sandler dropped their price objective on Plug Power from $1.10 to $0.80 and set an "underweight" rating on the stock in a research note on Wednesday, May 14th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1.84.

Plug Power Trading Up 7.8%

NASDAQ PLUG opened at $1.66 on Thursday. Plug Power has a 52 week low of $0.69 and a 52 week high of $3.32. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -0.72 and a beta of 2.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.07 and a current ratio of 1.59. The stock's 50 day moving average price is $1.44 and its two-hundred day moving average price is $1.35.

Institutional Trading of Plug Power

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Plug Power by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 91,368,845 shares of the electronics maker's stock worth $123,348,000 after purchasing an additional 3,930,342 shares in the last quarter. Geode Capital Management LLC boosted its stake in Plug Power by 14.9% in the second quarter. Geode Capital Management LLC now owns 24,071,904 shares of the electronics maker's stock valued at $35,872,000 after buying an additional 3,125,542 shares in the last quarter. Heights Capital Management Inc. bought a new position in Plug Power in the first quarter valued at about $31,174,000. Legal & General Group Plc grew its position in Plug Power by 59.9% in the second quarter. Legal & General Group Plc now owns 16,980,865 shares of the electronics maker's stock valued at $25,301,000 after acquiring an additional 6,364,483 shares during the last quarter. Finally, Invesco Ltd. grew its position in Plug Power by 53.0% in the second quarter. Invesco Ltd. now owns 8,010,794 shares of the electronics maker's stock valued at $11,936,000 after acquiring an additional 2,774,348 shares during the last quarter. 43.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Paul B. Middleton bought 650,000 shares of Plug Power stock in a transaction dated Monday, June 9th. The shares were bought at an average cost of $1.03 per share, with a total value of $669,500.00. Following the acquisition, the insider owned 2,558,064 shares in the company, valued at $2,634,805.92. This trade represents a 34.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.41% of the stock is currently owned by corporate insiders.

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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