Seaport Res Ptn Predicts Plug Power Q1 Earnings

Plug Power Inc. (NASDAQ:PLUG - Free Report) - Investment analysts at Seaport Res Ptn issued their Q1 2026 earnings per share estimates for Plug Power in a report released on Monday, January 27th. Seaport Res Ptn analyst T. Curran expects that the electronics maker will post earnings of ($0.14) per share for the quarter. Seaport Res Ptn has a "Strong Sell" rating on the stock. The consensus estimate for Plug Power's current full-year earnings is ($1.21) per share. Seaport Res Ptn also issued estimates for Plug Power's Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at ($0.12) EPS, Q4 2026 earnings at ($0.10) EPS and FY2027 earnings at ($0.35) EPS.

Plug Power (NASDAQ:PLUG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The electronics maker reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.01). Plug Power had a negative return on equity of 46.99% and a negative net margin of 214.05%. The firm had revenue of $173.70 million during the quarter, compared to the consensus estimate of $207.25 million. During the same period in the prior year, the firm posted ($0.47) EPS. The firm's quarterly revenue was down 12.6% on a year-over-year basis.

A number of other analysts also recently commented on the stock. Canaccord Genuity Group dropped their target price on shares of Plug Power from $2.50 to $2.25 and set a "hold" rating on the stock in a report on Wednesday, November 13th. Evercore ISI dropped their price target on Plug Power from $5.00 to $4.00 and set an "outperform" rating on the stock in a report on Wednesday, November 13th. Piper Sandler cut their price objective on Plug Power from $1.60 to $1.40 and set an "underweight" rating for the company in a research report on Thursday, November 14th. BTIG Research cut Plug Power from a "buy" rating to a "neutral" rating in a report on Thursday, November 14th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $18.00 target price on shares of Plug Power in a report on Wednesday, November 13th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $4.18.

Plug Power Price Performance

Plug Power stock traded down $0.06 during midday trading on Tuesday, hitting $1.86. The company's stock had a trading volume of 68,720,912 shares, compared to its average volume of 72,976,432. Plug Power has a 12 month low of $1.60 and a 12 month high of $5.14. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The stock's 50-day moving average price is $2.36 and its 200-day moving average price is $2.20. The company has a market capitalization of $1.69 billion, a PE ratio of -0.87 and a beta of 1.79.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its holdings in shares of Plug Power by 13.9% during the 4th quarter. New York State Common Retirement Fund now owns 219,473 shares of the electronics maker's stock valued at $467,000 after acquiring an additional 26,700 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in Plug Power by 12.8% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 49,000 shares of the electronics maker's stock valued at $104,000 after purchasing an additional 5,550 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new position in Plug Power in the 4th quarter worth about $35,000. Sovran Advisors LLC acquired a new position in Plug Power in the 4th quarter worth about $127,000. Finally, Savant Capital LLC purchased a new stake in shares of Plug Power during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 43.48% of the company's stock.

About Plug Power

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.