What is HC Wainwright's Forecast for Plug Power Q2 Earnings?

Plug Power Inc. (NASDAQ:PLUG - Free Report) - Analysts at HC Wainwright raised their Q2 2025 earnings per share (EPS) estimates for shares of Plug Power in a note issued to investors on Tuesday, May 13th. HC Wainwright analyst A. Dayal now expects that the electronics maker will post earnings of ($0.17) per share for the quarter, up from their prior estimate of ($0.22). HC Wainwright has a "Buy" rating and a $3.00 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 Q3 2025 earnings at ($0.15) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.65) EPS, FY2026 earnings at ($0.51) EPS, FY2027 earnings at ($0.48) EPS, FY2028 earnings at ($0.40) EPS and FY2029 earnings at ($0.29) EPS.

Several other analysts have also commented on the company. Truist Financial cut their price objective on Plug Power from $2.00 to $1.50 and set a "hold" rating for the company in a report on Wednesday, March 5th. Susquehanna cut their price target on Plug Power from $1.80 to $1.25 and set a "neutral" rating for the company in a research note on Monday, April 14th. StockNews.com raised shares of Plug Power to a "sell" rating in a research report on Tuesday. B. Riley dropped their price objective on shares of Plug Power from $4.00 to $3.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, Seaport Res Ptn cut shares of Plug Power from a "hold" rating to a "strong sell" rating in a report on Monday, January 27th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $1.99.

Plug Power Price Performance

Shares of PLUG opened at $0.79 on Thursday. The firm has a fifty day simple moving average of $1.17 and a two-hundred day simple moving average of $1.79. The firm has a market cap of $803.30 million, a PE ratio of -0.37 and a beta of 2.19. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. Plug Power has a 1-year low of $0.76 and a 1-year high of $3.75.

Plug Power (NASDAQ:PLUG - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The electronics maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.01). Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The company had revenue of $133.67 million for the quarter, compared to analysts' expectations of $130.92 million.

Institutional Investors Weigh In On Plug Power

Institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors boosted its stake in shares of Plug Power by 88.0% in the fourth quarter. Arkadios Wealth Advisors now owns 62,082 shares of the electronics maker's stock worth $132,000 after acquiring an additional 29,062 shares during the period. ACT Wealth Management LLC lifted its holdings in Plug Power by 71.4% in the 4th quarter. ACT Wealth Management LLC now owns 24,000 shares of the electronics maker's stock worth $51,000 after purchasing an additional 10,000 shares in the last quarter. Sustainable Insight Capital Management LLC purchased a new position in Plug Power in the 4th quarter worth approximately $79,000. PFG Investments LLC boosted its stake in Plug Power by 16.8% in the 4th quarter. PFG Investments LLC now owns 467,836 shares of the electronics maker's stock worth $996,000 after purchasing an additional 67,251 shares during the period. Finally, Swedbank AB grew its holdings in Plug Power by 39.7% during the 4th quarter. Swedbank AB now owns 235,233 shares of the electronics maker's stock valued at $501,000 after buying an additional 66,844 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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