FY2025 Earnings Estimate for Plug Power Issued By B. Riley

Plug Power Inc. (NASDAQ:PLUG) – Investment analysts at B. Riley increased their FY2025 earnings per share (EPS) estimates for Plug Power in a report released on Wednesday, March 5th. B. Riley analyst R. Pfingst now anticipates that the electronics maker will earn ($0.56) per share for the year, up from their previous forecast of ($0.60). B. Riley currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. B. Riley also issued estimates for Plug Power’s FY2026 earnings at ($0.35) EPS.

Several other research analysts also recently commented on the company. HC Wainwright reduced their target price on Plug Power from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday. BMO Capital Markets reduced their target price on Plug Power from $1.60 to $1.40 and set an “underperform” rating on the stock in a report on Wednesday. Morgan Stanley reduced their price target on Plug Power from $1.75 to $1.60 and set an “underweight” rating on the stock in a report on Thursday. Seaport Res Ptn cut shares of Plug Power from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Finally, BTIG Research cut shares of Plug Power from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Six 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.34.

Plug Power Trading Down 2.4 %

Shares of NASDAQ:PLUG opened at $1.65 on Friday. The stock has a market capitalization of $1.50 billion, a PE ratio of -0.77 and a beta of 1.79. The company’s 50-day moving average price is $2.08 and its two-hundred day moving average price is $2.10. Plug Power has a one year low of $1.37 and a one year high of $4.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95.

Hedge Funds Weigh In On Plug Power

Large investors have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Plug Power during the 4th quarter valued at about $60,000. Toronto Dominion Bank acquired a new stake in shares of Plug Power in the fourth quarter valued at $270,000. Retirement Planning Group LLC NY purchased a new position in Plug Power in the fourth quarter valued at $38,000. GTS Securities LLC lifted its holdings in Plug Power by 150.0% during the 4th quarter. GTS Securities LLC now owns 18,750 shares of the electronics maker’s stock worth $40,000 after buying an additional 56,255 shares during the last quarter. Finally, 49 Wealth Management LLC boosted its holdings in shares of Plug Power by 25.0% in the 4th quarter. 49 Wealth Management LLC now owns 29,180 shares of the electronics maker’s stock valued at $62,000 after buying an additional 5,834 shares in the last quarter. 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.