Plug Power FY2025 EPS Estimate Decreased by Seaport Res Ptn

Plug Power, Inc. (NASDAQ:PLUG) – Equities researchers at Seaport Res Ptn cut their FY2025 earnings estimates for shares of Plug Power in a research report issued on Sunday, November 16th. Seaport Res Ptn analyst T. Curran now expects that the electronics maker will earn ($0.59) per share for the year, down from their prior estimate of ($0.58). 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 Q4 2025 earnings at ($0.14) EPS, Q4 2026 earnings at ($0.07) EPS, FY2026 earnings at ($0.33) EPS and FY2027 earnings at ($0.18) EPS.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Monday, November 10th. The electronics maker reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $177.06 million for the quarter, compared to analyst estimates of $185.41 million. Plug Power had a negative return on equity of 90.22% and a negative net margin of 292.84%. Plug Power has set its FY 2025 guidance at EPS.

Other equities analysts have also issued reports about the company. HC Wainwright boosted their price target on Plug Power from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Cowen reissued a “buy” rating on shares of Plug Power in a research report on Wednesday. Susquehanna decreased their target price on shares of Plug Power from $3.50 to $2.50 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley reaffirmed an “underweight” rating and set a $1.50 price target on shares of Plug Power in a research note on Thursday, October 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Plug Power in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Plug Power presently has an average rating of “Hold” and a consensus price target of $2.42.

Plug Power Price Performance

PLUG stock opened at $2.14 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 1.59. Plug Power has a 1 year low of $0.69 and a 1 year high of $4.58. The firm has a market cap of $2.47 billion, a P/E ratio of -0.93 and a beta of 2.28. The stock has a 50-day simple moving average of $2.74 and a 200-day simple moving average of $1.82.

Insider Buying and Selling at Plug Power

In related news, EVP Benjamin Haycraft sold 10,000 shares of Plug Power stock in a transaction on Monday, November 10th. The shares were sold at an average price of $2.92, for a total value of $29,200.00. Following the completion of the sale, the executive vice president owned 467,583 shares in the company, valued at approximately $1,365,342.36. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.41% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Abel Hall LLC increased its position in shares of Plug Power by 31.7% in the 3rd quarter. Abel Hall LLC now owns 26,491 shares of the electronics maker’s stock worth $62,000 after purchasing an additional 6,381 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in Plug Power in the third quarter worth about $32,000. NewEdge Advisors LLC increased its holdings in Plug Power by 77.3% in the third quarter. NewEdge Advisors LLC now owns 52,083 shares of the electronics maker’s stock valued at $121,000 after buying an additional 22,714 shares during the last quarter. Castleark Management LLC bought a new stake in Plug Power in the third quarter valued at about $1,696,000. Finally, Worth Venture Partners LLC acquired a new stake in Plug Power during the third quarter valued at approximately $70,000. 43.48% of the stock is owned by institutional investors and hedge funds.

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.