Plug Power (NASDAQ:PLUG) Trading 14.5% Higher on Earnings Beat

Posted by Brenda Bartman on May 13th, 2026

Plug Power, Inc. (NASDAQ:PLUG – Get Free Report)’s share price rose 14.5% during trading on Monday following a stronger than expected earnings report. The company traded as high as $3.43 and last traded at $3.5730. Approximately 20,403,554 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 85,785,586 shares. The stock had previously closed at $3.12.

The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $163.51 million for the quarter, compared to the consensus estimate of $139.87 million. Plug Power had a negative return on equity of 43.68% and a negative net margin of 227.13%.The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) EPS.

Trending Headlines about Plug Power

Here are the key news stories impacting Plug Power this week:

Positive Sentiment: HC Wainwright raised its FY2030 EPS estimate for Plug Power and kept a Buy rating with a $7.00 price target, signaling higher long-term earnings potential.
Positive Sentiment: Canaccord Genuity lifted its price target to $4.00 from $2.50, reflecting improved confidence in the company’s turnaround and “Project Quantum Leap” cost cuts.
Neutral Sentiment: Susquehanna raised its target to $3.75 from $2.75 but kept a Neutral rating, suggesting the stock’s recent move may already reflect much of the near-term upside.
Neutral Sentiment: Analysts and preview articles are focusing on what Plug Power will say in its earnings call and whether recent growth can continue, with attention on revenue momentum, margin expansion, and cash needs.
Negative Sentiment: TipRanks highlighted a newly disclosed risk around geopolitical tensions that could disrupt Plug Power’s global shipping routes and affect financial performance.

Analyst Ratings Changes

Several research firms recently issued reports on PLUG. BTIG Research reiterated a “neutral” rating on shares of Plug Power in a report on Tuesday, March 3rd. TD Cowen upped their target price on shares of Plug Power from $2.00 to $3.00 and gave the company a “hold” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on shares of Plug Power from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. B. Riley Financial boosted their price target on shares of Plug Power from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Oppenheimer restated a “market perform” rating on shares of Plug Power in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3.13.

Check Out Our Latest Research Report on Plug Power

Institutional Trading of Plug Power

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Plug Power by 12.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,607,153 shares of the electronics maker’s stock valued at $3,520,000 after purchasing an additional 297,754 shares during the period. Focus Partners Wealth acquired a new stake in Plug Power in the first quarter worth $37,000. JPMorgan Chase & Co. boosted its position in shares of Plug Power by 6.8% during the second quarter. JPMorgan Chase & Co. now owns 1,504,744 shares of the electronics maker’s stock worth $2,242,000 after purchasing an additional 95,876 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Plug Power by 87.2% in the 2nd quarter. Prudential Financial Inc. now owns 111,945 shares of the electronics maker’s stock valued at $167,000 after buying an additional 52,135 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Plug Power by 24.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 73,084 shares of the electronics maker’s stock valued at $109,000 after buying an additional 14,471 shares during the period. 43.48% of the stock is owned by institutional investors.

Plug Power Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.46 and a current ratio of 2.31. The stock’s 50-day moving average is $2.64 and its 200 day moving average is $2.37. The firm has a market cap of $4.89 billion, a P/E ratio of -2.73 and a beta of 2.06.

Plug Power Company Profile

(Get Free Report)

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.