Plug Power (NASDAQ:PLUG) Stock Dropped to “Strong Sell” by Wall Street Zen

Posted by Francis Steltz on Oct 4th, 2026

Wall Street Zen downgraded shares of Plug Power (NASDAQ:PLUG – Free Report) from a sell rating to a strong sell rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other research firms have also recently commented on PLUG. Jefferies Financial Group upgraded shares of Plug Power to a “hold” rating in a report on Thursday, September 3rd. Susquehanna dropped their price objective on shares of Plug Power from $3.75 to $2.50 and set a “neutral” rating on the stock in a report on Friday, July 10th. Morgan Stanley increased their price objective on shares of Plug Power from $1.50 to $1.65 and gave the stock an “underweight” rating in a research report on Thursday, July 9th. Craig Hallum restated a “buy” rating on shares of Plug Power in a research note on Tuesday, August 11th. Finally, Oppenheimer restated a “market perform” rating on shares of Plug Power in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.59.

Get Our Latest Analysis on PLUG

Plug Power Price Performance

Plug Power stock opened at $1.90 on Friday. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -1.51 and a beta of 2.28. Plug Power has a 52-week low of $1.70 and a 52-week high of $4.58. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.32 and a current ratio of 2.32. The stock’s 50 day moving average price is $2.11 and its two-hundred day moving average price is $2.60.

Plug Power (NASDAQ:PLUG – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The electronics maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. Plug Power had a negative net margin of 220.59% and a negative return on equity of 56.01%. The company had revenue of $178.30 million during the quarter, compared to analyst estimates of $169.11 million. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Plug Power will post -0.26 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Benjamin Haycraft sold 200,000 shares of the business’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $2.14, for a total value of $428,000.00. Following the transaction, the insider directly owned 101,249 shares of the company’s stock, valued at approximately $216,672.86. The trade was a 66.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 232,560 shares of company stock valued at $496,178 over the last 90 days. 1.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Plug Power

Several large investors have recently added to or reduced their stakes in PLUG. Envestnet Asset Management Inc. grew its position in shares of Plug Power by 45.7% in the second quarter. Envestnet Asset Management Inc. now owns 27,568 shares of the electronics maker’s stock valued at $75,000 after purchasing an additional 8,642 shares in the last quarter. State Street Corp lifted its holdings in Plug Power by 6.1% during the 2nd quarter. State Street Corp now owns 38,763,529 shares of the electronics maker’s stock worth $105,049,000 after purchasing an additional 2,214,427 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Plug Power by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 702,003 shares of the electronics maker’s stock worth $1,902,000 after purchasing an additional 63,074 shares during the period. Tidal Investments LLC boosted its stake in Plug Power by 79.9% in the 2nd quarter. Tidal Investments LLC now owns 187,591 shares of the electronics maker’s stock worth $508,000 after purchasing an additional 83,314 shares during the period. Finally, WINTON GROUP Ltd bought a new position in Plug Power in the 2nd quarter worth about $145,000. Hedge funds and other institutional investors own 43.48% of the company’s stock.

Plug Power Company Profile

(Get Free Report)

Plug Power Inc is a clean-energy technology company that develops and supplies hydrogen and fuel-cell solutions. Its products include fuel-cell systems and engines for material-handling equipment, backup and stationary power, and other commercial and industrial applications. The company also provides electrolyzers for producing hydrogen, along with hydrogen generation, liquefaction, storage, and delivery services.

Plug Power serves customers in material handling, transportation, power generation, and industrial markets.