Plug Power, Inc. (NASDAQ:PLUG – Free Report) – Equities researchers at HC Wainwright increased their FY2026 earnings estimates for shares of Plug Power in a research note issued on Tuesday, November 10th. HC Wainwright analyst A. Dayal now anticipates that the electronics maker will earn ($0.11) per share for the year, up from their prior forecast of ($0.25). HC Wainwright has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($0.25) per share. HC Wainwright also issued estimates for Plug Power’s Q4 2026 earnings at ($0.03) EPS.
Plug Power (NASDAQ:PLUG – Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $178.30 million during the quarter, compared to the consensus estimate of $169.11 million. Plug Power had a negative net margin of 153.68% and a negative return on equity of 61.36%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.
Several other research analysts have also commented on PLUG. Morgan Stanley reissued an “underweight” rating and issued a $1.20 price target on shares of Plug Power in a research report on Wednesday, October 14th. Wall Street Zen upgraded Plug Power from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 17th. UBS Group reiterated a “buy” rating and set a $5.00 price target on shares of Plug Power in a research note on Tuesday, August 11th. Oppenheimer restated a “market perform” rating on shares of Plug Power in a research note on Tuesday. Finally, KeyCorp set a $3.00 price objective on shares of Plug Power in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Plug Power has an average rating of “Hold” and a consensus target price of $3.25.
Get Our Latest Analysis on PLUG
Plug Power Stock Down 0.7%
NASDAQ:PLUG opened at $1.35 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.21 and a quick ratio of 1.32. The company has a 50-day moving average of $1.73 and a 200 day moving average of $2.35. Plug Power has a 1-year low of $1.30 and a 1-year high of $4.33. The firm has a market cap of $1.90 billion, a PE ratio of -1.43 and a beta of 2.13.
Hedge Funds Weigh In On Plug Power
A number of hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in Plug Power in the 2nd quarter valued at $25,000. Greenleaf Trust purchased a new position in shares of Plug Power in the second quarter worth about $29,000. Alta Advisers Ltd acquired a new position in Plug Power during the third quarter worth about $31,000. 71 West Capital Partners acquired a new position in Plug Power during the third quarter worth about $31,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Plug Power during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 43.48% of the company’s stock.
Insiders Place Their Bets
In other Plug Power news, insider Benjamin Haycraft sold 200,000 shares of the stock in a transaction on Friday, September 18th. The shares were sold at an average price of $2.14, for a total transaction of $428,000.00. Following the transaction, the insider directly owned 101,249 shares of the company’s stock, valued at $216,672.86. This trade represents a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 241,935 shares of company stock worth $509,397 in the last ninety days. Corporate insiders own 1.37% of the company’s stock.
Plug Power Company Profile
Plug Power Inc. develops hydrogen fuel cell and hydrogen-generation solutions for businesses seeking alternatives to conventional power and fuel sources. Its offerings include fuel cell systems, electrolyzers that produce hydrogen, hydrogen storage and handling equipment, and related infrastructure and services. The company’s products are used in applications such as material-handling equipment, including warehouse forklifts, as well as stationary power and other industrial and mobility uses. Plug also supplies hydrogen and supports customers with installation, maintenance, and fueling solutions.
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