B. Riley Predicts Plug Power’s Q2 Earnings (NASDAQ:PLUG)

Plug Power, Inc. (NASDAQ:PLUG) – Research analysts at B. Riley lowered their Q2 2025 earnings per share estimates for Plug Power in a note issued to investors on Thursday, July 10th. B. Riley analyst R. Pfingst now forecasts that the electronics maker will post earnings per share of ($0.15) for the quarter, down from their prior estimate of ($0.12). 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 Q3 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.58) EPS and FY2026 earnings at ($0.34) EPS.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lowered their target price on Plug Power from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 14th. HC Wainwright reiterated a “buy” rating and issued a $3.00 price objective on shares of Plug Power in a report on Monday, March 24th. Morgan Stanley reduced their price objective on Plug Power from $1.25 to $0.50 and set an “underweight” rating for the company in a report on Monday, May 19th. Susquehanna lowered their target price on Plug Power from $1.80 to $1.25 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Canaccord Genuity Group reduced their price target on Plug Power from $1.25 to $1.00 and set a “hold” rating for the company in a research note on Tuesday, May 13th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Plug Power presently has an average rating of “Hold” and an average target price of $1.83.

Plug Power Stock Down 2.5%

Shares of PLUG stock opened at $1.53 on Monday. The firm’s fifty day moving average price is $1.11 and its two-hundred day moving average price is $1.47. Plug Power has a 1 year low of $0.69 and a 1 year high of $3.34. The company has a current ratio of 1.95, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.75 billion, a P/E ratio of -0.62 and a beta of 2.29.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings results on Monday, May 12th. The electronics maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). Plug Power had a negative return on equity of 82.21% and a negative net margin of 312.29%. The firm had revenue of $133.67 million for the quarter, compared to analyst estimates of $130.92 million.

Insider Transactions at Plug Power

In other news, insider Paul B. Middleton acquired 650,000 shares of the stock in a transaction on Monday, June 9th. The stock was acquired at an average cost of $1.03 per share, for a total transaction of $669,500.00. Following the completion of the transaction, the insider directly owned 2,558,064 shares in the company, valued at approximately $2,634,805.92. This trade represents a 34.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.41% of the stock is owned by company insiders.

Institutional Trading of Plug Power

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Plug Power by 4.5% in the first quarter. Vanguard Group Inc. now owns 91,368,845 shares of the electronics maker’s stock worth $123,348,000 after acquiring an additional 3,930,342 shares during the last quarter. Norges Bank acquired a new position in Plug Power during the 4th quarter worth approximately $146,465,000. Heights Capital Management Inc. bought a new position in Plug Power in the 1st quarter valued at approximately $31,174,000. Geode Capital Management LLC boosted its position in Plug Power by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 19,917,268 shares of the electronics maker’s stock valued at $42,434,000 after buying an additional 722,639 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Plug Power by 8.5% in the fourth quarter. Legal & General Group Plc now owns 10,141,849 shares of the electronics maker’s stock valued at $21,602,000 after buying an additional 796,774 shares in the last quarter. 43.48% of the stock is currently owned by institutional investors.

About Plug Power

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.