Plug Power (NASDAQ:PLUG – Get Free Report) had its target price lowered by equities researchers at Susquehanna from $1.75 to $1.50 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the electronics maker’s stock. Susquehanna‘s price target suggests a potential upside of 9.09% from the stock’s current price.
A number of other research analysts have also recently commented on PLUG. Weiss Ratings upgraded shares of Plug Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, October 21st. Oppenheimer reiterated a “market perform” rating on shares of Plug Power in a report on Tuesday. Jefferies Financial Group raised shares of Plug Power to a “hold” rating in a research report on Thursday, September 3rd. Wall Street Zen raised shares of Plug Power from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 17th. Finally, HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of Plug Power in a research note on Tuesday. One equities 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.25.
Check Out Our Latest Stock Report on PLUG
Plug Power Stock Performance
PLUG stock opened at $1.38 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $1.75 and its two-hundred day simple moving average is $2.36. Plug Power has a twelve month low of $1.30 and a twelve month high of $4.33. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -1.46 and a beta of 2.13.
Plug Power (NASDAQ:PLUG – Get Free Report) last released its earnings results on Monday, August 10th. The electronics maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. The business had revenue of $178.30 million during the quarter, compared to the consensus estimate of $169.11 million. Plug Power had a negative return on equity of 59.87% and a negative net margin of 153.68%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts predict that Plug Power will post -0.25 earnings per share for the current year.
Insider Buying and Selling at Plug Power
In related news, insider Benjamin Haycraft sold 200,000 shares of the company’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 completion of the sale, the insider directly owned 101,249 shares of the company’s stock, valued at $216,672.86. This represents a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 241,935 shares of company stock valued at $509,397 in the last ninety days. Insiders own 1.37% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new stake in shares of Plug Power in the 2nd quarter worth approximately $25,000. Greenleaf Trust purchased a new position in Plug Power during the second quarter valued at approximately $29,000. Manatuck Hill Partners LLC purchased a new position in Plug Power during the second quarter valued at approximately $43,000. 71 West Capital Partners bought a new position in Plug Power in the third quarter worth approximately $31,000. Finally, Alta Advisers Ltd bought a new position in Plug Power in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 43.48% of the company’s stock.
Key Stories Impacting Plug Power
Here are the key news stories impacting Plug Power this week:
- Positive Sentiment: Revenue reached about $201 million, Plug Power’s highest quarterly total of 2026 and above analyst expectations. Net cash usage fell to a record-low $28 million, while GenDrive deployments rose 110% year over year to 1,136 units. Q3 earnings call highlights
- Positive Sentiment: Management cited gross-margin improvement, reaffirmed its 15%–16% revenue-growth outlook and is targeting positive EBITDAS in Q4, with roughly $280 million in revenue forecast for the quarter. Data-center backup-power partnerships could provide another source of demand. Outlook and Q4 targets
- Negative Sentiment: The company reported a Q3 loss of $0.12 per share, wider than the $0.07 loss analysts expected. Persistent unprofitability and uncertainty about whether margin gains can translate into sustained earnings likely contributed to the negative reaction despite the revenue beat. Reaction to mixed Q3 results
- Negative Sentiment: Technical commentary also flagged a bearish chart pattern, suggesting some investors see scope for further weakness. Technical analysis
About Plug Power
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.
Featured Articles
- Five stocks we like better than Plug Power
- 3 Stocks Wall Street Likes More Than the Market Does
- Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
- The AI Debt Bill Is Coming Due, But Biotech Has Revenue to Show for the Boom
- 3 Insider Selling Stories; 3 Different Signals for Investors
Receive News & Ratings for Plug Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plug Power and related companies with MarketBeat.com's FREE daily email newsletter.
