Q1 Earnings Estimate for Plug Power Issued By Roth Capital

Plug Power Inc. (NASDAQ:PLUG) – Equities researchers at Roth Capital issued their Q1 2025 earnings estimates for Plug Power in a report issued on Tuesday, November 12th. Roth Capital analyst C. Irwin forecasts that the electronics maker will post earnings per share of ($0.18) for the quarter. The consensus estimate for Plug Power’s current full-year earnings is ($1.16) per share. Roth Capital also issued estimates for Plug Power’s Q2 2025 earnings at ($0.17) EPS and Q3 2025 earnings at ($0.11) EPS.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data on Tuesday, November 12th. The electronics maker reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). The company had revenue of $173.70 million for the quarter, compared to analyst estimates of $207.25 million. Plug Power had a negative net margin of 214.05% and a negative return on equity of 47.36%. The business’s revenue was down 12.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.47) EPS.

PLUG has been the subject of several other research reports. Wells Fargo & Company lowered their price target on shares of Plug Power from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 target price on shares of Plug Power in a research report on Wednesday. Royal Bank of Canada cut their price target on shares of Plug Power from $3.50 to $2.50 and set a “sector perform” rating for the company in a report on Monday, August 12th. Evercore ISI dropped their price target on Plug Power from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Piper Sandler decreased their price objective on Plug Power from $2.50 to $2.40 and set an “underweight” rating for the company in a report on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Plug Power has a consensus rating of “Hold” and a consensus target price of $4.75.

Plug Power Trading Up 3.1 %

PLUG stock opened at $1.97 on Thursday. The firm has a market cap of $1.73 billion, a P/E ratio of -0.92 and a beta of 1.81. Plug Power has a 1-year low of $1.60 and a 1-year high of $5.14. The business’s 50 day moving average is $2.06 and its 200-day moving average is $2.41. The company has a current ratio of 2.07, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.

Institutional Trading of Plug Power

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Plug Power by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 54,986,479 shares of the electronics maker’s stock valued at $189,153,000 after purchasing an additional 999,194 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Plug Power by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,637,039 shares of the electronics maker’s stock valued at $15,000,000 after purchasing an additional 1,354,500 shares during the last quarter. Van ECK Associates Corp raised its position in Plug Power by 23.6% in the 3rd quarter. Van ECK Associates Corp now owns 4,232,001 shares of the electronics maker’s stock worth $8,803,000 after buying an additional 809,187 shares during the last quarter. Vontobel Holding Ltd. lifted its position in Plug Power by 44.3% during the third quarter. Vontobel Holding Ltd. now owns 3,426,354 shares of the electronics maker’s stock valued at $7,744,000 after purchasing an additional 1,051,400 shares in the last quarter. Finally, Swedbank AB purchased a new position in Plug Power during the first quarter valued at $10,687,000. 43.48% of the stock is currently owned by hedge funds and other 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.