B. Riley Has Positive Outlook for Plug Power FY2025 Earnings

Plug Power Inc. (NASDAQ:PLUG) – Equities researchers at B. Riley boosted their FY2025 EPS estimates for shares of Plug Power in a research note issued to investors on Wednesday, March 5th. B. Riley analyst R. Pfingst now forecasts that the electronics maker will post earnings of ($0.56) per share for the year, up from their prior forecast of ($0.60). B. Riley currently has a “Buy” rating and a $3.00 price target on the stock. 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 FY2026 earnings at ($0.35) EPS.

Several other brokerages have also issued reports on PLUG. BMO Capital Markets cut their price target on Plug Power from $1.60 to $1.40 and set an “underperform” rating on the stock in a report on Wednesday. Craig Hallum cut their target price on Plug Power from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Seaport Res Ptn lowered shares of Plug Power from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Wells Fargo & Company dropped their price objective on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group decreased their target price on shares of Plug Power from $2.00 to $1.25 and set a “hold” rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.34.

Plug Power Price Performance

Shares of NASDAQ PLUG opened at $1.78 on Friday. The firm has a market capitalization of $1.65 billion, a P/E ratio of -0.83 and a beta of 1.98. The firm’s 50-day moving average price is $2.05 and its 200-day moving average price is $2.10. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. Plug Power has a 1-year low of $1.37 and a 1-year high of $4.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PLUG. Vanguard Group Inc. increased its position in shares of Plug Power by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 87,438,503 shares of the electronics maker’s stock valued at $186,244,000 after purchasing an additional 4,491,114 shares during the last quarter. Norges Bank purchased a new stake in Plug Power during the fourth quarter worth about $146,465,000. Geode Capital Management LLC raised 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 worth $42,434,000 after acquiring an additional 722,639 shares during the period. Legal & General Group Plc boosted its stake 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 acquiring an additional 796,774 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Plug Power by 11.1% in the fourth quarter. Northern Trust Corp now owns 7,907,687 shares of the electronics maker’s stock valued at $16,843,000 after acquiring an additional 790,650 shares during the last quarter. Hedge funds and other institutional investors own 43.48% of the company’s stock.

Plug Power Company Profile

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.