Plug Power Inc. to Post FY2026 Earnings of ($0.40) Per Share, Seaport Res Ptn Forecasts (NASDAQ:PLUG)

Plug Power Inc. (NASDAQ:PLUG) – Investment analysts at Seaport Res Ptn issued their FY2026 earnings per share (EPS) estimates for shares of Plug Power in a note issued to investors on Wednesday, September 25th. Seaport Res Ptn analyst T. Curran expects that the electronics maker will earn ($0.40) per share for the year. The consensus estimate for Plug Power’s current full-year earnings is ($1.15) per share.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Thursday, August 8th. The electronics maker reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.06). Plug Power had a negative return on equity of 47.51% and a negative net margin of 216.80%. The firm had revenue of $143.40 million for the quarter, compared to analyst estimates of $184.54 million. During the same period in the previous year, the business posted ($0.35) EPS. Plug Power’s revenue for the quarter was down 44.9% compared to the same quarter last year.

Several other analysts have also issued reports on the company. Wells Fargo & Company dropped their price objective on Plug Power from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Piper Sandler reduced their price target on Plug Power from $2.50 to $2.40 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Canaccord Genuity Group cut their target price on Plug Power from $3.00 to $2.50 and set a “hold” rating for the company in a research note on Monday, August 12th. Royal Bank of Canada dropped their price target on Plug Power from $3.50 to $2.50 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Finally, Truist Financial dropped their price target on Plug Power from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, August 12th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Plug Power has a consensus rating of “Hold” and an average target price of $5.19.

Plug Power Stock Performance

Shares of Plug Power stock opened at $2.28 on Friday. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -0.95 and a beta of 1.79. The stock’s 50-day moving average is $2.09 and its 200-day moving average is $2.63. Plug Power has a one year low of $1.60 and a one year high of $7.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.07 and a quick ratio of 0.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina lifted its position in Plug Power by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 233,192 shares of the electronics maker’s stock valued at $1,049,000 after purchasing an additional 2,280 shares during the period. Pitcairn Co. lifted its position in Plug Power by 27.1% during the first quarter. Pitcairn Co. now owns 19,561 shares of the electronics maker’s stock valued at $67,000 after purchasing an additional 4,169 shares during the period. Cetera Advisors LLC lifted its position in Plug Power by 33.0% during the first quarter. Cetera Advisors LLC now owns 27,733 shares of the electronics maker’s stock valued at $95,000 after purchasing an additional 6,885 shares during the period. Advisors Asset Management Inc. lifted its position in Plug Power by 11.0% during the first quarter. Advisors Asset Management Inc. now owns 70,442 shares of the electronics maker’s stock valued at $242,000 after purchasing an additional 7,006 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Plug Power by 8.6% during the second quarter. Victory Capital Management Inc. now owns 88,102 shares of the electronics maker’s stock valued at $205,000 after purchasing an additional 7,014 shares during the period. Institutional investors own 43.48% of the company’s stock.

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.