Q1 Earnings Forecast for Plug Power Issued By B. Riley

Plug Power Inc. (NASDAQ:PLUG) – Investment analysts at B. Riley issued their Q1 2025 earnings per share estimates for shares of Plug Power in a research report issued on Wednesday, March 5th. B. Riley analyst R. Pfingst expects that the electronics maker will earn ($0.21) per share for the quarter. B. Riley 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 Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at ($0.11) EPS and Q4 2025 earnings at ($0.10) EPS.

Other research analysts also recently issued research reports about the company. HC Wainwright dropped their price target on Plug Power from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler reduced their price target on Plug Power from $1.40 to $1.10 and set an “underweight” rating for the company in a report on Wednesday. StockNews.com raised Plug Power to a “sell” rating in a report on Tuesday. Seaport Res Ptn cut Plug Power from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. Finally, Canaccord Genuity Group dropped their price target on Plug Power from $2.00 to $1.25 and set a “hold” rating for the company in a research report on Wednesday. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.40.

Plug Power Trading Up 4.3 %

PLUG opened at $1.69 on Thursday. Plug Power has a one year low of $1.37 and a one year high of $4.90. The company has a market cap of $1.54 billion, a P/E ratio of -0.79 and a beta of 1.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 2.08. The business’s 50-day simple moving average is $2.09 and its 200-day simple moving average is $2.11.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PLUG. Nations Financial Group Inc. IA ADV raised its position in Plug Power by 42.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 15,798 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 4,700 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Plug Power by 53.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,410 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 5,348 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Plug Power by 0.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 803,881 shares of the electronics maker’s stock worth $1,817,000 after purchasing an additional 5,485 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in Plug Power by 12.8% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 49,000 shares of the electronics maker’s stock worth $104,000 after purchasing an additional 5,550 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in Plug Power by 79.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 5,631 shares during the last quarter. 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.