B. Riley Issues Optimistic Estimate for Plug Power Earnings

Plug Power Inc. (NASDAQ:PLUG) – Investment analysts at B. Riley boosted their Q1 2025 EPS estimates for shares of Plug Power in a research note issued on Tuesday, April 29th. B. Riley analyst R. Pfingst now forecasts that the electronics maker will earn ($0.17) per share for the quarter, up from their prior forecast of ($0.21). B. Riley has a “Buy” rating and a $3.00 price objective 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 ($0.12) EPS, FY2025 earnings at ($0.50) EPS and FY2026 earnings at ($0.33) EPS.

Other analysts also recently issued reports about the stock. Morgan Stanley reduced their price target on shares of Plug Power from $1.75 to $1.60 and set an “underweight” rating for the company in a report on Thursday, March 6th. BMO Capital Markets reduced their price objective on shares of Plug Power from $1.60 to $1.40 and set an “underperform” rating for the company in a report on Wednesday, March 5th. Truist Financial reduced their price objective on shares of Plug Power from $2.00 to $1.50 and set a “hold” rating for the company in a report on Wednesday, March 5th. Piper Sandler reduced their price objective on shares of Plug Power from $1.40 to $1.10 and set an “underweight” rating for the company in a report on Wednesday, March 5th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of Plug Power in a report on Monday, March 24th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Plug Power currently has a consensus rating of “Hold” and a consensus price target of $2.29.

Plug Power Price Performance

Shares of Plug Power stock opened at $0.85 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 0.95. Plug Power has a fifty-two week low of $0.76 and a fifty-two week high of $4.90. The firm has a fifty day moving average price of $1.31 and a two-hundred day moving average price of $1.88. The company has a market cap of $787.97 million, a PE ratio of -0.40 and a beta of 2.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacific Sage Partners LLC acquired a new position in Plug Power in the 4th quarter valued at $25,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Plug Power during the 4th quarter worth $25,000. Jones Financial Companies Lllp grew its holdings in shares of Plug Power by 107.4% during the 4th quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 6,074 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Plug Power during the 1st quarter worth $26,000. Finally, Callan Family Office LLC acquired a new stake in shares of Plug Power during the 4th quarter worth $27,000. 43.48% of the stock is owned by institutional investors and hedge funds.

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.