FY2026 EPS Estimates for Plug Power Raised by HC Wainwright

Plug Power, Inc. (NASDAQ:PLUG) – Analysts at HC Wainwright increased their FY2026 earnings estimates for Plug Power in a research note issued on Tuesday, March 3rd. HC Wainwright analyst A. Dayal now anticipates that the electronics maker will post earnings per share of ($0.34) for the year, up from their prior forecast of ($0.38). HC Wainwright has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. HC Wainwright also issued estimates for Plug Power’s Q4 2026 earnings at ($0.05) EPS, FY2027 earnings at ($0.19) EPS, FY2028 earnings at ($0.15) EPS and FY2029 earnings at ($0.05) EPS.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings data on Monday, March 2nd. The electronics maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. Plug Power had a negative net margin of 229.83% and a negative return on equity of 45.97%. The company had revenue of $225.22 million for the quarter, compared to analyst estimates of $217.38 million. During the same period in the previous year, the business earned ($1.48) EPS.

PLUG has been the topic of a number of other reports. BTIG Research reissued a “neutral” rating on shares of Plug Power in a report on Tuesday. Oppenheimer reaffirmed a “market perform” rating on shares of Plug Power in a research report on Tuesday. Canaccord Genuity Group set a $7.00 price objective on shares of Plug Power in a research report on Monday, November 24th. TD Cowen downgraded shares of Plug Power from a “buy” rating to a “hold” rating in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Plug Power in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Plug Power presently has a consensus rating of “Hold” and an average price target of $2.87.

Plug Power Price Performance

Shares of NASDAQ PLUG opened at $2.29 on Thursday. The company has a quick ratio of 0.70, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average price is $2.13 and its two-hundred day moving average price is $2.27. The company has a market cap of $3.19 billion, a PE ratio of -1.70 and a beta of 1.92. Plug Power has a twelve month low of $0.69 and a twelve month high of $4.58.

Insider Transactions at Plug Power

In other Plug Power news, insider Jose Luis Crespo bought 37,300 shares of the stock in a transaction dated Monday, December 15th. The shares were bought at an average cost of $2.34 per share, with a total value of $87,282.00. Following the completion of the acquisition, the insider owned 307,332 shares of the company’s stock, valued at $719,156.88. This trade represents a 13.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Benjamin Haycraft sold 40,000 shares of Plug Power stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $2.20, for a total transaction of $88,000.00. Following the completion of the sale, the insider owned 373,809 shares of the company’s stock, valued at approximately $822,379.80. The trade was a 9.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Plug Power

Hedge funds have recently added to or reduced their stakes in the stock. Kovack Advisors Inc. bought a new stake in shares of Plug Power during the 3rd quarter valued at $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Plug Power by 116.7% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 13,000 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 7,000 shares in the last quarter. Sender Co & Partners Inc. bought a new stake in Plug Power during the second quarter worth about $26,000. Yousif Capital Management LLC acquired a new stake in Plug Power during the third quarter worth about $27,000. Finally, Prakash Investment Advisors LLC bought a new position in Plug Power in the 3rd quarter valued at about $27,000. Institutional investors own 43.48% of the company’s stock.

Key Plug Power News

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Company reported better-than-expected 2025 results: $710M revenue (up ~13% YoY) and Plug returned to a positive quarterly gross margin in Q4, supporting the turnaround narrative. Plug Power (PLUG) Achieves $710M 2025 Revenue and First Positive Quarterly Gross Margin
• Positive Sentiment: Leadership change and visibility event: newly appointed CEO Jose Luis Crespo is being positioned around operational improvement; the company will ring the Nasdaq Closing Bell, a PR signal tied to the positive Q4 messaging. Plug Power to Ring the Nasdaq Stock Market Closing Bell on March 6, 2026
• Positive Sentiment: Analyst support: HC Wainwright reiterated a Buy and raised multi‑year EPS assumptions, reflecting improved margin trajectory and an upgraded longer-term outlook. Plug Power (NASDAQ:PLUG) Earns “Buy” Rating from HC Wainwright
• Neutral Sentiment: Bull cases and commentary are circulating (Substack/analyst write-ups) highlighting hydrogen upside and operational progress — useful context but speculative near-term. Is Plug Power Inc. (PLUG) A Good Stock To Buy
• Neutral Sentiment: Broader market headwinds (ETF/futures softness) are a moderating factor for momentum names like PLUG today. Exchange-Traded Funds, Equity Futures Lower Pre-Bell Thursday Amid Continued Middle East Conflict
• Neutral Sentiment: Smaller analyst moves: Wells Fargo adjusted its target/rating (equal-weight at $2.00) — shifts like this add volatility but are not large-scale endorsements. Wells Fargo raises price target to $2.00 (coverage note)
• Negative Sentiment: Multiple class-action lawsuits and law-firm notices: several firms (Pomerantz, Rosen, Schall, Faruqi, Robbins, Bronstein, etc.) have filed suits or are soliciting lead plaintiffs for alleged securities claims covering Jan 17–Nov 13, 2025 — this raises litigation, distraction and potential settlement risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Plug Power Inc. and Certain Officers – PLUG
• Negative Sentiment: Investor alerts and lead-plaintiff deadlines (April 3) have multiplied — Rosen and other firms are actively encouraging investors to sign up, keeping the issue in the headlines and pressuring sentiment. ROSEN, LEADING INVESTOR COUNSEL, Encourages Plug Power Inc. Investors to Secure Counsel
• Negative Sentiment: Allegations and press tying past stock drops to DOE funding concerns and executive disputes (press highlighting a ~17% drop and management friction) amplify near-term downside risk and investor uncertainty. $PLUG Stock Drop: Lose Money when Plug Power Inc. Fell 17% Amid DOE Funding Issues? Contact BFA Law before April 3 Class Action Deadline

About Plug Power

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.