Seaport Res Ptn Has Negative View of Plug Power Q1 Earnings

Plug Power Inc. (NASDAQ:PLUG) – Analysts at Seaport Res Ptn cut their Q1 2025 EPS estimates for shares of Plug Power in a research report issued on Monday, April 7th. Seaport Res Ptn analyst T. Curran now expects that the electronics maker will post earnings of ($0.21) per share for the quarter, down from their prior forecast of ($0.20). Seaport Res Ptn currently has a “Strong Sell” rating on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. Seaport Res Ptn also issued estimates for Plug Power’s Q2 2025 earnings at ($0.18) EPS, Q3 2025 earnings at ($0.16) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.67) EPS, Q1 2026 earnings at ($0.11) EPS, Q2 2026 earnings at ($0.10) EPS, Q3 2026 earnings at ($0.08) EPS, Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($0.37) EPS and FY2027 earnings at ($0.22) EPS.

Several other equities research analysts also recently weighed in on PLUG. Truist Financial decreased their target price on shares of Plug Power from $2.00 to $1.50 and set a “hold” rating for the company in a research note on Wednesday, March 5th. StockNews.com upgraded Plug Power to a “sell” rating in a research note on Tuesday, March 4th. Morgan Stanley decreased their price target on Plug Power from $1.75 to $1.60 and set an “underweight” rating for the company in a report on Thursday, March 6th. Canaccord Genuity Group dropped their price objective on shares of Plug Power from $2.00 to $1.25 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Finally, BMO Capital Markets cut their price objective on shares of Plug Power from $1.60 to $1.40 and set an “underperform” rating for the company in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.33.

Plug Power Trading Down 7.9 %

Shares of Plug Power stock opened at $1.12 on Thursday. 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 company has a market capitalization of $1.03 billion, a P/E ratio of -0.52 and a beta of 2.07. Plug Power has a 1 year low of $1.08 and a 1 year high of $4.90. The company’s fifty day moving average is $1.56 and its two-hundred day moving average is $2.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in shares of 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 acquiring an additional 5,348 shares during the period. Compagnie Lombard Odier SCmA boosted its position in Plug Power by 12.8% during the fourth 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 in the last quarter. 49 Wealth Management LLC grew its holdings in Plug Power by 25.0% in the fourth quarter. 49 Wealth Management LLC now owns 29,180 shares of the electronics maker’s stock valued at $62,000 after purchasing an additional 5,834 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Plug Power by 107.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,730 shares of the electronics maker’s stock valued at $25,000 after buying an additional 6,074 shares in the last quarter. Finally, Avantax Planning Partners Inc. raised its stake in shares of Plug Power by 54.0% during the 4th quarter. Avantax Planning Partners Inc. now owns 18,722 shares of the electronics maker’s stock worth $40,000 after buying an additional 6,561 shares during the last quarter. 43.48% of the stock is owned by hedge funds and other institutional investors.

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.