Roth Capital Has Strong Estimate for Plug Power Q1 Earnings

Plug Power Inc. (NASDAQ:PLUG) – Roth Capital lifted their Q1 2025 earnings estimates for Plug Power in a research note issued on Tuesday, March 4th. Roth Capital analyst C. Irwin now expects that the electronics maker will earn ($0.17) per share for the quarter, up from their previous forecast of ($0.18). The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. Roth Capital also issued estimates for Plug Power’s FY2025 earnings at ($0.53) EPS.

PLUG has been the subject of a number of other research reports. Truist Financial dropped 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. Seaport Res Ptn cut Plug Power from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Piper Sandler decreased their price objective on Plug Power from $1.40 to $1.10 and set an “underweight” rating for the company in a report on Wednesday. HC Wainwright reduced their target price on Plug Power from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday. Finally, StockNews.com upgraded Plug Power to a “sell” rating in a research report on Tuesday. Six equities research 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 has a consensus rating of “Hold” and a consensus price target of $2.40.

Plug Power Trading Up 4.3 %

PLUG opened at $1.69 on Thursday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -0.79 and a beta of 1.79. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. Plug Power has a twelve month low of $1.37 and a twelve month high of $4.90. The company has a 50-day simple moving average of $2.09 and a 200 day simple moving average of $2.11.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Plug Power by 25.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,637,039 shares of the electronics maker’s stock valued at $15,000,000 after buying an additional 1,354,500 shares in the last quarter. XTX Topco Ltd bought a new stake in Plug Power during the 3rd quarter valued at approximately $2,174,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Plug Power by 24.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,421,222 shares of the electronics maker’s stock valued at $5,472,000 after purchasing an additional 476,060 shares during the period. Stifel Financial Corp raised its stake in Plug Power by 23.4% during the 3rd quarter. Stifel Financial Corp now owns 1,398,398 shares of the electronics maker’s stock valued at $3,160,000 after purchasing an additional 265,514 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Plug Power by 166.4% during the 3rd quarter. MetLife Investment Management LLC now owns 424,297 shares of the electronics maker’s stock valued at $959,000 after purchasing an additional 265,042 shares during the period. 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.