Seaport Res Ptn Comments on Plug Power Inc.’s Q1 2025 Earnings (NASDAQ:PLUG)

Plug Power Inc. (NASDAQ:PLUG) – Equities research analysts at Seaport Res Ptn issued their Q1 2025 earnings per share estimates for shares of Plug Power in a report released on Tuesday, May 28th. Seaport Res Ptn analyst T. Curran anticipates that the electronics maker will earn ($0.17) per share for the quarter. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.12) per share. Seaport Res Ptn also issued estimates for Plug Power’s Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.14) EPS and Q4 2025 earnings at ($0.12) EPS.

A number of other brokerages also recently commented on PLUG. TD Cowen lowered their price objective on Plug Power from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Marathon Capitl reissued an “equal weight” rating on shares of Plug Power in a research note on Tuesday, March 26th. Piper Sandler decreased their price target on Plug Power from $2.90 to $2.50 and set an “underweight” rating for the company in a research note on Friday, May 10th. HC Wainwright reissued a “buy” rating and issued a $18.00 price target on shares of Plug Power in a research note on Tuesday, May 14th. Finally, Morgan Stanley decreased their price target on Plug Power from $3.00 to $2.50 and set an “underweight” rating for the company in a research note on Friday, May 10th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.49.

Plug Power Price Performance

Shares of PLUG opened at $3.33 on Thursday. The company has a market cap of $2.47 billion, a P/E ratio of -1.39 and a beta of 1.64. The stock has a fifty day moving average price of $2.97 and a 200 day moving average price of $3.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.94 and a quick ratio of 0.87. Plug Power has a 12 month low of $2.25 and a 12 month high of $13.44.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data on Thursday, May 9th. The electronics maker reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.11). The company had revenue of $120.26 million for the quarter, compared to the consensus estimate of $162.92 million. Plug Power had a negative return on equity of 43.10% and a negative net margin of 181.96%.

Institutional Investors Weigh In On Plug Power

Hedge funds have recently bought and sold shares of the business. Mosley Wealth Management purchased a new stake in Plug Power in the 1st quarter worth about $35,000. J.W. Cole Advisors Inc. acquired a new position in Plug Power in the 1st quarter worth about $36,000. HBK Sorce Advisory LLC acquired a new position in Plug Power in the 1st quarter worth about $37,000. FAS Wealth Partners Inc. acquired a new position in Plug Power in the 4th quarter worth about $45,000. Finally, Independent Advisor Alliance acquired a new position in Plug Power in the 4th quarter worth about $45,000. 43.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director George C. Mcnamee sold 10,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $2.56, for a total transaction of $25,600.00. Following the completion of the sale, the director now directly owns 639,572 shares of the company’s stock, valued at $1,637,304.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.

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.