Brokers Issue Forecasts for Plug Power Inc.’s FY2025 Earnings (NASDAQ:PLUG)

Plug Power Inc. (NASDAQ:PLUGFree Report) – Equities research analysts at Seaport Res Ptn issued their FY2025 earnings per share estimates for shares of Plug Power in a note issued to investors on Tuesday, February 6th. Seaport Res Ptn analyst T. Curran expects that the electronics maker will post earnings of ($0.48) per share for the year. Seaport Res Ptn currently has a “Neutral” rating on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.69) per share.

Plug Power (NASDAQ:PLUGGet Free Report) last released its quarterly earnings results on Thursday, November 9th. The electronics maker reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.15). Plug Power had a negative return on equity of 24.18% and a negative net margin of 106.74%. The company had revenue of $198.71 million during the quarter, compared to the consensus estimate of $219.57 million. During the same period in the previous year, the firm posted ($0.30) earnings per share. The company’s revenue was up 5.4% on a year-over-year basis.

PLUG has been the topic of several other reports. Redburn Atlantic started coverage on Plug Power in a research note on Tuesday. They set a “neutral” rating and a $4.50 target price on the stock. Wolfe Research cut Plug Power from an “outperform” rating to a “peer perform” rating in a report on Monday, November 13th. JPMorgan Chase & Co. cut Plug Power from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $10.00 to $6.00 in a report on Friday, November 10th. Royal Bank of Canada reduced their price target on Plug Power from $5.00 to $3.50 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Finally, BMO Capital Markets cut Plug Power from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $3.50 to $2.50 in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.63.

View Our Latest Analysis on PLUG

Plug Power Stock Down 0.7 %

Shares of PLUG stock opened at $4.19 on Wednesday. Plug Power has a 1-year low of $2.26 and a 1-year high of $16.80. The stock’s fifty day moving average price is $4.08 and its 200 day moving average price is $6.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.41 and a quick ratio of 1.31. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -2.62 and a beta of 1.67.

Institutional Investors Weigh In On Plug Power

A number of large investors have recently made changes to their positions in PLUG. BlackRock Inc. grew its position in Plug Power by 3.0% in the first quarter. BlackRock Inc. now owns 52,381,858 shares of the electronics maker’s stock worth $613,915,000 after acquiring an additional 1,534,756 shares during the period. Morgan Stanley grew its position in Plug Power by 87.2% in the third quarter. Morgan Stanley now owns 22,285,344 shares of the electronics maker’s stock worth $169,369,000 after acquiring an additional 10,378,912 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Plug Power by 28.4% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,177,114 shares of the electronics maker’s stock worth $230,420,000 after acquiring an additional 4,903,697 shares during the period. Norges Bank purchased a new position in Plug Power in the fourth quarter worth approximately $211,176,000. Finally, State Street Corp grew its position in Plug Power by 4.7% in the second quarter. State Street Corp now owns 16,121,043 shares of the electronics maker’s stock worth $167,498,000 after acquiring an additional 718,729 shares during the period. 49.99% of the stock is currently owned by hedge funds and other institutional investors.

Plug Power Company Profile

(Get Free Report)

Plug Power Inc delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including liquid green hydrogen production, storage and handling, transportation, and dispensing infrastructure.

Further Reading

Earnings History and Estimates for Plug Power (NASDAQ:PLUG)

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