Roth Capital Has Bearish Estimate for Plug Power Q4 Earnings

Plug Power, Inc. (NASDAQ:PLUG) – Roth Capital lowered their Q4 2025 EPS estimates for Plug Power in a report issued on Tuesday, November 11th. Roth Capital analyst C. Irwin now expects that the electronics maker will post earnings per share of ($0.07) for the quarter, down from their prior estimate of ($0.06). 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 Q1 2026 earnings at ($0.11) EPS, Q2 2026 earnings at ($0.10) EPS, Q3 2026 earnings at ($0.10) EPS and Q4 2026 earnings at ($0.09) EPS.

Plug Power (NASDAQ:PLUG) last announced its earnings results on Monday, November 10th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. Plug Power had a negative net margin of 292.84% and a negative return on equity of 90.22%. The firm had revenue of $177.06 million for the quarter, compared to analyst estimates of $185.41 million. Plug Power has set its FY 2025 guidance at EPS.

PLUG has been the subject of several other reports. HC Wainwright lifted their price objective on Plug Power from $3.00 to $7.00 and gave the company a “buy” rating in a report on Friday, October 3rd. BMO Capital Markets dropped their price target on Plug Power from $1.10 to $1.00 and set an “underperform” rating for the company in a research note on Tuesday, August 12th. Susquehanna increased their price objective on shares of Plug Power from $1.80 to $3.50 and gave the stock a “neutral” rating in a research note on Monday, October 13th. HSBC set a $4.40 target price on shares of Plug Power in a report on Thursday, October 9th. Finally, Wells Fargo & Company upped their price target on shares of Plug Power from $1.00 to $1.50 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $2.50.

Plug Power Trading Down 10.0%

Shares of PLUG stock opened at $2.24 on Thursday. The stock has a market cap of $2.59 billion, a P/E ratio of -0.97 and a beta of 2.28. Plug Power has a 1 year low of $0.69 and a 1 year high of $4.58. The company has a current ratio of 1.59, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $2.71 and a 200 day simple moving average of $1.79.

Institutional Investors Weigh In On Plug Power

Several hedge funds have recently modified their holdings of the company. Heights Capital Management Inc. bought a new stake in Plug Power during the 1st quarter worth $31,174,000. Two Sigma Investments LP boosted its stake in shares of Plug Power by 292.1% during the third quarter. Two Sigma Investments LP now owns 10,830,893 shares of the electronics maker’s stock valued at $25,236,000 after purchasing an additional 8,068,713 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Plug Power by 7.6% during the third quarter. Vanguard Group Inc. now owns 109,631,956 shares of the electronics maker’s stock valued at $255,442,000 after purchasing an additional 7,789,039 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Plug Power by 59.9% during the second quarter. Legal & General Group Plc now owns 16,980,865 shares of the electronics maker’s stock worth $25,301,000 after purchasing an additional 6,364,483 shares during the last quarter. Finally, Electron Capital Partners LLC acquired a new position in shares of Plug Power in the third quarter valued at approximately $10,663,000. Institutional investors and hedge funds own 43.48% of the company’s stock.

Insider Activity

In related news, EVP Benjamin Haycraft sold 10,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $2.92, for a total value of $29,200.00. Following the completion of the transaction, the executive vice president owned 467,583 shares of the company’s stock, valued at $1,365,342.36. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.41% of the company’s stock.

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.