FY2026 EPS Estimate for Plug Power Increased by Analyst

Plug Power, Inc. (NASDAQ:PLUG) – Research analysts at HC Wainwright increased their FY2026 EPS estimates for Plug Power in a research note issued to investors on Tuesday, August 11th. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will earn ($0.25) per share for the year, up from their previous estimate of ($0.27). HC Wainwright currently has a “Buy” rating and a $7.00 target price on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($0.25) per share. HC Wainwright also issued estimates for Plug Power’s FY2027 earnings at ($0.10) EPS, FY2028 earnings at ($0.07) EPS and FY2029 earnings at $0.02 EPS.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings results on Monday, August 10th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. Plug Power had a negative net margin of 220.59% and a negative return on equity of 49.54%. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $169.11 million. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. Oppenheimer restated a “market perform” rating on shares of Plug Power in a report on Tuesday. UBS Group restated a “buy” rating and issued a $5.00 price target on shares of Plug Power in a research note on Tuesday. Weiss Ratings cut shares of Plug Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. Morgan Stanley increased their price objective on shares of Plug Power from $1.50 to $1.65 and gave the company an “underweight” rating in a research note on Thursday, July 9th. Finally, BMO Capital Markets boosted their target price on shares of Plug Power from $1.00 to $1.20 and gave the stock an “underperform” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.59.

Plug Power Stock Up 3.2%

Shares of Plug Power stock opened at $2.29 on Thursday. The business has a 50-day moving average of $2.46 and a 200-day moving average of $2.60. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.40. The company has a market capitalization of $3.20 billion, a PE ratio of -1.82 and a beta of 2.20. Plug Power has a 1-year low of $1.41 and a 1-year high of $4.58.

Institutional Trading of Plug Power

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC increased its holdings in Plug Power by 11.8% in the first quarter. Kestra Advisory Services LLC now owns 43,007 shares of the electronics maker’s stock valued at $97,000 after purchasing an additional 4,525 shares during the last quarter. Earned Wealth Advisors LLC boosted its holdings in Plug Power by 12.6% during the first quarter. Earned Wealth Advisors LLC now owns 44,061 shares of the electronics maker’s stock worth $100,000 after buying an additional 4,923 shares during the last quarter. Abel Hall LLC grew its position in shares of Plug Power by 9.2% during the 1st quarter. Abel Hall LLC now owns 62,213 shares of the electronics maker’s stock worth $141,000 after buying an additional 5,223 shares during the period. Wealthfront Advisers LLC grew its position in shares of Plug Power by 8.2% during the 1st quarter. Wealthfront Advisers LLC now owns 69,709 shares of the electronics maker’s stock worth $158,000 after buying an additional 5,283 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Plug Power by 53.6% in the 4th quarter. International Assets Investment Management LLC now owns 15,773 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 5,503 shares during the last quarter. 43.48% of the stock is owned by institutional investors and hedge funds.

Key Plug Power News

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Q2 results beat expectations: Plug Power reported approximately $178.3 million in revenue, above the $169.1 million consensus estimate, while its adjusted loss of $0.07 per share was better than the expected $0.08 loss. Plug Power Stock Jumps After Earnings Beat and Higher 2026 Outlook
• Positive Sentiment: Raised 2026 outlook: Management increased its full-year revenue-growth target to 15%–16%, from 13%–15%, and maintained its goal of achieving positive EBITDAS in the fourth quarter. PLUG Q2 Earnings Call Centers on Margins and Higher Growth
• Positive Sentiment: Improving margins and cash use: Gross margin improved to nearly breakeven, service revenue rose 82% year over year to roughly $30 million, operating expenses fell about 50%, and quarterly cash usage declined to approximately $61 million. These trends support the profitability narrative. Plug Power Raises FY26 Outlook, Narrows Loss
• Positive Sentiment: Analyst support strengthened: HC Wainwright reaffirmed its Buy rating and $7 price target, while raising its EPS forecasts for 2026 through 2029. Its projections now call for losses to narrow from $0.25 per share in 2026 to $0.10 in 2027, $0.07 in 2028 and a $0.02 profit in 2029. HC Wainwright Reaffirms Buy Rating for Plug Power
• Neutral Sentiment: Trading activity is bullish but volatile: Heavy call-option activity and reports of substantial short interest could amplify gains through short covering, but they also raise the risk of sharp price swings. Stock Traders Buy Large Volume of Plug Power Call Options
• Negative Sentiment: Profitability and valuation risks remain: Plug Power continues to post net losses, has significant cash needs and debt obligations, and relies partly on asset monetization and restricted-cash releases. Some analysis argues the stock remains expensive after its long-term decline, limiting the durability of the rally. Plug Power Stock Looks Above Fair Value Despite Better Sales Trends

Plug Power Company Profile

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.