Plug Power (NASDAQ:PLUG) Downgraded by Seaport Res Ptn to “Strong Sell”

Seaport Res Ptn cut shares of Plug Power (NASDAQ:PLUG) from a hold rating to a strong sell rating in a report issued on Monday morning,Zacks.com reports. Seaport Res Ptn also issued estimates for Plug Power’s Q1 2026 earnings at ($0.14) EPS, Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at ($0.12) EPS, Q4 2026 earnings at ($0.10) EPS and FY2027 earnings at ($0.35) EPS.

Several other brokerages have also recently commented on PLUG. Canaccord Genuity Group reduced their target price on Plug Power from $2.50 to $2.25 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Susquehanna raised their price objective on shares of Plug Power from $2.00 to $2.50 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Company lowered their target price on shares of Plug Power from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 14th. Jefferies Financial Group cut their price target on shares of Plug Power from $2.20 to $2.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Finally, StockNews.com raised Plug Power to a “sell” rating in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.46.

Plug Power Trading Down 6.3 %

Shares of PLUG stock opened at $1.95 on Monday. The firm has a market capitalization of $1.78 billion, a P/E ratio of -0.91 and a beta of 1.79. Plug Power has a 1 year low of $1.60 and a 1 year high of $5.14. The firm’s fifty day simple moving average is $2.36 and its 200 day simple moving average is $2.23. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings data on Tuesday, November 12th. The electronics maker reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). Plug Power had a negative net margin of 214.05% and a negative return on equity of 46.99%. The company had revenue of $173.70 million for the quarter, compared to analyst estimates of $207.25 million. During the same period in the prior year, the company posted ($0.47) EPS. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. As a group, sell-side analysts predict that Plug Power will post -1.2 EPS for the current year.

Institutional Investors Weigh In On Plug Power

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pacific Sage Partners LLC acquired a new position in shares of Plug Power during the fourth quarter valued at $25,000. Profund Advisors LLC bought a new stake in Plug Power during the 2nd quarter worth about $29,000. Prio Wealth Limited Partnership acquired a new position in Plug Power during the 3rd quarter valued at about $29,000. Catalyst Capital Advisors LLC boosted its stake in shares of Plug Power by 79.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 5,631 shares during the last quarter. Finally, First Commonwealth Financial Corp PA acquired a new stake in shares of Plug Power during the 3rd quarter worth approximately $29,000. 43.48% of the stock is owned by institutional investors and hedge funds.

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.