Plug Power Inc. (NASDAQ:PLUG – Get Rating) – Analysts at KeyCorp upped their FY2025 EPS estimates for Plug Power in a research report issued to clients and investors on Thursday, October 20th. KeyCorp analyst S. Karp now anticipates that the electronics maker will post earnings per share of $0.38 for the year, up from their prior forecast of $0.36. KeyCorp has a "Overweight" rating and a $32.00 price objective on the stock. The consensus estimate for Plug Power's current full-year earnings is ($1.03) per share.
Get Plug Power alerts:Plug Power (NASDAQ:PLUG – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The electronics maker reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.09). Plug Power had a negative net margin of 105.26% and a negative return on equity of 13.73%. The business had revenue of $151.30 million for the quarter, compared to the consensus estimate of $162.31 million. During the same quarter in the previous year, the business earned ($0.18) earnings per share. The firm's revenue was up 21.5% on a year-over-year basis.
A number of other research firms have also weighed in on PLUG. Wells Fargo & Company dropped their price objective on Plug Power from $29.00 to $21.00 and set an "equal weight" rating for the company in a research note on Friday. Jefferies Financial Group assumed coverage on Plug Power in a research note on Tuesday, October 18th. They set a "buy" rating and a $28.00 price objective for the company. Cowen dropped their price objective on Plug Power to $35.00 in a research note on Monday, August 15th. Royal Bank of Canada dropped their price objective on Plug Power from $29.00 to $24.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Piper Sandler increased their price objective on Plug Power from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Tuesday, July 19th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.54.Plug Power Stock Down 0.2 %
Shares of NASDAQ PLUG opened at $16.29 on Monday. Plug Power has a one year low of $12.70 and a one year high of $46.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 9.10 and a quick ratio of 8.10. The firm's 50 day simple moving average is $24.58 and its two-hundred day simple moving average is $21.36. The stock has a market capitalization of $9.43 billion, a P/E ratio of -14.94 and a beta of 1.75.
Institutional Investors Weigh In On Plug Power
Several large investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Plug Power by 5.1% in the 1st quarter. BlackRock Inc. now owns 50,496,523 shares of the electronics maker's stock worth $1,444,708,000 after buying an additional 2,463,961 shares in the last quarter. State Street Corp increased its holdings in Plug Power by 2.6% in the 1st quarter. State Street Corp now owns 13,677,472 shares of the electronics maker's stock worth $391,312,000 after buying an additional 348,875 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Plug Power by 24.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 13,421,127 shares of the electronics maker's stock worth $222,388,000 after purchasing an additional 2,607,500 shares during the last quarter. Legal & General Group Plc boosted its position in Plug Power by 15.2% in the second quarter. Legal & General Group Plc now owns 4,162,711 shares of the electronics maker's stock worth $68,977,000 after purchasing an additional 548,973 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Plug Power by 14.3% in the first quarter. First Trust Advisors LP now owns 3,968,391 shares of the electronics maker's stock worth $113,536,000 after purchasing an additional 495,702 shares during the last quarter. 51.09% of the stock is currently owned by institutional investors.
About Plug Power
(Get Rating)
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 green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications.
Featured Stories
- Get a free copy of the StockNews.com research report on Plug Power (PLUG)
- Time to Hit Up Hasbro Stock for the Holiday Season
- Should Proctor and Gamble be a Staple in Your Portfolio?
- 3 Fundamentally Sound Mid-Caps to Keep on the Watch List
- Leveraged ETFs, A Bad Investment But Great for Trading
- Should Investors Raise a Glass to Boston Beer Company?
Receive News & Ratings for Plug Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plug Power and related companies with MarketBeat.com's FREE daily email newsletter.