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 published 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.

PLUG has been the topic of several other reports. Canaccord Genuity Group cut their price objective on shares of Plug Power from $2.50 to $2.25 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Piper Sandler decreased their target price on Plug Power from $1.60 to $1.40 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Susquehanna boosted their price target on shares of Plug Power from $2.00 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. StockNews.com upgraded shares of Plug Power to a “sell” rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company dropped 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 report on Thursday, November 14th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Plug Power presently has a consensus rating of “Hold” and an average target price of $4.46.

Plug Power Stock Performance

Shares of NASDAQ PLUG opened at $1.95 on Monday. The company has a quick ratio of 0.95, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $2.36 and its two-hundred day moving average price is $2.23. Plug Power has a 52-week low of $1.60 and a 52-week high of $5.14. The stock has a market capitalization of $1.78 billion, a P/E ratio of -0.91 and a beta of 1.79.

Plug Power (NASDAQ:PLUG) last issued 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 return on equity of 46.99% and a negative net margin of 214.05%. The company had revenue of $173.70 million for the quarter, compared to the consensus estimate of $207.25 million. During the same quarter in the previous year, the company earned ($0.47) earnings per share. Plug Power’s quarterly revenue was down 12.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Plug Power will post -1.2 earnings per share for the current year.

Hedge Funds Weigh In On Plug Power

Several hedge funds have recently bought and sold shares of the business. Pacific Sage Partners LLC acquired a new stake in Plug Power in the 4th quarter worth approximately $25,000. Profund Advisors LLC acquired a new position in Plug Power during the second quarter valued at approximately $29,000. Prio Wealth Limited Partnership bought a new position in shares of Plug Power in the third quarter valued at approximately $29,000. Catalyst Capital Advisors LLC lifted its stake in shares of Plug Power by 79.9% in the third quarter. Catalyst Capital Advisors LLC now owns 12,681 shares of the electronics maker’s stock worth $29,000 after buying an additional 5,631 shares during the last quarter. Finally, First Commonwealth Financial Corp PA bought a new stake in shares of Plug Power during the 3rd quarter worth $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.