FY2026 EPS Estimates for Plug Power Boosted by HC Wainwright

Plug Power, Inc. (NASDAQ:PLUG) – Investment analysts at HC Wainwright increased their FY2026 earnings per share estimates for Plug Power in a research report issued to clients and investors on Tuesday, March 3rd. HC Wainwright analyst A. Dayal now forecasts that the electronics maker will earn ($0.34) per share for the year, up from their prior forecast of ($0.38). HC Wainwright has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for Plug Power’s current full-year earnings is ($1.21) per share. HC Wainwright also issued estimates for Plug Power’s Q4 2026 earnings at ($0.05) EPS, FY2027 earnings at ($0.19) EPS, FY2028 earnings at ($0.15) EPS and FY2029 earnings at ($0.05) EPS.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Monday, March 2nd. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. Plug Power had a negative return on equity of 45.97% and a negative net margin of 229.83%.The company had revenue of $225.22 million during the quarter, compared to the consensus estimate of $217.38 million. During the same period last year, the company earned ($1.48) earnings per share.

PLUG has been the subject of several other research reports. Canaccord Genuity Group set a $7.00 target price on Plug Power in a research report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Plug Power in a report on Thursday, January 22nd. TD Cowen downgraded Plug Power from a “buy” rating to a “hold” rating in a research report on Friday, January 9th. Susquehanna decreased their target price on Plug Power from $3.50 to $2.50 and set a “neutral” rating for the company in a research report on Monday, November 17th. Finally, Wells Fargo & Company upped their price target on shares of Plug Power from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.87.

Plug Power Price Performance

PLUG stock opened at $2.48 on Thursday. The stock has a market cap of $3.45 billion, a PE ratio of -1.84 and a beta of 1.92. Plug Power has a 12 month low of $0.69 and a 12 month high of $4.58. The company has a 50-day moving average price of $2.12 and a 200 day moving average price of $2.27. The company has a current ratio of 2.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.64.

Institutional Investors Weigh In On Plug Power

Institutional investors have recently added to or reduced their stakes in the stock. Kovack Advisors Inc. purchased a new stake in shares of Plug Power during the third quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Plug Power by 116.7% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 13,000 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 7,000 shares in the last quarter. Sender Co & Partners Inc. purchased a new stake in Plug Power during the second quarter valued at approximately $26,000. Yousif Capital Management LLC acquired a new stake in Plug Power in the third quarter valued at approximately $27,000. Finally, Prakash Investment Advisors LLC purchased a new position in Plug Power in the third quarter worth $27,000. Institutional investors own 43.48% of the company’s stock.

Insider Activity

In related news, insider Jose Luis Crespo bought 37,300 shares of the stock in a transaction on Monday, December 15th. The stock was bought at an average price of $2.34 per share, for a total transaction of $87,282.00. Following the completion of the acquisition, the insider directly owned 307,332 shares in the company, valued at approximately $719,156.88. This represents a 13.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Benjamin Haycraft sold 40,000 shares of Plug Power stock in a transaction on Monday, January 12th. The shares were sold at an average price of $2.17, for a total value of $86,800.00. Following the completion of the transaction, the insider owned 333,809 shares in the company, valued at $724,365.53. This represents a 10.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.56% of the company’s stock.

Trending Headlines about Plug Power

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

• Positive Sentiment: Q4 results surprised to the upside: revenue of $710M (up ~13% YoY) and the company’s first positive quarterly gross margin, which underpins the bullish narrative that Plug is moving toward profitability. Plug Power (PLUG) Achieves $710M 2025 Revenue and First Positive Quarterly Gross Margin
• Positive Sentiment: Leadership change and operational focus: new CEO messaging and reported operational improvements (renewed focus on electrolyzers and material‑handling) reinforce the turnaround story that helped lift the shares. Plug Power Turns Corner With Positive Margins And New CEO Focus
• Positive Sentiment: Analyst backing: HC Wainwright reiterated a Buy rating, raised multi‑year EPS assumptions and maintains a $7 price target, supporting upside expectations from sell‑side research. Plug Power (NASDAQ:PLUG) Earns “Buy” Rating from HC Wainwright
• Neutral Sentiment: Elevated options and trading activity: unusually large call volume shows speculative and hedged positioning — increases volatility but is not a fundamental confirmation of trend (watch for follow‑through).
• Negative Sentiment: Multiple securities class‑action notices and filings — a flurry of law‑firm outreach and newly filed suits allege investor harm for purchases between Jan 17, 2025 and Nov 13, 2025; this raises potential legal costs, management distraction and overhang on the stock. PLUG CLASS ACTION NOTICE: Faruqi & Faruqi, LLP Reminds Plug Power Investors of Securities Class Action Deadline on April 3, 2026
• Negative Sentiment: Allegations and funding concerns highlighted in litigation‑related coverage (some notices reference past stock drops tied to DOE funding issues), amplifying downside risk and potential future volatility. $PLUG Stock Drop: Lose Money when Plug Power Inc. Fell 17% Amid DOE Funding Issues? Contact BFA Law before April 3 Class Action Deadline
• Negative Sentiment: Executive dispute: a former exec has publicly responded in an exit dispute, adding governance and reputational noise that could complicate the management transition. Former Plug Power exec Shrestha fires back in exit dispute

About Plug Power

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.