Plug Power’s (PLUG) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Plug Power (NASDAQ:PLUG) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $7.00 price target on the electronics maker’s stock. HC Wainwright also issued estimates for Plug Power’s Q4 2026 earnings at ($0.03) EPS and FY2026 earnings at ($0.11) EPS.

A number of other research analysts also recently commented on PLUG. Jefferies Financial Group upgraded Plug Power to a “hold” rating in a research note on Thursday, September 3rd. Susquehanna cut their target price on Plug Power from $2.50 to $1.75 and set a “neutral” rating on the stock in a research note on Wednesday, October 14th. Roth Capital reissued a “buy” rating and set a $5.00 price target (up from $3.50) on shares of Plug Power in a report on Wednesday, August 12th. UBS Group reissued a “buy” rating and set a $5.00 price target on shares of Plug Power in a report on Tuesday, August 11th. Finally, Morgan Stanley restated an “underweight” rating and set a $1.20 price target on shares of Plug Power in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Plug Power has an average rating of “Hold” and an average target price of $3.25.

Plug Power Stock Down 8.9%

NASDAQ:PLUG opened at $1.24 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $1.71 and a 200-day moving average of $2.35. The firm has a market capitalization of $1.73 billion, a PE ratio of -1.30 and a beta of 2.13. Plug Power has a 52 week low of $1.22 and a 52 week high of $4.33.

Plug Power (NASDAQ:PLUG) last announced 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 return on equity of 61.36% and a negative net margin of 153.68%. The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $169.11 million. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts predict that Plug Power will post -0.15 EPS for the current year.

Insider Activity

In other news, insider Benjamin Haycraft sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $2.14, for a total transaction of $428,000.00. Following the completion of the transaction, the insider directly owned 101,249 shares in the company, valued at approximately $216,672.86. The trade was a 66.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 241,935 shares of company stock worth $509,397 in the last three months. Insiders own 1.37% of the company’s stock.

Institutional Trading of Plug Power

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Plug Power by 21.0% during the 2nd quarter. BlackRock Inc. now owns 184,032,469 shares of the electronics maker’s stock worth $498,728,000 after acquiring an additional 31,939,194 shares during the period. State Street Corp increased its holdings in shares of Plug Power by 0.5% during the third quarter. State Street Corp now owns 38,972,641 shares of the electronics maker’s stock valued at $75,607,000 after purchasing an additional 209,112 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Plug Power by 97.4% during the first quarter. Renaissance Technologies LLC now owns 27,738,500 shares of the electronics maker’s stock valued at $62,689,000 after purchasing an additional 13,685,900 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Plug Power by 446.9% during the second quarter. Handelsbanken Fonder AB now owns 19,014,270 shares of the electronics maker’s stock valued at $51,529,000 after purchasing an additional 15,537,320 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Plug Power by 241.2% during the first quarter. Dimensional Fund Advisors LP now owns 18,134,913 shares of the electronics maker’s stock valued at $40,971,000 after purchasing an additional 12,820,616 shares in the last quarter. 43.48% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Plug Power

Here are a few of the latest headlines about PLUG:

• Positive Sentiment: Q3 revenue reached $201 million, Plug Power’s highest quarterly total of 2026, while net cash use fell to a reported record low of $28 million. Management is targeting positive EBITDAS in Q4, signs of improving operations if sustained. Article: Plug Power Q3 2026 earnings call highlights
• Positive Sentiment: HC Wainwright raised its FY2026 earnings estimate, forecasting a loss of $0.11 per share instead of $0.25, and maintained a Buy rating with a $7 price target. Its Q4 loss estimate also improved to $0.03 per share from $0.04. Article: Plug Power earns Buy rating from HC Wainwright
• Neutral Sentiment: RBC assigned Plug Power a Sector Perform rating, signaling a more measured view rather than a clear near-term catalyst. Article: Plug Power earns Sector Perform rating from RBC

Plug Power Company Profile

Plug Power Inc. develops hydrogen fuel cell and hydrogen-generation solutions for businesses seeking alternatives to conventional power and fuel sources. Its offerings include fuel cell systems, electrolyzers that produce hydrogen, hydrogen storage and handling equipment, and related infrastructure and services. The company’s products are used in applications such as material-handling equipment, including warehouse forklifts, as well as stationary power and other industrial and mobility uses. Plug also supplies hydrogen and supports customers with installation, maintenance, and fueling solutions.