Plug Power (NASDAQ:PLUG) Cut to Sell at Wall Street Zen

Plug Power (NASDAQ:PLUG) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Several other equities research analysts also recently commented on PLUG. Wells Fargo & Company increased their price objective on Plug Power from $2.00 to $2.50 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. BMO Capital Markets boosted their target price on shares of Plug Power from $1.00 to $1.20 and gave the stock an “underperform” rating in a report on Tuesday, May 12th. Canaccord Genuity Group increased their price target on shares of Plug Power from $2.50 to $4.00 and gave the company a “hold” rating in a research note on Tuesday, May 12th. Susquehanna decreased their price objective on shares of Plug Power from $3.75 to $2.50 and set a “neutral” rating for the company in a research report on Friday. Finally, TD Cowen lifted their price objective on shares of Plug Power from $2.00 to $3.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Plug Power has a consensus rating of “Hold” and an average price target of $3.30.

Plug Power Stock Down 6.3%

PLUG traded down $0.15 on Friday, hitting $2.23. 53,554,961 shares of the company were exchanged, compared to its average volume of 48,274,216. The stock’s fifty day moving average is $3.15 and its 200-day moving average is $2.61. Plug Power has a 12 month low of $1.39 and a 12 month high of $4.58. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.40 and a current ratio of 2.36. The company has a market cap of $3.11 billion, a PE ratio of -1.69 and a beta of 2.16.

Plug Power (NASDAQ:PLUG) last posted its quarterly earnings results on Monday, May 11th. The electronics maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $163.51 million during the quarter, compared to the consensus estimate of $139.87 million. Plug Power had a negative return on equity of 49.30% and a negative net margin of 227.13%.The business’s revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company earned ($0.21) earnings per share. Equities research analysts predict that Plug Power will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Plug Power

Hedge funds have recently bought and sold shares of the stock. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of Plug Power by 116.7% during the fourth 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 during the period. Kestra Private Wealth Services LLC bought a new position in shares of Plug Power during the third quarter worth approximately $32,000. Procyon Advisors LLC acquired a new stake in Plug Power during the 4th quarter worth approximately $29,000. DUTCH ASSET Corp bought a new stake in Plug Power in the 4th quarter valued at $29,000. Finally, Independent Advisor Alliance bought a new stake in Plug Power in the 4th quarter valued at $30,000. 43.48% of the stock is currently owned by institutional investors and hedge funds.

More Plug Power News

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

• Positive Sentiment: Plug Power continues to secure project wins, including the Hunter Valley Hydrogen Hub in Australia moving forward with Plug’s GenEco PEM electrolyzers, which supports its long-term growth narrative. Is Plug Power (PLUG) A Bargain Following Its Australia Hydrogen Hub Win?
• Positive Sentiment: Analysts continue to point to the broader green hydrogen market as a major growth opportunity, which keeps investor interest in Plug Power’s end market elevated. Global Green Hydrogen Market Size/Share Worth USD 188.9 Billion by 2035…
• Neutral Sentiment: Recent commentary has highlighted Plug Power as a low-priced speculative stock, with some billionaires’ stock lists and bargain discussions keeping the name in the spotlight. Here’s Why Plug Power (PLUG) Ranks Among the Best Penny Stocks According to Billionaires
• Neutral Sentiment: Short-interest data showed no reported short interest as of July 10, which does not add a clear new bearish or bullish signal.
• Negative Sentiment: Susquehanna cut its price target on Plug Power to $2.50 from $3.75 and kept a neutral rating, a move that weighed on the shares. Read More
• Negative Sentiment: Fuel-cell stocks, including Plug Power, are selling off as investors unwind some of the sector’s big 2026 gains, adding broad-based pressure to PLUG. FuelCell Energy Drops 11%, Bloom Energy Slides 8%, Plug Power Falls 6% as Fuel-Cell Stocks Unwind Massive 2026 Gains

Plug Power Company Profile

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.