Plug Power (NASDAQ:PLUG) Cut to “Strong Sell” at Seaport Res Ptn

Plug Power (NASDAQ:PLUG) was downgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong sell” rating in a research note issued on Monday,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 subject of a number of other reports. Jefferies Financial Group lowered their target price on Plug Power from $2.20 to $2.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Craig Hallum decreased their target price on shares of Plug Power from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Piper Sandler reduced their price objective on Plug Power from $1.60 to $1.40 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Canaccord Genuity Group dropped their target price on Plug Power from $2.50 to $2.25 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, BTIG Research lowered Plug Power from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.46.

Plug Power Stock Performance

NASDAQ:PLUG opened at $1.95 on Monday. Plug Power has a 12-month low of $1.60 and a 12-month high of $5.14. The company has a current ratio of 2.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.78 billion, a P/E ratio of -0.91 and a beta of 1.79. The stock has a 50-day moving average price of $2.36 and a 200 day moving average price of $2.23.

Plug Power (NASDAQ:PLUG) last issued its earnings results on Tuesday, November 12th. The electronics maker reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). The company had revenue of $173.70 million for the quarter, compared to the consensus estimate of $207.25 million. Plug Power had a negative return on equity of 46.99% and a negative net margin of 214.05%. Plug Power’s revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.47) EPS. Equities research analysts forecast that Plug Power will post -1.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Plug Power

Several hedge funds have recently modified their holdings of PLUG. Dimensional Fund Advisors LP lifted its holdings in Plug Power by 20.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,109,530 shares of the electronics maker’s stock worth $2,588,000 after buying an additional 187,205 shares during the period. Profund Advisors LLC purchased a new stake in shares of Plug Power during the 2nd quarter worth $29,000. Xponance Inc. boosted its position in Plug Power by 118.4% during the second quarter. Xponance Inc. now owns 40,035 shares of the electronics maker’s stock valued at $93,000 after purchasing an additional 21,707 shares in the last quarter. Marshall Wace LLP grew its stake in Plug Power by 80.0% in the second quarter. Marshall Wace LLP now owns 24,492 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 10,882 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Plug Power by 144.4% in the second quarter. The Manufacturers Life Insurance Company now owns 382,186 shares of the electronics maker’s stock worth $890,000 after purchasing an additional 225,834 shares in the last quarter. Hedge funds and other institutional investors own 43.48% of the company’s stock.

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.