Plug Power FY2026 EPS Forecast Increased by HC Wainwright

Plug Power, Inc. (NASDAQ:PLUG) – HC Wainwright lifted their FY2026 EPS estimates for Plug Power in a research report issued on Tuesday, March 3rd. HC Wainwright analyst A. Dayal now anticipates that the electronics maker will earn ($0.34) per share for the year, up from their previous forecast of ($0.38). HC Wainwright currently has a “Buy” rating and a $7.00 target price 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.

A number of other analysts have also recently commented on the company. TD Cowen cut Plug Power from a “buy” rating to a “hold” rating in a research report on Friday, January 9th. Wall Street Zen cut shares of Plug Power from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Canaccord Genuity Group set a $7.00 price target on shares of Plug Power in a report on Monday, November 24th. BTIG Research reiterated a “neutral” rating on shares of Plug Power in a research note on Tuesday. Finally, Susquehanna lowered their target price on Plug Power from $3.50 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Plug Power presently has an average rating of “Hold” and an average price target of $2.87.

Plug Power Price Performance

Shares of PLUG opened at $2.48 on Thursday. The firm has a market capitalization of $3.45 billion, a PE ratio of -1.84 and a beta of 1.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 0.70. Plug Power has a 1-year low of $0.69 and a 1-year high of $4.58. The company’s fifty day moving average price is $2.12 and its 200-day moving average price is $2.27.

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

Insider Buying and Selling at Plug Power

In other news, insider Benjamin Haycraft sold 40,000 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $2.17, for a total transaction of $86,800.00. Following the completion of the sale, the insider owned 333,809 shares of the company’s stock, valued at $724,365.53. The trade was a 10.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jose Luis Crespo purchased 37,300 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average cost of $2.34 per share, for a total transaction of $87,282.00. Following the completion of the purchase, the insider directly owned 307,332 shares in the company, valued at $719,156.88. This represents a 13.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Plug Power

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Plug Power by 18.2% in the 4th quarter. Vanguard Group Inc. now owns 129,599,295 shares of the electronics maker’s stock valued at $255,311,000 after purchasing an additional 19,967,339 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Plug Power in the 4th quarter worth approximately $27,684,000. Two Sigma Investments LP boosted its holdings in shares of Plug Power by 292.1% during the 3rd quarter. Two Sigma Investments LP now owns 10,830,893 shares of the electronics maker’s stock worth $25,236,000 after purchasing an additional 8,068,713 shares during the last quarter. Graham Capital Management L.P. grew its position in shares of Plug Power by 110.7% in the fourth quarter. Graham Capital Management L.P. now owns 737,112 shares of the electronics maker’s stock valued at $1,452,000 after purchasing an additional 7,640,212 shares in the last quarter. Finally, State Street Corp grew its position in shares of Plug Power by 29.9% in the fourth quarter. State Street Corp now owns 32,258,283 shares of the electronics maker’s stock valued at $63,549,000 after purchasing an additional 7,416,943 shares in the last quarter. 43.48% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting 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

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.