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

HC Wainwright reaffirmed their buy rating on shares of Plug Power (NASDAQ:PLUG) in a research note released on Tuesday,Benzinga reports. HC Wainwright currently has a $7.00 price objective on the electronics maker’s stock. HC Wainwright also issued estimates for Plug Power’s FY2026 earnings at ($0.25) EPS, FY2027 earnings at ($0.10) EPS, FY2028 earnings at ($0.07) EPS and FY2029 earnings at $0.02 EPS.

PLUG has been the subject of a number of other research reports. Canaccord Genuity Group raised their price objective on shares of Plug Power from $2.50 to $4.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Morgan Stanley increased their target price on shares of Plug Power from $1.50 to $1.65 and gave the company an “underweight” rating in a research report on Thursday, July 9th. Wall Street Zen lowered shares of Plug Power from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Weiss Ratings cut shares of Plug Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. Finally, BMO Capital Markets upped their price objective on Plug Power from $1.00 to $1.20 and gave the company an “underperform” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Plug Power has a consensus rating of “Hold” and a consensus price target of $3.59.

Plug Power Stock Up 0.4%

Shares of NASDAQ:PLUG opened at $2.30 on Tuesday. Plug Power has a 1 year low of $1.41 and a 1 year high of $4.58. The company has a market capitalization of $3.21 billion, a PE ratio of -1.83 and a beta of 2.20. The business has a fifty day moving average price of $2.43 and a two-hundred day moving average price of $2.60. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.36 and a quick ratio of 1.40.

Plug Power (NASDAQ:PLUG) last released its earnings results on Monday, August 10th. The electronics maker reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The company had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $169.11 million. Plug Power had a negative return on equity of 49.54% and a negative net margin of 220.59%.The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts forecast that Plug Power will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On Plug Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Plug Power by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,607,153 shares of the electronics maker’s stock valued at $3,520,000 after purchasing an additional 297,754 shares during the period. Focus Partners Wealth bought a new position in Plug Power in the 1st quarter worth approximately $37,000. JPMorgan Chase & Co. raised its holdings in Plug Power by 6.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,504,744 shares of the electronics maker’s stock valued at $2,242,000 after acquiring an additional 95,876 shares during the period. Prudential Financial Inc. lifted its position in shares of Plug Power by 87.2% during the second quarter. Prudential Financial Inc. now owns 111,945 shares of the electronics maker’s stock worth $167,000 after acquiring an additional 52,135 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Plug Power by 24.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 73,084 shares of the electronics maker’s stock worth $109,000 after acquiring an additional 14,471 shares during the period. Institutional investors own 43.48% of the company’s stock.

Plug Power News Roundup

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

• Positive Sentiment: Revenue beat and narrower losses: Plug Power reported second-quarter 2026 revenue of $178.3 million, up 2.5% year over year and above analyst expectations. Its non-GAAP loss of $0.07 per share was in line with consensus, while the company’s reported loss of $0.07 exceeded the broader $0.08 estimate. PLUG Q2 Deep Dive: Margin Gains and Cost Discipline, Guidance Raised
• Positive Sentiment: Turnaround indicators improved: Gross margins moved closer to breakeven, cash usage declined and management raised its full-year 2026 guidance. Investors are also watching Plug Power’s expanding global electrolyzer pipeline as a potential source of longer-term growth. Plug Power Charges Ahead: Margin Expansion Sparks a Rally
• Positive Sentiment: Analyst remains bullish: HC Wainwright reaffirmed its Buy rating and $7 price target. It raised its EPS forecasts for 2026 through 2029, including reducing projected losses for 2026-2028 and forecasting a $0.02 profit in 2029. HC Wainwright Reaffirms Buy Rating for Plug Power
• Neutral Sentiment: Trading dynamics are amplifying the move: Plug Power remains heavily shorted, and unusually large call-option activity could contribute to additional upside or heightened volatility if traders continue positioning for a rebound.
• Negative Sentiment: Profitability and valuation concerns persist: Plug Power remains loss-making, with analysts expecting a full-year loss of approximately $0.25 per share. Some valuation analysis suggests the stock is already above fair value despite better sales trends, while its roughly 91% five-year decline highlights the company’s long-term execution risk. Plug Power Stock Looks Above Fair Value Despite Better Sales Trends

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.