Plug Power, Inc. (NASDAQ:PLUG) Receives Average Rating of “Hold” from Brokerages

Shares of Plug Power, Inc. (NASDAQ:PLUG) have been assigned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.5875.

PLUG has been the subject of a number of recent research reports. Canaccord Genuity Group lifted their price objective on Plug Power from $2.50 to $4.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Wells Fargo & Company raised their target price on shares of Plug Power from $2.00 to $2.50 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Craig Hallum reaffirmed a “buy” rating on shares of Plug Power in a research note on Tuesday, August 11th. Susquehanna cut their price target on Plug Power from $3.75 to $2.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, TD Cowen increased their price target on Plug Power from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th.

Hedge Funds Weigh In On Plug Power

Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its holdings in shares of Plug Power by 11.8% during the 1st quarter. Kestra Advisory Services LLC now owns 43,007 shares of the electronics maker’s stock worth $97,000 after purchasing an additional 4,525 shares during the period. Earned Wealth Advisors LLC raised its holdings in Plug Power by 12.6% in the first quarter. Earned Wealth Advisors LLC now owns 44,061 shares of the electronics maker’s stock valued at $100,000 after buying an additional 4,923 shares during the period. Abel Hall LLC lifted its position in Plug Power by 9.2% during the first quarter. Abel Hall LLC now owns 62,213 shares of the electronics maker’s stock valued at $141,000 after buying an additional 5,223 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Plug Power by 8.2% during the first quarter. Wealthfront Advisers LLC now owns 69,709 shares of the electronics maker’s stock worth $158,000 after buying an additional 5,283 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Plug Power by 53.6% during the fourth quarter. International Assets Investment Management LLC now owns 15,773 shares of the electronics maker’s stock worth $31,000 after buying an additional 5,503 shares during the period. 43.48% of the stock is currently owned by hedge funds and other institutional investors.

Plug Power News Roundup

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

• Positive Sentiment: Better revenue and margin performance: Plug Power reported second-quarter 2026 revenue of $178.3 million, up 2.5% year over year and ahead of the roughly $169 million consensus estimate. Its non-GAAP loss of $0.07 per share was in line with expectations, while gross margins improved toward breakeven. PLUG Q2 Deep Dive: Margin Gains and Cost Discipline, Guidance Raised
• Positive Sentiment: Higher outlook and better cash discipline: Management raised its full-year outlook and reduced cash usage, supporting the view that cost controls and operational improvements may be beginning to stabilize the business. An expanding global electrolyzer pipeline also provides a potential longer-term growth catalyst. Plug Power Charges Ahead: Margin Expansion Sparks a Rally
• Positive Sentiment: More favorable analyst forecasts: HC Wainwright reaffirmed its Buy rating and $7 price target while raising its Plug Power EPS estimates for 2026 through 2029. Its forecast moves from a $0.25 loss in 2026 to a $0.02 profit in 2029, reinforcing expectations for eventual profitability. HC Wainwright Reaffirms Buy Rating for Plug Power
• Neutral Sentiment: Trading activity may amplify volatility: Heavy short interest and unusually large call-option buying could accelerate a rally if bullish momentum continues, but these positioning factors can also lead to sharp reversals. Stock Traders Buy Large Volume of Plug Power Call Options
• Negative Sentiment: Valuation and profitability risks remain: Despite better sales trends, Plug Power remains deeply unprofitable, and its long-term shareholder returns have been weak. Analysts also caution that the stock may already reflect much of the improvement, making sustained execution and further margin gains important for the rally to continue. Plug Power Stock Looks Above Fair Value Despite Better Sales Trends

Plug Power Stock Performance

Shares of PLUG stock opened at $2.32 on Monday. The company has a quick ratio of 1.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $2.42 and a 200-day simple moving average of $2.60. Plug Power has a fifty-two week low of $1.41 and a fifty-two week high of $4.58. The stock has a market cap of $3.24 billion, a P/E ratio of -1.84 and a beta of 2.20.

Plug Power (NASDAQ:PLUG) last announced its earnings results on Monday, August 10th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. Plug Power had a negative net margin of 220.59% and a negative return on equity of 56.01%. The company had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $169.11 million. The company’s revenue was up 2.5% on a year-over-year basis. On average, analysts forecast that Plug Power will post -0.26 earnings per share for the current fiscal year.

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.