Plug Power (NASDAQ:PLUG) Stock Gets Price Target Trim from Susquehanna

Plug Power (NASDAQ:PLUG) had its price target reduced by Susquehanna from $2.50 to $1.75 in a report published on Wednesday, Marketbeat Ratings reports. Susquehanna currently has a neutral rating on the electronics maker’s stock.

Other research analysts also recently issued research reports about the stock. Roth Capital reiterated a “buy” rating and issued a $5.00 price objective (up from $3.50) on shares of Plug Power in a research report on Wednesday, August 12th. Oppenheimer restated a “market perform” rating on shares of Plug Power in a research report on Tuesday, August 11th. Jefferies Financial Group upgraded Plug Power to a “hold” rating in a research note on Thursday, September 3rd. Weiss Ratings lowered Plug Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. Finally, UBS Group reaffirmed a “buy” rating and issued a $5.00 price target on shares of Plug Power in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.40.

Plug Power Trading Down 7.1%

Shares of NASDAQ:PLUG opened at $1.38 on Wednesday. Plug Power has a 12-month low of $1.35 and a 12-month high of $4.33. The company has a market capitalization of $1.93 billion, a PE ratio of -1.10 and a beta of 2.28. The business has a 50 day moving average of $2.03 and a two-hundred day moving average of $2.56. The company has a current ratio of 2.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.29.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings data 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 business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $169.11 million. Plug Power had a negative net margin of 220.59% and a negative return on equity of 56.01%. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, analysts forecast that Plug Power will post -0.25 EPS for the current year.

Insider Activity

In other news, insider Benjamin Haycraft sold 200,000 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $2.14, for a total value of $428,000.00. Following the completion of the sale, the insider directly owned 101,249 shares in the company, valued at $216,672.86. This represents a 66.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 232,560 shares of company stock worth $496,178 over the last ninety days. 1.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Plug Power

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new stake in Plug Power in the 2nd quarter valued at about $25,000. DUTCH ASSET Corp acquired a new position in shares of Plug Power during the 4th quarter worth approximately $29,000. Greenleaf Trust purchased a new stake in shares of Plug Power in the second quarter valued at approximately $29,000. PNC Financial Services Group Inc. grew its position in shares of Plug Power by 75.4% in the first quarter. PNC Financial Services Group Inc. now owns 16,733 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 7,191 shares in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Plug Power in the second quarter valued at approximately $43,000. 43.48% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Plug Power

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

• Positive Sentiment: Plug Power said it remains on track to meet its 2026 revenue-growth outlook, with continued margin improvement and record-low net cash usage of approximately $28 million. Management also issued third-quarter revenue guidance of $194.8 million, above the $192.6 million analyst consensus. Plug Power business progress announcement
• Positive Sentiment: After the recent selloff, PLUG appears technically oversold. Zacks also cited broad upward revisions to analysts’ earnings estimates, suggesting that selling pressure may be exhausted and that a near-term rebound is possible. Zacks Plug Power turnaround analysis
• Neutral Sentiment: The company scheduled its third-quarter 2026 earnings call for November 9 and its digital Plug Symposium for November 19. These events could provide additional detail on demand, margins, cash flow and execution.
• Neutral Sentiment: PLUG recently outperformed the broader market in one session, but that gain has not offset the stock’s broader weakness. The company remains highly volatile, with performance likely to depend on upcoming results and progress toward profitability. Plug Power market performance article
• Negative Sentiment: Susquehanna lowered its price target for Plug Power, signaling reduced confidence in the near-term upside despite the company’s operational improvements. Susquehanna Plug Power price target report
• Negative Sentiment: Investor concerns remain significant because Plug Power is still unprofitable, has substantial cash needs and faces difficulty converting heavy operating spending into sustainable growth. Its negative margins and expected full-year loss continue to weigh on the stock. Skepticism toward unprofitable stocks

About Plug Power

Plug Power Inc is a clean-energy technology company that develops and supplies hydrogen and fuel-cell solutions. Its products include fuel-cell systems and engines for material-handling equipment, backup and stationary power, and other commercial and industrial applications. The company also provides electrolyzers for producing hydrogen, along with hydrogen generation, liquefaction, storage, and delivery services.

Plug Power serves customers in material handling, transportation, power generation, and industrial markets.