Plug Power (NASDAQ:PLUG) Price Target Cut to $1.50 by Analysts at Susquehanna

Plug Power (NASDAQ:PLUG) had its price objective cut by Susquehanna from $1.75 to $1.50 in a research report report published on Wednesday morning, MarketBeat Ratings reports. They currently have a neutral rating on the electronics maker’s stock.

Several other analysts have also recently commented on the stock. Oppenheimer restated a “market perform” rating on shares of Plug Power in a research note on Tuesday. Weiss Ratings upgraded shares of Plug Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, October 21st. Jefferies Financial Group raised shares of Plug Power to a “hold” rating in a report on Thursday, September 3rd. HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of Plug Power in a research report on Tuesday. Finally, UBS Group reaffirmed a “buy” rating and issued a $5.00 price objective 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 given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.25.

Plug Power Price Performance

Shares of NASDAQ PLUG opened at $1.35 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.21 and a quick ratio of 1.32. The stock has a fifty day moving average price of $1.73 and a 200 day moving average price of $2.35. Plug Power has a 1-year low of $1.30 and a 1-year high of $4.33. The company has a market cap of $1.90 billion, a PE ratio of -1.43 and a beta of 2.13.

Plug Power (NASDAQ:PLUG) last posted its quarterly earnings data on Monday, August 10th. The electronics maker reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $178.30 million for the quarter, compared to analyst estimates of $169.11 million. Plug Power had a negative net margin of 153.68% and a negative return on equity of 61.36%. Plug Power’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Plug Power will post -0.25 EPS for the current year.

Insider Buying and Selling

In other Plug Power news, insider Benjamin Haycraft sold 200,000 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $2.14, for a total transaction of $428,000.00. Following the sale, the insider directly owned 101,249 shares in the company, valued at approximately $216,672.86. The trade was a 66.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 241,935 shares of company stock valued at $509,397 over the last three months. 1.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Plug Power

A number of institutional investors and hedge funds have recently made changes to their positions in PLUG. Ameritas Advisory Services LLC acquired a new stake in shares of Plug Power in the second quarter valued at about $25,000. Greenleaf Trust purchased a new stake in Plug Power during the second quarter worth about $29,000. Alta Advisers Ltd acquired a new position in Plug Power during the third quarter worth about $31,000. 71 West Capital Partners acquired a new position in Plug Power during the third quarter worth about $31,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Plug Power during the third quarter worth about $33,000. 43.48% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Plug Power

These are some of the PLUG headlines that stood out recently:

• Positive Sentiment: Management reiterated its 15%–16% revenue-growth outlook, forecast about $280 million in Q4 revenue, and is targeting positive EBITDAS in Q4. Improved gross margins and planned hydrogen fuel-cell deployments with data center operators offer potential growth catalysts, though targets remain dependent on execution. Article: Plug reaffirms growth and Q4 outlook Article: Q3 margin gains and data center deals
• Neutral Sentiment: Analyst views are mixed: Susquehanna cut its price target to $1.50 from $1.75 and kept a neutral rating, while RBC and HC Wainwright reaffirmed their ratings and higher targets. These opinions reflect differing expectations, not assured future performance. Susquehanna rating information
• Negative Sentiment: The market reacted negatively to the mixed Q3 report, with coverage noting a roughly 9% post-earnings decline. Although the company reported breakeven basic EPS, investors may be questioning the durability and quality of profitability and whether margin gains can translate into sustained earnings. Article: Plug Power falls after mixed Q3 results Article: Plug Power Q3 2026 earnings analysis

Plug Power Company Profile

Plug Power Inc. develops hydrogen fuel cell and hydrogen-generation solutions for businesses seeking alternatives to conventional power and fuel sources. Its offerings include fuel cell systems, electrolyzers that produce hydrogen, hydrogen storage and handling equipment, and related infrastructure and services. The company’s products are used in applications such as material-handling equipment, including warehouse forklifts, as well as stationary power and other industrial and mobility uses. Plug also supplies hydrogen and supports customers with installation, maintenance, and fueling solutions.