Plug Power (NASDAQ:PLUG) Given New $3.75 Price Target at Susquehanna

Plug Power (NASDAQ:PLUG) had its price objective lifted by investment analysts at Susquehanna from $2.75 to $3.75 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the electronics maker’s stock. Susquehanna’s price objective indicates a potential upside of 5.34% from the company’s current price.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group boosted their price target on Plug Power from $2.50 to $4.00 and gave the company a “hold” rating in a report on Tuesday. B. Riley Financial boosted their price target on Plug Power from $3.00 to $5.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company boosted their price target on Plug Power from $1.50 to $2.00 and gave the company an “equal weight” rating in a report on Wednesday, March 4th. Oppenheimer restated a “market perform” rating on shares of Plug Power in a report on Tuesday, March 3rd. Finally, HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of Plug Power in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.13.

Plug Power Stock Up 1.1%

Shares of NASDAQ:PLUG opened at $3.56 on Wednesday. Plug Power has a 1 year low of $0.69 and a 1 year high of $4.58. The company has a market cap of $4.97 billion, a PE ratio of -2.70 and a beta of 2.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 1.46. The stock’s 50-day moving average is $2.64 and its 200 day moving average is $2.37.

Plug Power (NASDAQ:PLUG) last announced its quarterly earnings results on Monday, May 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Plug Power had a negative return on equity of 43.68% and a negative net margin of 227.13%.The company had revenue of $163.51 million for the quarter, compared to the consensus estimate of $139.87 million. During the same quarter in the previous year, the business earned ($0.21) EPS. Plug Power’s revenue was up 22.3% compared to the same quarter last year. Sell-side analysts anticipate that Plug Power will post -0.3 EPS for the current year.

Institutional Trading of Plug Power

Several large investors have recently bought and sold shares of PLUG. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Plug Power by 12.9% during the 1st 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 acquiring an additional 297,754 shares in the last quarter. Focus Partners Wealth bought a new stake in Plug Power during the 1st quarter valued at approximately $37,000. JPMorgan Chase & Co. boosted its position 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 in the last quarter. Prudential Financial Inc. boosted its position in Plug Power by 87.2% during the 2nd quarter. Prudential Financial Inc. now owns 111,945 shares of the electronics maker’s stock valued at $167,000 after acquiring an additional 52,135 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Plug Power by 24.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 73,084 shares of the electronics maker’s stock valued at $109,000 after acquiring an additional 14,471 shares in the last quarter. 43.48% of the stock is owned by institutional investors.

More Plug Power News

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

• Positive Sentiment: Canaccord Genuity raised Plug Power’s price target to $4.00 from $2.50, signaling improved confidence in the company’s turnaround prospects while keeping a Hold rating. Plug Power (NASDAQ:PLUG) Price Target Raised to $4.00 at Canaccord Genuity Group
• Positive Sentiment: Plug Power reported first-quarter revenue of $163.5 million, above expectations, with EPS also beating estimates as margins improved meaningfully year over year. Plug Power reports first quarter earnings beat on narrower losses, margins progress
• Positive Sentiment: Investors are encouraged by management’s outlook for 13% to 15% sales growth in 2026 and the goal of positive EBITDA in the fourth quarter, reinforcing the turnaround narrative. Plug Power targets 13%-15% 2026 sales growth while aiming for positive EBITDAS in Q4
• Neutral Sentiment: Canaccord’s higher target is still paired with only a Hold rating, suggesting Wall Street sees progress but remains cautious on execution. Plug Power (NASDAQ:PLUG) Price Target Raised to $4.00 at Canaccord Genuity Group
• Neutral Sentiment: Plug Power disclosed a new international operations risk tied to geopolitical tensions that could disrupt shipping routes and affect financial performance. Geopolitical Tensions Threaten Plug Power’s Global Shipping Routes and Financial Performance
• Negative Sentiment: The company still posted a GAAP loss, and profitability remains distant despite the better quarter, so investors may stay sensitive to execution and cash-flow risks. Plug Power (PLUG) Stock Rises as Q1 Sales and Margins Improve, but Profitability Still Looks Far Off

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.