Plug Power (NASDAQ:PLUG) Stock Rating Raised to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Plug Power (NASDAQ:PLUG) from a strong sell rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Craig Hallum restated a “buy” rating on shares of Plug Power in a research note on Tuesday, August 11th. Susquehanna lowered their price target on Plug Power from $2.50 to $1.75 and set a “neutral” rating for the company in a research report on Wednesday. Weiss Ratings downgraded Plug Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. Jefferies Financial Group raised Plug Power to a “hold” rating in a report on Thursday, September 3rd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Plug Power in a report on Tuesday, August 11th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Plug Power presently has an average rating of “Hold” and a consensus target price of $3.40.

Plug Power Trading Down 7.1%

NASDAQ PLUG opened at $1.38 on Friday. Plug Power has a 12-month low of $1.35 and a 12-month high of $4.33. The company has a fifty day simple moving average of $2.03 and a two-hundred day simple 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. The stock has a market cap of $1.93 billion, a P/E ratio of -1.10 and a beta of 2.28.

Plug Power (NASDAQ:PLUG) last announced 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 220.59% and a negative return on equity of 56.01%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast that Plug Power will post -0.25 earnings per share for the current year.

Insider Activity at Plug Power

In other Plug Power news, insider Benjamin Haycraft sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $2.14, for a total value of $428,000.00. Following the sale, the insider owned 101,249 shares in the company, valued at approximately $216,672.86. This represents a 66.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 232,560 shares of company stock valued at $496,178 in the last quarter. 1.37% of the stock is owned by corporate insiders.

Institutional Trading of Plug Power

Institutional investors have recently bought and sold shares of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Plug Power in the 3rd quarter valued at about $49,000. Envestnet Asset Management Inc. increased its stake in Plug Power by 45.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 27,568 shares of the electronics maker’s stock worth $75,000 after buying an additional 8,642 shares in the last quarter. State Street Corp increased its stake in Plug Power by 6.1% during the 2nd quarter. State Street Corp now owns 38,763,529 shares of the electronics maker’s stock worth $105,049,000 after buying an additional 2,214,427 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Plug Power by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 702,003 shares of the electronics maker’s stock worth $1,902,000 after buying an additional 63,074 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Plug Power by 79.9% during the second quarter. Tidal Investments LLC now owns 187,591 shares of the electronics maker’s stock valued at $508,000 after acquiring an additional 83,314 shares during the last quarter. 43.48% of the stock is owned by institutional investors and hedge funds.

Plug Power News Summary

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

Plug Power Company Profile

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.