Plug Power (NASDAQ:PLUG) Price Target Cut to $2.50 by Analysts at Susquehanna

Plug Power (NASDAQ:PLUG) had its price target lowered by Susquehanna from $3.75 to $2.50 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the electronics maker’s stock.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets increased their price target on Plug Power from $1.00 to $1.20 and gave the company an “underperform” rating in a research note on Tuesday, May 12th. TD Cowen upped 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. Wells Fargo & Company upped their target price on shares of Plug Power from $2.00 to $2.50 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. B. Riley Financial raised their price target on shares of Plug Power from $3.00 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised Plug Power from a “sell” rating to a “hold” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Plug Power currently has an average rating of “Hold” and a consensus price target of $3.30.

Plug Power Stock Performance

Shares of NASDAQ:PLUG opened at $2.23 on Friday. The company’s 50 day moving average price is $3.15 and its two-hundred day moving average price is $2.61. Plug Power has a 12-month low of $1.39 and a 12-month high of $4.58. The company has a quick ratio of 1.40, a current ratio of 2.36 and a debt-to-equity ratio of 0.89. The firm has a market cap of $3.11 billion, a PE ratio of -1.69 and a beta of 2.16.

Plug Power (NASDAQ:PLUG) last issued its quarterly earnings results on Monday, May 11th. The electronics maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. Plug Power had a negative net margin of 227.13% and a negative return on equity of 49.30%. The company had revenue of $163.51 million during the quarter, compared to the consensus estimate of $139.87 million. During the same quarter in the prior year, the firm posted ($0.21) EPS. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. Equities research analysts predict that Plug Power will post -0.25 earnings per share for the current year.

Hedge Funds Weigh In On Plug Power

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Plug Power by 18.2% in the 4th quarter. Vanguard Group Inc. now owns 129,599,295 shares of the electronics maker’s stock valued at $255,311,000 after purchasing an additional 19,967,339 shares during the period. SG Americas Securities LLC raised its position in shares of Plug Power by 208.6% in the fourth quarter. SG Americas Securities LLC now owns 1,119,191 shares of the electronics maker’s stock worth $2,205,000 after buying an additional 756,510 shares in the last quarter. Leonteq Securities AG bought a new stake in Plug Power during the fourth quarter valued at $734,000. Prescott Group Capital Management L.L.C. purchased a new position in Plug Power during the fourth quarter worth about $1,202,000. Finally, Handelsbanken Fonder AB bought a new position in Plug Power in the 4th quarter worth about $3,915,000. 43.48% of the stock is currently owned by institutional investors.

Key Headlines Impacting Plug Power

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

• Positive Sentiment: Plug Power continues to secure project wins, including the Hunter Valley Hydrogen Hub in Australia moving forward with Plug’s GenEco PEM electrolyzers, which supports its long-term growth narrative. Is Plug Power (PLUG) A Bargain Following Its Australia Hydrogen Hub Win?
• Positive Sentiment: Analysts continue to point to the broader green hydrogen market as a major growth opportunity, which keeps investor interest in Plug Power’s end market elevated. Global Green Hydrogen Market Size/Share Worth USD 188.9 Billion by 2035…
• Neutral Sentiment: Recent commentary has highlighted Plug Power as a low-priced speculative stock, with some billionaires’ stock lists and bargain discussions keeping the name in the spotlight. Here’s Why Plug Power (PLUG) Ranks Among the Best Penny Stocks According to Billionaires
• Neutral Sentiment: Short-interest data showed no reported short interest as of July 10, which does not add a clear new bearish or bullish signal.
• Negative Sentiment: Susquehanna cut its price target on Plug Power to $2.50 from $3.75 and kept a neutral rating, a move that weighed on the shares. Read More
• Negative Sentiment: Fuel-cell stocks, including Plug Power, are selling off as investors unwind some of the sector’s big 2026 gains, adding broad-based pressure to PLUG. FuelCell Energy Drops 11%, Bloom Energy Slides 8%, Plug Power Falls 6% as Fuel-Cell Stocks Unwind Massive 2026 Gains

About Plug Power

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.