Plug Power (NASDAQ:PLUG) Stock Price Down 5.6% – Here’s What Happened

09 Jan 2026, 18:21 by Doug Wharley · The Cerbat Gem

Plug Power, Inc. (NASDAQ:PLUG – Get Free Report) was down 5.6% on Wednesday . The company traded as low as $2.24 and last traded at $2.2550. Approximately 30,056,298 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 91,743,516 shares. The stock had previously closed at $2.39.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PLUG shares. Clear Str raised shares of Plug Power from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. HSBC set a $4.40 price target on shares of Plug Power in a report on Thursday, October 9th. Canaccord Genuity Group set a $7.00 target price on shares of Plug Power in a report on Monday, November 24th. Wall Street Zen downgraded Plug Power from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, TD Cowen reiterated a “hold” rating and set a $2.00 price target (down from $4.00) on shares of Plug Power in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and six have given 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 $2.73.

Read Our Latest Stock Analysis on Plug Power

Plug Power Stock Down 5.6%

The stock has a market cap of $3.05 billion, a P/E ratio of -0.92 and a beta of 1.68. The firm has a 50 day simple moving average of $2.22 and a two-hundred day simple moving average of $2.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.32.

Plug Power (NASDAQ:PLUG – Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The electronics maker reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. The business had revenue of $177.06 million during the quarter, compared to the consensus estimate of $185.41 million. Plug Power had a negative net margin of 313.69% and a negative return on equity of 105.98%. Equities research analysts predict that Plug Power, Inc. will post -1.21 earnings per share for the current year.

Insider Activity at Plug Power

In related news, insider Jose Luis Crespo acquired 37,300 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of $2.34 per share, for a total transaction of $87,282.00. Following the completion of the purchase, the insider directly owned 307,332 shares of the company’s stock, valued at $719,156.88. The trade was a 13.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Benjamin Haycraft sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $2.20, for a total value of $88,000.00. Following the completion of the sale, the insider owned 373,809 shares of the company’s stock, valued at $822,379.80. This trade represents a 9.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Plug Power

A number of institutional investors have recently bought and sold shares of the stock. Kovack Advisors Inc. purchased a new stake in Plug Power during the third quarter valued at about $26,000. Sender Co & Partners Inc. acquired a new stake in shares of Plug Power during the second quarter valued at approximately $26,000. Yousif Capital Management LLC purchased a new stake in shares of Plug Power in the 3rd quarter valued at approximately $27,000. Prakash Investment Advisors LLC acquired a new position in Plug Power in the 3rd quarter worth approximately $27,000. Finally, Procyon Advisors LLC purchased a new position in Plug Power during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 43.48% of the company’s stock.

About Plug Power

(Get Free Report)

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.