Plug Power (PLUG), a provider of hydrogen fuel cell solutions, will release its Q2 results today, August 11. This penny stock has fallen over 29% year-to-date and 22% over the past year due to poor financial performance, continued losses, and weak investor sentiment in the hydrogen and clean energy sector. Wall Street analysts expect the company to report a loss of $0.15 per share for Q2 2025, versus a $0.36 per share loss reported in the prior-year quarter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Meanwhile, analysts expect revenues of $158.04 million, reflecting a 10% year-over-year increase, according to data from the TipRanks Forecast page. Importantly, Plug Power has missed the consensus EPS estimates in all of the last nine quarters.
Analysts’ Views on PLUG Ahead of Q2 Results
Ahead of the Q2 print, Jefferies analyst Julien Dumoulin Smith raised his price target on the stock from $0.90 to $1.60 but kept a Hold rating. The 4-star analyst said that even though the new clean energy bill is now in place, it’s still hard to be confident about renewable energy stocks.
The bill, called the “One Big Beautiful Bill Act,” offers extended tax credits for clean electricity and hydrogen projects. These credits are meant to support growth and investment in renewable energy.
Meanwhile, H.C. Wainwright analyst Amit Dayal reiterated a Buy rating and $3 price target on Plug Power, noting that recent changes in clean energy incentives, especially the extension of hydrogen tax credits, are positive for the company’s long-term outlook.
Options Traders Anticipate a Large Move
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry; the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 17.22% move in either direction.
Is Plug Power Good Stock to Buy?
The stock of Plug Power has a consensus Hold rating among 18 Wall Street analysts. That rating is currently based on four Buy, 10 Hold, and four Sell recommendations issued in the past three months. The average PLUG price target of $1.57 implies 3.97% upside from current levels.
