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Plug Power Inc (PLUG) Stock Forecast & Price Prediction

Live PLUG Stock Price & Analysis

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$1.72

-0.12 (-6.52%)

12 Month Price Forecast For PLUG

$1.72
Current Price
$1.58B
Market Cap
27 Ratings
Buy 7
Hold 15
Sell 5
Wall St Analyst Ratings

Distance to PLUG Price Forecasts

+190.7%
To High Target of $5.00
+30.8%
To Median Target of $2.25
-41.9%
To Low Target of $1.00

PLUG Price Momentum

-7.0%
1 Week Change
-40.1%
1 Month Change
-62.4%
1 Year Change
-19.2%
Year-to-Date Change
-64.9%
From 52W High of $4.90
+7.5%
From 52W Low of $1.60

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 11, 2025 1:02 PM UTC

PLUG Analyst Ratings & Price Targets

Based on our analysis of 37 Wall Street analysts, PLUG has a neutral consensus with a median price target of $2.25 (ranging from $1.00 to $5.00). The overall analyst rating is Buy (6.3/10). Currently trading at $1.72, the median forecast implies a 30.8% upside. This outlook is supported by 7 Buy, 15 Hold, and 5 Sell ratings.

The most optimistic forecast comes from Amit Dayal at HC Wainwright & Co., projecting a 190.7% upside. Conversely, the most conservative target is provided by Tom Curran at Seaport Global, suggesting a 41.9% downside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

PLUG Analyst Consensus

7
Buy
15
Hold
5
Sell

PLUG Price Target Range

Low
$1.00
Average
$2.25
High
$5.00
Current: $1.72

Latest PLUG Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for PLUG.

Date Firm Analyst Rating Change Price Target
Jan 27, 2025 Seaport Global Tom Curran Sell Downgrade $1.00
Jan 16, 2025 Susquehanna Biju Perincheril Neutral Maintains $2.50
Nov 18, 2024 HC Wainwright & Co. Amit Dayal Buy Maintains $5.00
Nov 15, 2024 Canaccord Genuity George Gianarikas Hold Maintains $2.00
Nov 14, 2024 Piper Sandler Kashy Harrison Underweight Maintains $1.40
Nov 14, 2024 Wells Fargo Michael Blum Equal-Weight Maintains $2.00
Nov 14, 2024 BTIG Gregory Lewis Neutral Downgrade $0.00
Nov 14, 2024 Craig-Hallum Eric Stine Buy Maintains $3.00
Nov 13, 2024 HC Wainwright & Co. Amit Dayal Buy Reiterates $18.00
Nov 13, 2024 Canaccord Genuity George Gianarikas Hold Maintains $2.25
Nov 13, 2024 Evercore ISI Group James West Outperform Maintains $4.00
Oct 3, 2024 Jefferies Dushyant Ailani Hold Maintains $2.00
Aug 12, 2024 Susquehanna Biju Perincheril Neutral Maintains $2.00
Aug 12, 2024 Truist Securities Jordan Levy Hold Maintains $2.00
Aug 12, 2024 Canaccord Genuity George Gianarikas Hold Maintains $2.50
Aug 12, 2024 RBC Capital Chris Dendrinos Sector Perform Maintains $2.50
Aug 9, 2024 Wells Fargo Michael Blum Equal-Weight Maintains $3.00
Aug 9, 2024 Craig-Hallum Eric Stine Buy Maintains $4.00
Jul 22, 2024 Piper Sandler Kashy Harrison Underweight Maintains $2.40
May 14, 2024 HC Wainwright & Co. Amit Dayal Buy Reiterates $18.00

Stocks Similar to Plug Power Inc

The following stocks are similar to Plug Power based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Plug Power Inc (PLUG) Financial Data

Plug Power Inc has a market capitalization of $1.58B with a P/E ratio of -0.7x. The company generates $659.51M in trailing twelve-month revenue with a -214.1% profit margin.

Revenue growth is -12.6% quarter-over-quarter, while maintaining an operating margin of -121.6% and return on equity of -43.2%.

Valuation Metrics

Market Cap $1.58B
Enterprise Value $2.51B
P/E Ratio -0.7x
PEG Ratio -3.0x
Price/Sales 2.4x

Growth & Margins

Revenue Growth (YoY) -12.6%
Gross Margin -57.6%
Operating Margin -121.6%
Net Margin -214.1%
EPS Growth -12.6%

Financial Health

Cash/Price Ratio +6.0%
Current Ratio 2.1x
Debt/Equity 30.7x
ROE -43.2%
ROA -13.2%

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Plug Power Inc (PLUG) Company Overview

About Plug Power Inc

What They Do

Develops hydrogen and fuel cell solutions.

Business Model

The company generates revenue by providing a range of hydrogen and fuel cell products, including fuel cell systems for electric vehicles, stationary power solutions, and hydrogen fueling infrastructure. It sells these products through direct sales, partnerships with original equipment manufacturers, and dealer networks.

Additional Information

Plug Power operates internationally and is involved in multiple sectors including telecommunications, transportation, and utilities. The company was founded in 1997 and is based in Latham, New York, positioning itself as a key player in the transition to clean hydrogen energy and alternative fuels.

Company Information

Sector

Industrials

Industry

Electrical Equipment & Parts

Employees

3,868

CEO

Mr. Andrew J. Marsh

Country

United States

IPO Year

1999

Plug Power Inc (PLUG) Latest News & Analysis

PLUG stock latest news image
Quick Summary

Investors should be cautious; while buying undervalued stocks can yield high returns, not all significantly decreased stocks are sound investments.

Why It Matters

Identifying undervalued stocks can enhance returns, but caution is needed; not all declines indicate a good investment opportunity, which could lead to losses.

Source: The Motley Fool
Market Sentiment: Positive
PLUG stock latest news image
Quick Summary

Plug Power (PLUG) shares fell 12.7% in January 2025, continuing a downward trend after a 53% decline in 2024, as reported by S&P Global Market Intelligence.

Why It Matters

Plug Power's continued stock decline signals worsening investor confidence, potential cash flow issues, and challenges in the hydrogen market, impacting future performance and investment strategies.

Source: The Motley Fool
Market Sentiment: Negative
PLUG stock latest news image
Quick Summary

Plug Power stock is near its all-time low, down over 8% this year and 58% in the past 12 months, with a current market cap of approximately $1.69 billion.

Why It Matters

Plug Power's significant stock decline signals potential instability in the new energy sector, affecting investor confidence and market sentiment towards similar companies.

Source: Invezz
Market Sentiment: Negative
PLUG stock latest news image
Quick Summary

Plug Power (PLUG) closed at $1.86, unchanged from the previous trading session.

Why It Matters

Plug Power's stagnant stock price indicates potential market uncertainty or lack of investor confidence, impacting future investment decisions and market sentiment.

Source: Zacks Investment Research
Market Sentiment: Negative
PLUG stock latest news image
Quick Summary

Analysts project Plug Power (PLUG) will increase sales by approximately 36% in 2025, according to Wall Street consensus estimates.

Why It Matters

Anticipated 36% sales growth for Plug Power in 2025 signals strong market confidence, potentially driving stock value and attracting more investment in the hydrogen sector.

Source: The Motley Fool
Market Sentiment: Positive
PLUG stock latest news image
Quick Summary

Plug Power (PLUG) is focusing on expanding its hydrogen fuel cell technology to establish a leadership position in the hydrogen ecosystem as demand for renewable fuels grows.

Why It Matters

Plug Power's focus on hydrogen fuel cells positions it for growth in the renewable energy sector, potentially enhancing its market share and attracting investment amid increasing demand for sustainable solutions.

Source: The Motley Fool
Market Sentiment: Positive

Frequently Asked Questions About PLUG Stock

What is Plug Power Inc's (PLUG) stock forecast for 2025?

Based on our analysis of 37 Wall Street analysts, Plug Power Inc (PLUG) has a median price target of $2.25. The highest price target is $5.00 and the lowest is $1.00.

Is PLUG stock a good investment in 2025?

According to current analyst ratings, PLUG has 7 Buy ratings, 15 Hold ratings, and 5 Sell ratings. The stock is currently trading at $1.72. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for PLUG stock?

Wall Street analysts predict PLUG stock could reach $2.25 in the next 12 months. This represents a 30.8% increase from the current price of $1.72. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Plug Power Inc's business model?

The company generates revenue by providing a range of hydrogen and fuel cell products, including fuel cell systems for electric vehicles, stationary power solutions, and hydrogen fueling infrastructure. It sells these products through direct sales, partnerships with original equipment manufacturers, and dealer networks.

What is the highest forecasted price for PLUG Plug Power Inc?

The highest price target for PLUG is $5.00 from Amit Dayal at HC Wainwright & Co., which represents a 190.7% increase from the current price of $1.72.

What is the lowest forecasted price for PLUG Plug Power Inc?

The lowest price target for PLUG is $1.00 from Tom Curran at Seaport Global, which represents a -41.9% decrease from the current price of $1.72.

What is the overall PLUG consensus from analysts for Plug Power Inc?

The overall analyst consensus for PLUG is neutral. Out of 37 Wall Street analysts, 7 rate it as Buy, 15 as Hold, and 5 as Sell, with a median price target of $2.25.

How accurate are PLUG stock price projections?

Stock price projections, including those for Plug Power Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.