From what 15 stock analysts predict, the share price for Plug Power Inc (PLUG) might increase by 35.61% in the next year. This is based on a 12-month average estimation for PLUG. Price targets go from $2.50 to $18.00. The majority of stock analysts believe PLUG is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
PLUG is a stock in Energy which has been forecasted to be worth $5.37 as an average. On the higher end, the forecast price is $18.00 USD by ryan pfingst from B.Riley Financial and on the lower end PLUG is forecasted to be $2.50 by ameet thakkar from BMO Capital.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
andrew percoco Morgan Stanley | Sell | $3.0 | maintained | Feb 6, 2024 |
ameet thakkar BMO Capital | Sell | $2.5 | downgraded | Jan 24, 2024 |
kashy harrison Piper Sandler | Sell | $2.8 | rated | Jan 24, 2024 |
Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including liquid green hydrogen production, storage and handling, transportation, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; Liquefaction systems; and Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
When did it IPO
1999
Staff Count
3,353
Country
United States
Sector/Industry
Industrials/Electrical Equipment & Parts
CEO
Mr. Andrew J. Marsh
Market Cap
$2.40B
In 2023, PLUG generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that PLUG's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
APPN-USD
$32.98
$73.03
PSEC-USD
$5.83
JBLU-USD
$7.01
PRFT-USD
$70.33
NMIH-USD
$29.05