PLUGIndustrials · Electrical Equipment & Parts

PLUG Stock Forecast: Plug Power, Inc. Price Predictions for 2026-2027

Last close, 2 Sept 2026

$2.09

0.00% on the day

The 20 Wall Street analysts covering Plug Power, Inc. hold a median 12-month price target of $3.5 — +67.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 44 of 100 as at 1 Sept 2026 — in the lower half.

Market cap

$3.0B

Ticker Nerd rank

44 / 100

Median analyst target

$3.50

Analysts covering

Revenue$163.5M+22.3% y/y

Operating income−$103.9M

Net income−$246.0M

Free cash flow−$158.2M

Quarterly, 8 quarters to 31 Mar 2026 · latest quarter's figure shown

Total return, dividends reinvested

−3.7%

+1.5%

YTD

+6.1%

+41.2%

From 52W high

−49.5%

From 52W low

+48.2%

$1.41

$4.14

52-week range, adjusted closes · the dot is the last close

Ticker Nerd rank

PLUG stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Plug Power, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 1 Sept 2026

44 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Accruals

Growth

Revisions

Momentum

Volatility

Size

Value

Quality

Issuance

Accruals (97): Reported profit is backed by cash, and the company is not expanding recklessly.

Issuance (17): The company has been issuing shares or taking on financing, diluting existing holders.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

PLUG stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on PLUG, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says20 analysts

5 Buy12 Hold3 Sell

Low $0.75Median $3.50High $7.00

The green dot is the last close — the median target sits +67.5% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 1 moved it down.

Date	Firm	Action	Rating	Target
12 Aug 2026	Roth Capital	Reiterates	Buy	$3.50 → $5.00
11 Aug 2026	HC Wainwright & Co.	Reiterates	Buy	$7.00
10 July 2026	Susquehanna	Maintains	Neutral	$3.75 → $2.50
10 July 2026	Susquehanna	Maintains	Neutral	—
9 July 2026	Morgan Stanley	Maintains	Underweight	$1.50 → $1.65
9 July 2026	Morgan Stanley	Maintains	Underweight	—
19 May 2026	Wells Fargo	Maintains	Equal-Weight	—
13 May 2026	Susquehanna	Maintains	Neutral	—
12 May 2026	B. Riley Securities	Maintains	Buy	—
12 May 2026	BMO Capital	Maintains	Underperform	—
12 May 2026	Canaccord Genuity	Maintains	Hold	—
12 May 2026	TD Cowen	Maintains	Hold	—
29 Apr 2026	Clear Street	Maintains	Buy	—
9 Apr 2026	Susquehanna	Maintains	Neutral	—
9 Mar 2026	Jefferies	Maintains	Hold	—
4 Mar 2026	Wells Fargo	Maintains	Equal-Weight	—
3 Mar 2026	HC Wainwright & Co.	Reiterates	Buy	—
9 Jan 2026	TD Cowen	Downgrade	Hold	—
31 Dec 2025	Clear Street	Upgrade	Buy	—
20 Nov 2025	Canaccord Genuity	Maintains	Hold	—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. PLUG appears on the weeks it earns a place.

Performance

PLUG vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 2 Sept 2026, Plug Power, Inc. returned +41.2% against +20.8% for the S&P 500, dividends included.

PLUG vs S&P 500, last 12 monthsTotal return, rebased to 100

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

PLUG analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year

Analysts raising

Analysts cutting

Fundamentals

Plug Power, Inc. (PLUG) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation

Trailing P/E: −1.5×
Price / sales: 4.1×
Price / book: 5.2×
EV / EBITDA: −7.6×

Growth & margins

Revenue growth (YoY): 2.5%
Earnings growth (YoY): 22.3%
Gross margin: −13.2%
Operating margin: −24.9%
Net margin: −220.6%

Returns & dividend

Return on equity: −145.0%
Return on assets: −12.2%
Dividend yield: —

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Plug Power, Inc. (PLUG) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

Plug Power, Inc. has a market value of $3.0B and an enterprise value of $3.9B.
Revenue in the twelve months to 31 Mar 2026: $739.8M. The latest quarter grew 2.5% year on year.
Net income over the same four quarters: −$1.7B, a −235.6% net margin.
Free cash flow in the twelve months to 31 Mar 2026: −$668.0M, after $87.7M of capital spending.
Shares outstanding: 1.4B.
Trailing P/E: −1.5×; forward P/E: −14.6× — the forward figure prices analyst consensus estimates, not reported earnings.
Plug Power, Inc. employs 2,344 people — $316K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 31 Mar 2026 · market figures as at 3 Sept 2026

Data provided by Twelve Data

Peers

PLUG vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelElectrical Equipment & Parts

Company	Market cap	TKN rank
PLUGPlug Power, Inc.	$3.0B	44
HAYWHayward Holdings, Inc.	$2.9B	83
ATKRAtkore, Inc.	$3.2B	97
PLPCPreformed Line Products Co.	$1.9B	92
ENREnergizer Holdings, Inc.	$1.4B	48
AMPXAmprius Technologies, Inc.	$1.4B	60
FCELFuelCell Energy, Inc.	$1.4B	50

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Plug Power, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest PLUG news & analysis

Is Rising Electrolyzer Demand a Long-Term Growth Catalyst for Plug Power?

Zacks Investment Research · 1 Sept 2026positive

The article reports that Plug Power's electrolyzer revenues held steady at $54.1 million, supported by major projects and rising green hydrogen demand. It examines whether rising electrolyzer demand could serve as a long-term growth catalyst for the company.

Why it matters — PLUG watchers would care because steady electrolyzer revenue amid major projects and growing green hydrogen demand points to sustained demand for a core product line.

Plug Power Gains 4% as Risk Appetite Returns; FuelCell Inches Higher, Bloom Energy Holds Flat

24/7 Wall Street · 27 Aug 2026positive

On Thursday, risk appetite returned to the hydrogen and fuel cell sector, with Plug Power shares rising 4% to $2. The market appeared to be sorting the group by share price rather than fundamentals, with FuelCell Energy also inching higher and Bloom Energy holding flat.

Why it matters — A PLUG watcher would note that the stock gained 4% as renewed risk appetite returned to the sector, though the move appears driven by market sentiment rather than company fundamentals.

Plug Power Sinks 5%, Bloom and FuelCell Slip: Is the Hydrogen Trade Narrowing to One Name?

24/7 Wall Street · 26 Aug 2026negative

Plug Power shares fell 5% to $2.16 in midday trading Wednesday, leading a pullback among fuel cell pure-play stocks, with peers Bloom Energy and FuelCell also slipping.

Why it matters — A PLUG watcher would care because the article reflects a broader downturn across the fuel cell sector, with Plug Power experiencing the largest decline among these names.

Plug Power stock faces a technical test just as its turnaround gains traction

Invezz · 26 Aug 2026negative

Plug Power stock has fallen roughly 48% from its year-to-date high of $4.33 to $2.27, even as the company's turnaround strategy takes shape. Short interest has remained stubbornly elevated throughout the decline, leaving the stock facing a technical test.

Why it matters — The report highlights that Plug Power's share price decline continues amid its turnaround efforts, with persistently elevated short interest signaling ongoing investor caution that watchers may track.

Plug Power: Tangible Margin Progress But More Work Ahead - Hold

Seeking Alpha · 25 Aug 2026neutral

Plug Power reported better-than-expected second-quarter results, with sales and non-GAAP profitability outperforming forecasts due to restructuring and cost-reduction efforts. Management slightly raised full-year sales guidance and reaffirmed expectations for positive adjusted EBITDA in the fourth quarter, though cash burn remained elevated and backlog fell to multi-year lows.

Why it matters — For Plug Power watchers, this signals tangible margin and profitability progress from restructuring, while persistently high cash burn and shrinking backlog highlight that further work remains toward financial stability.

FAQ

Frequently asked questions about PLUG stock

What is the PLUG stock price forecast for 2026-2027?

The 20 Wall Street analysts covering Plug Power, Inc. have a median 12-month price target of $3.5, with estimates ranging from $0.75 to $7. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is PLUG stock a buy right now?

Of the 20 analysts covering Plug Power, Inc., 5 rate it a Buy, 12 a Hold and 3 a Sell. Ticker Nerd's systematic factor model ranks Plug Power, Inc. 44 out of 100 across roughly 4,600 US stocks as at 1 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank PLUG?

As at 1 Sept 2026, Plug Power, Inc. ranks 44 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Accruals (97 of 100).

Will PLUG stock go up?

No one can know that. What the data says: the median 12-month target from 20 analysts implies +67.5% from the last close, and Ticker Nerd's factor model ranks Plug Power, Inc. 44 out of 100 as at 1 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the PLUG stock forecast for 2030?

No analyst covering Plug Power, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for PLUG are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $0.75 to $7 over the next 12 months.

How has PLUG stock performed over the past year?

Plug Power, Inc. returned +41.2% over the 12 months to 2 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Plug Power, Inc. do?

Plug Power Inc. is an American hydrogen and fuel cell technology company focused on building end-to-end clean energy systems for industrial and commercial use.

What is the latest news on PLUG?

The most recent item we track (Zacks Investment Research, 1 Sept 2026): "Is Rising Electrolyzer Demand a Long-Term Growth Catalyst for Plug Power?". The article reports that Plug Power's electrolyzer revenues held steady at $54.1 million, supported by major projects and rising green hydrogen demand. It examines whether rising electrolyzer demand could serve as a long-term growth catalyst for the company.

Company

About Plug Power, Inc.

Plug Power Inc. is an American hydrogen and fuel cell technology company focused on building end-to-end clean energy systems for industrial and commercial use. The company develops fuel cell solutions for material handling equipment, electrolyzers for on-site hydrogen production, fueling infrastructure, liquid hydrogen systems, and stationary power applications. Its products and services support logistics, warehouse operations, e-mobility, backup power, and other industrial environments where reliable low-emission energy is required. Plug Power also provides integrated offerings that combine equipment, hydrogen supply, installation, and maintenance, helping customers manage hydrogen-based operations across production, storage, delivery, and power generation. Headquartered in Latham, New York, Plug Power plays a significant role in the hydrogen market by supplying technologies that connect hydrogen production with practical applications in transportation, industry, and energy infrastructure.

CEO Mr. Jose Luis Crespo · 2,344 employees · United States · https://www.plugpower.com