PLUGPLUGIndustrials · Electrical Equipment & Parts

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

Last close, 4 Nov 2026
$1.46
+3.55% on the day

The 19 Wall Street analysts covering Plug Power, Inc. hold a median 12-month price target of $4 — +174.0% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 42 of 100 as at 3 Nov 2026 — in the lower half.

Market cap
$1.8B
Ticker Nerd rank
42/ 100
Median analyst target
$4.00
Analysts covering
19
Revenue$178.3M+2.5% y/y
Operating income−$44.4M
Net income−$190.1M
Free cash flow−$124.7M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+2.8%
1M
−23.2%
YTD
−25.9%
1Y
−42.1%
From 52W high
−64.7%
From 52W low
+11.5%
$1.31
$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 3 Nov 2026
42/ 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
97
Growth
96
Revisions
54
Volatility
48
Size
35
Value
32
Quality
29
Momentum
26
Issuance
17

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 systematic trader with 15+ 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
$0.00$2.00$4.00$6.00$8.00Jan 26Apr 26Jul 26Oct 26PLUGHigh $7.00Median $4.00Low $0.75

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 says19 analysts
5 Buy11 Hold3 Sell
Low $0.75Median $4.00High $7.00

The green dot is the last close — the median target sits +174.0% from it.

Recent analyst actionsNewest first

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

DateFirmActionRatingTarget
14 Oct 2026SusquehannaMaintainsNeutral$2.50 → $1.75
29 Sept 2026HC Wainwright & Co.ReiteratesBuy—
29 Sept 2026HC Wainwright & Co.ReiteratesBuy$7.00
12 Aug 2026Roth CapitalReiteratesBuy—
12 Aug 2026Roth CapitalReiteratesBuy$3.50 → $5.00
11 Aug 2026HC Wainwright & Co.ReiteratesBuy$7.00
11 Aug 2026HC Wainwright & Co.ReiteratesBuy—
10 July 2026SusquehannaMaintainsNeutral$3.75 → $2.50
10 July 2026SusquehannaMaintainsNeutral—
9 July 2026Morgan StanleyMaintainsUnderweight—
9 July 2026Morgan StanleyMaintainsUnderweight$1.50 → $1.65
19 May 2026Wells FargoMaintainsEqual-Weight—
13 May 2026SusquehannaMaintainsNeutral—
12 May 2026B. Riley SecuritiesMaintainsBuy—
12 May 2026BMO CapitalMaintainsUnderperform—
12 May 2026Canaccord GenuityMaintainsHold—
12 May 2026TD CowenMaintainsHold—
29 Apr 2026Clear StreetMaintainsBuy—
9 Apr 2026SusquehannaMaintainsNeutral—
9 Mar 2026JefferiesMaintainsHold—

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.

PLUG appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
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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 4 Nov 2026, Plug Power, Inc. returned −42.1% against +12.9% for the S&P 500, dividends included.

PLUG vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120140160Jan 26Apr 26Jul 26Oct 26PLUGS&P 500

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 movingThis fiscal year
Analysts raising
4
Analysts cutting
1
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
−0.9×

Cheaper than 83% of US stocks

Price / sales
2.5×

Cheaper than 46% of US stocks

Price / book
3.1×

Cheaper than 29% of US stocks

EV / EBITDA
−5.3×

Cheaper than 81% of US stocks

Growth & margins
Revenue growth (YoY)
2.5%

Higher than 33% of US stocks

Earnings growth (YoY)
2.5%

Higher than 40% of US stocks

Gross margin
−0.9%

Higher than 4% of US stocks

Operating margin
−24.9%

Higher than 20% of US stocks

Net margin
−220.6%

Higher than 2% of US stocks

Returns & dividend
Return on equity
−145.0%

Higher than 10% of US stocks

Return on assets
−12.2%

Higher than 25% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

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 $1.8B and an enterprise value of $2.7B.

  • Revenue in the twelve months to 30 June 2026: $744.1M. The latest quarter grew 2.5% year on year.

  • Net income over the same four quarters: −$1.7B, a −229.0% net margin.

  • Free cash flow in the twelve months to 30 June 2026: −$560.5M.

  • Shares outstanding: 1.4B.

  • Trailing P/E: −0.9×; forward P/E: −8.8× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • Plug Power, Inc. employs 2,344 people — $317K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 3 Nov 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
CompanyMarket capTKN rank
PLUGPlug Power, Inc.$1.8B42
ENREnergizer Holdings, Inc.$1.6B71
PLPCPreformed Line Products Co.$1.5B88
AMPXAmprius Technologies, Inc.$1.3B50
ATKRAtkore, Inc.$3.2B—
HAYWHayward Holdings, Inc.$3.5B75
FLNCFluence Energy, Inc.$1.0B14

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

Plug Power stock is soaring after US midterms: will these gains hold?

Invezz · 4 Nov 2026positive

Plug Power shares climbed to $1.58 in extended trading as clean energy companies rebounded after the US midterm elections. The stock is more than 20% above its year-to-date low, with investors awaiting the company's upcoming earnings report.

Why it matters — The rebound and approaching earnings report are developments PLUG watchers may follow.

Here's the 1 Thing I'd Wait to See Before Buying Plug Power Stock

The Motley Fool · 3 Nov 2026negative

Plug Power grew sales at a brisk pace from 2015 to 2025, while cash flow from operations remained consistently negative. The Motley Fool headline frames positive operating progress alongside a key financial concern.

Why it matters — PLUG watchers may weigh the company’s sales growth against its ongoing negative operating cash flow.

Here's Why Plug Power (PLUG) Fell More Than Broader Market

Zacks Investment Research · 2 Nov 2026negative

Plug Power closed the most recent trading day at $1.32, down 3.3% from the previous trading session, according to the excerpt.

Why it matters — The session decline is relevant to PLUG watchers tracking the stock’s recent trading performance.

Plug Power (PLUG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Zacks Investment Research · 2 Nov 2026negative

Zacks Investment Research says Plug Power lacks the combination of two key factors associated with a likely earnings beat ahead of its upcoming report. The headline notes the company may report negative earnings.

Why it matters — The item highlights expectations for PLUG's upcoming earnings release, which may be relevant to investors tracking the company's results.

FAQ

Frequently asked questions about PLUG stock

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

The 19 Wall Street analysts covering Plug Power, Inc. have a median 12-month price target of $4, 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 19 analysts covering Plug Power, Inc., 5 rate it a Buy, 11 a Hold and 3 a Sell. Ticker Nerd's systematic factor model ranks Plug Power, Inc. 42 out of 100 across roughly 4,600 US stocks as at 3 Nov 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank PLUG?

As at 3 Nov 2026, Plug Power, Inc. ranks 42 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 19 analysts implies +174.0% from the last close, and Ticker Nerd's factor model ranks Plug Power, Inc. 42 out of 100 as at 3 Nov 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 -42.1% over the 12 months to 4 Nov 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, 4 Nov 2026): "Seeking Clues to Plug Power (PLUG) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics". Zacks Investment Research previews Plug Power’s quarter ended September 2026, focusing on expected performance and key metrics beyond standard revenue and earnings estimates.

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