Plug Power (PLUG) Stock Forecast, Price Target & Predictions

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PLUG Stock Forecast

Plug Power stock forecast is as follows: an average price target of $20.83 (represents a 1002.12% upside from PLUG’s last price of $1.89) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

PLUG Price Target

The average price target for Plug Power (PLUG) is $20.83 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $46.00 to $1.60. This represents a potential 1002.12% upside from PLUG's last price of $1.89.

PLUG Analyst Ratings

Buy

According to 17 Wall Street analysts, Plug Power's rating consensus is 'Buy'. The analyst rating breakdown for PLUG stock is 0 'Strong Buy' (0.00%), 7 'Buy' (41.18%), 7 'Hold' (41.18%), 3 'Sell' (17.65%), and 0 'Strong Sell' (0.00%).

Plug Power Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 15, 2024	Dushyant Ailani	Jefferies	$1.90	$1.97	-3.55%	0.53%
Nov 14, 2024	Christopher Van Horn	B.Riley Financial	$4.00	$1.93	107.48%	111.64%
Nov 13, 2024	Ameet Thakkar	BMO Capital	$1.60	$1.97	-18.78%	-15.34%
Nov 12, 2024	George Giankarikas	Canaccord Genuity	$2.25	$1.91	17.80%	19.05%
Nov 12, 2024	Gregory Lewis	BTIG	$5.00	$2.52	98.81%	164.55%
Aug 12, 2024	Jordan Levy	Truist Financial	$2.00	$1.99	0.51%	5.82%
Aug 12, 2024	George Gianarikas	Canaccord Genuity	$2.50	$1.97	26.90%	32.28%
Aug 09, 2024	Ameet Thakkar	BMO Capital	$1.80	$1.99	-9.32%	-4.76%
Jul 19, 2024	Ameet Thakkar	BMO Capital	$2.25	$2.52	-10.54%	19.05%
Jul 02, 2024	Manav Gupta	UBS	$2.75	$2.31	19.31%	45.50%

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The latest Plug Power stock forecast, released on Nov 15, 2024 by Dushyant Ailani from Jefferies, set a price target of $1.90, which represents a -3.55% decrease from the stock price at the time of the forecast ($1.97), and a 0.53% increase from PLUG last price ($1.89).

Plug Power Price Target by Period

	1M	3M	12M
# Anlaysts	5	5	19
Avg Price Target	$2.95	$2.95	$2.86
Last Closing Price	$1.89	$1.89	$1.89
Upside/Downside	56.08%	56.08%	51.32%

In the current month, the average price target of Plug Power stock is $2.95, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 56.08% increase as opposed to Plug Power's last price of $1.89. This month's average price target is down 0.00% compared to last quarter, and up 3.15% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 14, 2024	Craig-Hallum	Buy	Hold	Downgrade
Nov 12, 2024	Oppenheimer	Perform	Perform	Hold
Nov 12, 2024	BTIG	Buy	Buy	Hold
Aug 09, 2024	BMO Capital	Underperform	Underperform	Hold
Jul 22, 2024	Susquehanna	Buy	Buy	Hold
Jul 22, 2024	Sandler O'Neill	Underperform	Underperform	Hold
Jul 19, 2024	Piper Sandler	Underweight	Underweight	Hold
Jul 19, 2024	BMO Capital	Underperform	Underperform	Hold
Jul 02, 2024	UBS	Neutral	Neutral	Hold
Jun 21, 2024	RBC Capital	Sector Perform	Sector Perform	Hold

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Plug Power's last stock rating was published by Craig-Hallum on Nov 14, 2024. The company Downgrade its PLUG rating from "Buy" to "Hold".

Plug Power Financial Forecast

Plug Power Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$143.35M	$120.26M	-	$198.71M	$260.18M	$210.29M	$220.74M	$188.63M	$151.27M	$140.80M	$161.91M	$143.92M
Avg Forecast	$566.44M	$553.75M	$530.82M	$465.72M	$602.88M	$483.78M	$415.38M	$435.23M	$409.30M	$325.37M	$280.35M	$264.57M	$310.09M	$244.23M	$200.82M	$184.17M	$277.92M	$207.25M	$184.54M	$157.34M	$235.22M	$219.57M	$237.72M	$205.48M	$281.21M	$243.14M	$159.04M	$144.83M	$157.65M	$144.78M
High Forecast	$729.94M	$713.58M	$684.04M	$600.15M	$776.89M	$623.42M	$535.27M	$560.85M	$527.45M	$419.29M	$361.27M	$340.93M	$399.59M	$314.72M	$258.79M	$251.99M	$329.42M	$267.07M	$184.54M	$157.66M	$240.37M	$224.49M	$306.33M	$264.80M	$362.37M	$243.14M	$159.04M	$144.83M	$157.65M	$144.78M
Low Forecast	$404.13M	$395.07M	$378.72M	$332.27M	$430.13M	$345.16M	$296.35M	$310.52M	$292.02M	$232.14M	$200.02M	$188.76M	$221.23M	$174.25M	$143.28M	$144.55M	$184.45M	$147.86M	$184.54M	$157.02M	$232.24M	$214.65M	$169.60M	$146.60M	$200.63M	$243.14M	$159.04M	$144.83M	$157.65M	$144.78M
# Analysts	8	8	8	8	9	9	9	9	9	9	9	9	8	8	8	10	12	6	8	9	16	8	8	9	12	7	7	8	13	8
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.78%	0.76%	-	0.91%	1.09%	1.02%	0.78%	0.78%	0.95%	0.97%	1.03%	0.99%

Plug Power's average Quarter revenue forecast for Sep 24 based on 6 analysts is $207.25M, with a low forecast of $147.86M, and a high forecast of $267.07M. PLUG's average Quarter revenue forecast represents a 44.57% increase compared to the company's last Quarter revenue of $143.35M (Jun 24).

Plug Power EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	8	8	8	8	9	9	9	9	9	9	9	9	8	8	8	10	12	6	8	9	16	8	8	9	12	7	7	8	13	8
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-212.63M	$-262.31M	-	$-273.97M	$-233.84M	$-177.66M	$-177.18M	$-142.13M	$-139.24M	$-131.76M	$-187.41M	$-94.77M
Avg Forecast	$-211.95M	$-207.20M	$-198.62M	$-174.27M	$-225.59M	$-181.02M	$-155.43M	$-162.85M	$-153.15M	$-121.75M	$-104.90M	$-99.00M	$-116.03M	$-91.39M	$-75.14M	$-68.91M	$-103.99M	$-77.55M	$-69.05M	$-119.97M	$-88.02M	$-82.16M	$-88.95M	$-109.06M	$-5.17B	$-87.03M	$-56.93M	$-99.15M	$-56.43M	$-51.83M
High Forecast	$-151.22M	$-147.83M	$-141.71M	$-124.33M	$-160.94M	$-129.15M	$-110.89M	$-116.19M	$-109.27M	$-86.86M	$-74.84M	$-70.63M	$-82.78M	$-65.20M	$-53.61M	$-54.09M	$-69.02M	$-55.33M	$-69.05M	$-95.97M	$-86.90M	$-80.32M	$-63.46M	$-87.25M	$-4.14B	$-87.03M	$-56.93M	$-79.32M	$-56.43M	$-51.83M
Low Forecast	$-273.13M	$-267.01M	$-255.95M	$-224.57M	$-290.70M	$-233.27M	$-200.29M	$-209.86M	$-197.36M	$-156.89M	$-135.18M	$-127.57M	$-149.52M	$-117.76M	$-96.83M	$-94.29M	$-123.26M	$-99.93M	$-69.05M	$-143.96M	$-89.94M	$-84.00M	$-114.62M	$-130.87M	$-6.20B	$-87.03M	$-56.93M	$-118.98M	$-56.43M	$-51.83M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.08%	2.19%	-	3.33%	2.63%	1.63%	0.03%	1.63%	2.45%	1.33%	3.32%	1.83%

undefined analysts predict PLUG's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Plug Power's previous annual EBITDA (undefined) of $NaN.

Plug Power Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	8	8	8	8	9	9	9	9	9	9	9	9	8	8	8	10	12	6	8	9	16	8	8	9	12	7	7	8	13	8
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-262.33M	$-295.78M	-	$-283.48M	$-236.40M	$-206.56M	$-223.47M	$-170.76M	$-173.30M	$-156.49M	$-192.91M	$-106.67M
Avg Forecast	$19.31M	$15.11M	$7.55M	$-7.73M	$-1.93M	$-25.84M	$-50.52M	$-56.53M	$-77.21M	$-82.72M	$-92.03M	$-102.08M	$-117.80M	$-123.49M	$-135.67M	$-147.55M	$-191.09M	$-208.46M	$-264.53M	$-133.89M	$-315.68M	$-262.10M	$-228.62M	$-121.71M	$-5.35B	$-176.49M	$-152.14M	$-110.65M	$-84.49M	$-60.75M
High Forecast	$26.56M	$20.78M	$10.39M	$-4.85M	$-1.21M	$-16.21M	$-31.70M	$-35.47M	$-48.45M	$-51.90M	$-57.74M	$-64.05M	$-73.92M	$-77.49M	$-85.13M	$-110.66M	$-156.35M	$-130.81M	$-165.99M	$-107.11M	$-186.02M	$-164.46M	$-143.45M	$-97.37M	$-4.28B	$-176.49M	$-152.14M	$-88.52M	$-84.49M	$-60.75M
Low Forecast	$12.12M	$9.48M	$4.74M	$-10.63M	$-2.66M	$-35.53M	$-69.48M	$-77.74M	$-106.18M	$-113.75M	$-126.55M	$-140.38M	$-162.00M	$-169.83M	$-186.57M	$-175.22M	$-251.89M	$-286.69M	$-363.79M	$-160.66M	$-484.79M	$-360.45M	$-314.40M	$-146.06M	$-6.42B	$-176.49M	$-152.14M	$-132.78M	$-84.49M	$-60.75M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99%	2.21%	-	1.08%	1.03%	1.70%	0.04%	0.97%	1.14%	1.41%	2.28%	1.76%

Plug Power's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. PLUG's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Plug Power SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	8	8	8	8	9	9	9	9	9	9	9	9	8	8	8	10	12	6	8	9	16	8	8	9	12	7	7	8	13	8
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$85.14M	$77.96M	-	$105.45M	$101.15M	$104.02M	$101.51M	$85.58M	$95.95M	$80.89M	$73.20M	$42.42M
Avg Forecast	$89.26M	$87.26M	$83.65M	$73.39M	$95.00M	$76.23M	$65.45M	$68.58M	$64.50M	$51.27M	$44.18M	$41.69M	$48.86M	$38.49M	$31.65M	$29.02M	$43.79M	$32.66M	$29.08M	$69.21M	$37.07M	$34.60M	$37.46M	$62.91M	$44.31M	$38.31M	$25.06M	$57.19M	$24.84M	$22.81M
High Forecast	$115.02M	$112.44M	$107.79M	$94.57M	$122.42M	$98.24M	$84.35M	$88.38M	$83.11M	$66.07M	$56.93M	$53.72M	$62.97M	$49.59M	$40.78M	$39.71M	$51.91M	$42.08M	$29.08M	$83.05M	$37.88M	$35.38M	$48.27M	$75.50M	$57.10M	$38.31M	$25.06M	$68.63M	$24.84M	$22.81M
Low Forecast	$63.68M	$62.25M	$59.68M	$52.36M	$67.78M	$54.39M	$46.70M	$48.93M	$46.02M	$36.58M	$31.52M	$29.74M	$34.86M	$27.46M	$22.58M	$22.78M	$29.07M	$23.30M	$29.08M	$55.36M	$36.60M	$33.82M	$26.73M	$50.33M	$31.61M	$38.31M	$25.06M	$45.76M	$24.84M	$22.81M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.93%	1.13%	-	3.05%	2.70%	1.65%	2.29%	2.23%	3.83%	1.41%	2.95%	1.86%

Plug Power's average Quarter SG&A projection for Sep 24 is $32.66M, based on 6 Wall Street analysts, with a range of $23.30M to $42.08M. The forecast indicates a -61.64% fall compared to PLUG last annual SG&A of $85.14M (Jun 24).

Plug Power EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	8	8	8	8	9	9	9	9	9	9	9	9	8	8	8	10	12	6	8	9	16	8	8	9	12	7	7	8	13	8
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.36	$-0.46	-	$-0.47	$-0.00	$-0.35	$-0.40	$-0.30	$-0.30	$-0.27	$-0.33	$-0.19
Avg Forecast	$0.02	$0.02	$0.01	$-0.01	$-0.00	$-0.03	$-0.06	$-0.07	$-0.09	$-0.10	$-0.11	$-0.12	$-0.14	$-0.14	$-0.16	$-0.17	$-0.22	$-0.24	$-0.31	$-0.33	$-0.37	$-0.31	$-0.27	$-0.27	$-0.25	$-0.24	$-0.21	$-0.16	$-0.11	$-0.08
High Forecast	$0.03	$0.02	$0.01	$-0.01	$-0.00	$-0.02	$-0.04	$-0.04	$-0.06	$-0.06	$-0.07	$-0.07	$-0.09	$-0.09	$-0.10	$-0.13	$-0.18	$-0.15	$-0.19	$-0.21	$-0.22	$-0.19	$-0.17	$-0.17	$-0.16	$-0.24	$-0.21	$-0.16	$-0.11	$-0.08
Low Forecast	$0.01	$0.01	$0.01	$-0.01	$-0.00	$-0.04	$-0.08	$-0.09	$-0.12	$-0.13	$-0.15	$-0.16	$-0.19	$-0.20	$-0.22	$-0.20	$-0.29	$-0.33	$-0.42	$-0.45	$-0.56	$-0.42	$-0.37	$-0.37	$-0.34	$-0.24	$-0.21	$-0.16	$-0.11	$-0.08
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.17%	1.40%	-	1.54%	0.00%	1.32%	1.62%	1.25%	1.45%	1.73%	2.88%	2.30%

According to undefined Wall Street analysts, Plug Power's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to PLUG previous annual EPS of $NaN (undefined).

Plug Power Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
MVST	Microvast	$0.59	$8.00	1255.93%	Buy
PLUG	Plug Power	$1.89	$20.83	1002.12%	Buy
FREY	FREYR Battery	$2.53	$19.00	650.99%	Buy
DFLI	Dragonfly Energy	$0.37	$1.32	256.76%	Buy
EOSE	Eos Energy Enterprises	$2.51	$6.00	139.04%	Buy
ENVX	Enovix	$9.10	$21.17	132.64%	Buy
BE	Bloom Energy	$23.94	$20.83	-12.99%	Buy
FCEL	FuelCell Energy	$7.92	$3.07	-61.24%	Hold

PLUG Forecast FAQ

Is Plug Power a good buy?

Yes, according to 17 Wall Street analysts, Plug Power (PLUG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 41.18% of PLUG's total ratings.

What is PLUG's price target?

Plug Power (PLUG) average price target is $20.83 with a range of $1.6 to $46, implying a 1002.12% from its last price of $1.89. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Plug Power stock go up soon?

According to Wall Street analysts' prediction for PLUG stock, the company can go up by 1002.12% (from the last price of $1.89 to the average price target of $20.83), up by 2333.86% based on the highest stock price target, and down by -15.34% based on the lowest stock price target.

Can Plug Power stock reach $3?

PLUG's average twelve months analyst stock price target of $20.83 supports the claim that Plug Power can reach $3 in the near future.

What is Plug Power's current price target trend?

5 Wall Street analysts forecast a $2.95 price target for Plug Power (PLUG) this month, up 56.08% from its last price of $1.89. Compared to the last 3 and 12 months, the average price target increased by 56.08% and increased by 51.32%, respectively.

What are Plug Power's analysts' financial forecasts?

Plug Power's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.94B (high $2.5B, low $1.38B), average EBITDA is $-725M (high $-517M, low $-934M), average net income is $-135M (high $-84.597M, low $-185M), average SG&A $305.27M (high $393.39M, low $217.8M), and average EPS is $-0.157 (high $-0.0985, low $-0.216). PLUG's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $2.12B (high $2.73B, low $1.51B), average EBITDA is $-792M (high $-565M, low $-1.021B), average net income is $34.25M (high $52.88M, low $15.72M), average SG&A $333.55M (high $429.83M, low $237.97M), and average EPS is $0.0399 (high $0.0616, low $0.0183).

Did the PLUG's actual financial results beat the analysts' financial forecasts?

Based on Plug Power's last annual report (Dec 2022), the company's revenue was $701.44M, which missed the average analysts forecast of $828.22M by -15.31%. Apple's EBITDA was $-590M, missing the average prediction of $-5.412B by -89.09%. The company's net income was $-724M, missing the average estimation of $-5.788B by -87.49%. Apple's SG&A was $363.93M, beating the average forecast of $164.88M by 120.72%. Lastly, the company's EPS was $-1.25, beating the average prediction of $-0.85 by 47.11%. In terms of the last quarterly report (Jun 2024), Plug Power's revenue was $143.35M, missing the average analysts' forecast of $184.54M by -22.32%. The company's EBITDA was $-213M, beating the average prediction of $-69.052M by 207.93%. Plug Power's net income was $-262M, missing the average estimation of $-265M by -0.83%. The company's SG&A was $85.14M, beating the average forecast of $29.08M by 192.79%. Lastly, the company's EPS was $-0.36, beating the average prediction of $-0.308 by 16.83%