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PLUG
Volume: 68.11M
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Plug Power (PLUG) Stock Forecast & Price Target

Plug Power (PLUG) Analyst Ratings

Based on 36 analyst ratings
Buy
Strong Buy 31%
Buy 22%
Hold 31%
Sell 11%
Strong Sell 6%

Bulls say

Plug Power is experiencing significant growth in its electrolyzer business, which expanded over 60% in 2024 and is projected to maintain a similar growth trajectory in 2025, fueled by a strong backlog and the anticipated contributions from its Louisiana operations. The company is strategically managing expenses, with measures such as price increases and production cost improvements expected to enhance operational efficiencies and margin expansion. Additionally, Plug Power reported a notable improvement in operating cash flow, with an increase of 34% year-over-year for 2024 and a capex reduction of 52% compared to 2023, further bolstering its positive financial outlook.

Bears say

Plug Power's 4Q24 results revealed a significant revenue decline, with net revenues of $191.5 million representing a 14% year-over-year decrease from $222.2 million in 4Q23, and falling short of the expected $265.2 million. Additionally, revenue projections for 2025 have been revised downward from $845 million to $702 million, contributing to concerns about the company's ability to sustain growth amidst current cost-cutting measures and an uncertain regulatory environment under the new administration. The company's reliance on adequate capital accessibility and potential delays in new orders further poses risks to Plug Power's profitability and cash flow, reinforcing a negative outlook on its financial prospects.

Plug Power (PLUG) has been analyzed by 36 analysts, with a consensus rating of Buy. 31% of analysts recommend a Strong Buy, 22% recommend Buy, 31% suggest Holding, 11% advise Selling, and 6% predict a Strong Sell.

This aggregate rating is based on analysts' research of Plug Power and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Plug Power (PLUG) Forecast

Analysts have given Plug Power (PLUG) a Buy based on their latest research and market trends.

According to 36 analysts, Plug Power (PLUG) has a Buy consensus rating as of Jul 24, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $12.90, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $12.90, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Plug Power (PLUG)

Volume: 68.11M

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