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PLUG
Volume: 18.95M

Plug Power (PLUG) Stock Forecast & Price Target

Plug Power (PLUG) Analyst Ratings

Based on 11 analyst ratings
Hold
Strong Buy 18%
Buy 0%
Hold 45%
Sell 27%
Strong Sell 9%

Bulls say

Plug Power Inc. has experienced a stock increase of over 250% since May 2025, significantly outperforming the S&P 500, driven by favorable outcomes from the One Big, Beautiful Bill Act and strong execution in hydrogen production and electrolyzer deliveries. The company is projected to increase its gross margins from negative levels today to 4% by 2026 and exceed 20% by 2027-2028, supported by a robust revenue growth forecast that estimates net revenues will rise from $805 million in 2026 to $14 billion by 2036, reflecting a ten-year compound annual growth rate (CAGR) of 33%. Furthermore, Plug Power's diversified pipeline, coupled with enhanced customer traction in Europe influenced by supportive climate policies, positions the company to capitalize on emerging opportunities in material handling and other sectors, all while having delivered its first positive gross margin quarter since 2020.

Bears say

Plug Power Inc. faces significant challenges stemming from volatility in the renewable energy market, particularly as evidenced by the dramatic pricing swings in Germany's solar energy sector, which highlight the difficulties in balancing supply and demand. The company's latest operating expenses revealed a substantial impairment charge of $666.3 million, leading to a concerning financial outlook, particularly with equipment margins reflecting a loss of 2.5%, albeit improved from previous quarters. Additionally, the company must navigate the nascent hydrogen market, where costs and availability of hydrogen remain critical barriers to widespread adoption, along with potential delays in facility development that could necessitate further capital investments.

Plug Power (PLUG) has been analyzed by 11 analysts, with a consensus rating of Hold. 18% of analysts recommend a Strong Buy, 0% recommend Buy, 45% suggest Holding, 27% advise Selling, and 9% 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 Hold based on their latest research and market trends.

According to 11 analysts, Plug Power (PLUG) has a Hold consensus rating as of Mar 25, 2026. 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 $2.17, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $2.17, 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: 18.95M

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