
Plug Power (PLUG) Stock Forecast & Price Target
Plug Power (PLUG) Analyst Ratings
Bulls say
Plug Power is experiencing significant stock performance, with an increase of over 250% since May 15, 2025, notably outperforming the S&P 500's approximate 14% increase, driven by positive outcomes related to the One Big, Beautiful Bill Act (OBBBA), effective hydrogen production, and successful electrolyzer deliveries. The company's diverse pipeline and enhanced financial position are facilitating contract acquisitions, particularly in Europe, where demand for green hydrogen is rising due to supportive policies such as the Green Deal and RED III climate mandates. Additionally, strong expected growth in material handling revenue in 2026, coupled with accelerating global electrolyzer demand and strategic international partnerships, positions Plug Power favorably for future financial expansion.
Bears say
The financial analysis indicates a negative outlook for Plug Power's stock due to the volatility in the renewable energy market, particularly highlighted by events in Germany, where the balance of supply and demand has resulted in extreme pricing fluctuations. The company faces inherent risks tied to the nascent hydrogen market, such as high costs and availability of hydrogen, as well as potential delays in facility developments that could necessitate additional capital. Additionally, the aging US grid infrastructure presents further operational hurdles, while persistent short interest exceeding 30% signals a lack of confidence among investors regarding the company's near-term prospects.
This aggregate rating is based on analysts' research of Plug Power and is not a guaranteed prediction by Public.com or investment advice.
Plug Power (PLUG) Analyst Forecast & Price Prediction
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