
Plug Power (PLUG) Stock Forecast & Price Target
Plug Power (PLUG) Analyst Ratings
Bulls say
Plug Power is experiencing significant growth in its electrolyzer business, which exceeded 60% in 2024 and is projected to maintain a similar trajectory into 2025, supported by a substantial backlog. The company's strategic initiatives, including Project Quantum Leap and various cost optimization measures, are expected to drive further improvements in operating cash flow, which saw a remarkable increase of 34% year-over-year in 2024, alongside a notable reduction in capital expenditures of 52% compared to 2023. Furthermore, the forecast for first-quarter 2025 revenue indicates a strong performance, with guidance suggesting $125 million to $140 million, reflecting a 10% year-over-year growth at the midpoint, driven by diversification in customer bases and robust demand across its key market segments.
Bears say
Plug Power reported a 14% year-over-year decrease in net revenues for the fourth quarter of 2024, amounting to $191.5 million, which was significantly lower than the expected $265.2 million. The company's revenue guidance for fiscal year 2025 has been lowered to $702 million from a previous estimate of $845 million, reflecting concerns over cost-cutting measures potentially hindering near-to-mid-term growth. Additionally, project funding challenges and an uncertain regulatory environment could adversely affect future profitability and cash flow, contributing to a negative outlook for the company.
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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