
Plug Power (PLUG) Stock Forecast & Price Target
Plug Power (PLUG) Analyst Ratings
Bulls say
Plug Power's stock outlook is positively influenced by robust growth in its electrolyzer business, which exceeded 60% in 2024 and is expected to maintain a similar trajectory in 2025, spurred by a strong backlog. Additionally, the company's strategic measures to manage expenses anticipated to lead to improved operational cash flow, with a 34% year-over-year improvement for 2024 and significant reductions in capital expenditures. With a projected revenue guidance of $125 million to $140 million for the first quarter of 2025, reflecting a 10% year-over-year growth at the midpoint, Plug Power appears well-positioned for continued financial expansion.
Bears say
Plug Power reported a 14% year-over-year decrease in net revenues for 4Q24, amounting to $191.5 million, falling short of expectations by a significant margin. Additionally, the company has revised its 2025 revenue guidance downward from $845 million to $702 million, reflecting concerns over growth due to cost-cutting measures and a challenging regulatory landscape. The financial outlook is further compromised by potential delays in new orders and challenges in securing adequate capital, leading to uncertainties regarding profitability and cash flow.
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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