
Plug Power (PLUG) Stock Forecast & Price Target
Plug Power (PLUG) Analyst Ratings
Bulls say
Plug Power is poised for significant growth with its electrolyzer business, which achieved over 60% growth in 2024 and is expected to maintain a similar trajectory in 2025, bolstered by a strong backlog. The company's strategic initiatives, including improvements in operational efficiency and cost management, are projected to enhance hydrogen sales and margins, particularly through developments in Louisiana. Additionally, operational cash flow demonstrated a substantial improvement, with a 25% quarter-over-quarter and 46% year-over-year increase for Q4, alongside a lower capital expenditure forecast, positioning Plug Power favorably for ongoing profitability and market expansion.
Bears say
Plug Power reported a 14% year-over-year decrease in net revenues, with 4Q24 net revenues of $191.5 million falling short of expectations and reflecting broader challenges in revenue generation. The company has revised its 2025 revenue guidance downward from $845 million to $702 million, citing anticipated cost-cutting measures that may hinder growth and concerns over an uncertain regulatory environment under the new Trump administration. Additional issues, including a significant warrant charge, delayed customer orders, and potential capital access problems, contribute to a negative outlook on Plug Power's long-term 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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