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PLUG
Volume: 55.84M
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Plug Power (PLUG) Stock Forecast & Price Target

Plug Power (PLUG) Analyst Ratings

Based on 36 analyst ratings
Buy
Strong Buy 31%
Buy 22%
Hold 31%
Sell 11%
Strong Sell 6%

Bulls say

Plug Power is experiencing significant growth in its electrolyzer business, with over 60% growth in 2024 and expectations for similar growth rates into 2025, driven by a strong backlog. The company's initiatives, including Project Quantum Leap, are anticipated to further improve operational efficiencies, resulting in enhanced margins and reduced cash burn moving forward. Additionally, the forecasted revenue for Q1 2025 shows a solid projection of $125 million to $140 million, indicating a year-over-year growth of 10% at the midpoint, supported by a diverse customer base and expansion in multiple end markets.

Bears say

Plug Power reported a significant decline in net revenues for 4Q24, totaling $191.5 million, marking a 14% year-over-year decrease from $222.2 million in 4Q23, which missed both previous expectations and revenue guidance. The company has lowered its revenue outlook for FY2025 from $845 million to $702 million, indicating challenges in generating sustainable growth amidst cost-cutting measures and an uncertain regulatory landscape under the administration. Moreover, operational setbacks, including delayed product shipments and dependency on client financial stability, raise concerns about the company’s ability to maintain profitability and positive cash flow moving forward.

Plug Power (PLUG) has been analyzed by 36 analysts, with a consensus rating of Buy. 31% of analysts recommend a Strong Buy, 22% recommend Buy, 31% suggest Holding, 11% advise Selling, and 6% 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 Buy based on their latest research and market trends.

According to 36 analysts, Plug Power (PLUG) has a Buy consensus rating as of Aug 2, 2025. 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 $12.92, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $12.92, 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: 55.84M

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