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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'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.

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 Jul 10, 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 $12.88, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $12.88, 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)


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