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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, 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.

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 25, 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)


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