Plug Power (PLUG) Stock Forecast, Price Target & Predictions
PLUG Stock Forecast
Plug Power stock forecast is as follows: an average price target of $20.83 (represents a 984.90% upside from PLUG’s last price of $1.92) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
PLUG Price Target
The average price target for Plug Power (PLUG) is $20.83 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $46.00 to $1.60. This represents a potential 984.90% upside from PLUG's last price of $1.92.
PLUG Analyst Ratings
According to 17 Wall Street analysts, Plug Power's rating consensus is 'Buy'. The analyst rating breakdown for PLUG stock is 0 'Strong Buy' (0.00%), 7 'Buy' (41.18%), 7 'Hold' (41.18%), 3 'Sell' (17.65%), and 0 'Strong Sell' (0.00%).
Plug Power Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | Dushyant Ailani | Jefferies | $1.90 | $1.97 | -3.55% | -1.04% |
| Nov 14, 2024 | Christopher Van Horn | B.Riley Financial | $4.00 | $1.93 | 107.48% | 108.33% |
| Nov 13, 2024 | Ameet Thakkar | BMO Capital | $1.60 | $1.97 | -18.78% | -16.67% |
| Nov 12, 2024 | George Giankarikas | Canaccord Genuity | $2.25 | $1.91 | 17.80% | 17.19% |
| Nov 12, 2024 | Gregory Lewis | BTIG | $5.00 | $2.52 | 98.81% | 160.42% |
| Aug 12, 2024 | Jordan Levy | Truist Financial | $2.00 | $1.99 | 0.51% | 4.17% |
| Aug 12, 2024 | George Gianarikas | Canaccord Genuity | $2.50 | $1.97 | 26.90% | 30.21% |
| Aug 09, 2024 | Ameet Thakkar | BMO Capital | $1.80 | $1.99 | -9.32% | -6.25% |
| Jul 19, 2024 | Ameet Thakkar | BMO Capital | $2.25 | $2.52 | -10.54% | 17.19% |
| Jul 02, 2024 | Manav Gupta | UBS | $2.75 | $2.31 | 19.31% | 43.23% |
The latest Plug Power stock forecast, released on Nov 15, 2024 by Dushyant Ailani from Jefferies, set a price target of $1.90, which represents a -3.55% decrease from the stock price at the time of the forecast ($1.97), and a -1.04% decrease from PLUG last price ($1.92).
Plug Power Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 5 | 5 | 19 |
| Avg Price Target | $2.95 | $2.95 | $2.86 |
| Last Closing Price | $1.92 | $1.92 | $1.92 |
| Upside/Downside | 53.65% | 53.65% | 48.96% |
In the current month, the average price target of Plug Power stock is $2.95, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 53.65% increase as opposed to Plug Power's last price of $1.92. This month's average price target is down 0.00% compared to last quarter, and up 3.15% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 14, 2024 | Craig-Hallum | Buy | Hold | Downgrade |
| Nov 12, 2024 | Oppenheimer | Perform | Perform | Hold |
| Nov 12, 2024 | BTIG | Buy | Buy | Hold |
| Aug 09, 2024 | BMO Capital | Underperform | Underperform | Hold |
| Jul 22, 2024 | Susquehanna | Buy | Buy | Hold |
| Jul 22, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
| Jul 19, 2024 | Piper Sandler | Underweight | Underweight | Hold |
| Jul 19, 2024 | BMO Capital | Underperform | Underperform | Hold |
| Jul 02, 2024 | UBS | Neutral | Neutral | Hold |
| Jun 21, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
Plug Power's last stock rating was published by Craig-Hallum on Nov 14, 2024. The company Downgrade its PLUG rating from "Buy" to "Hold".
Plug Power Financial Forecast
Plug Power Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $143.35M | $120.26M | - | $198.71M | $260.18M | $210.29M | $220.74M | $188.63M | $151.27M | $140.80M | $161.91M | $143.92M |
| Avg Forecast | $566.44M | $553.75M | $530.82M | $465.72M | $602.88M | $483.78M | $415.38M | $435.23M | $409.30M | $325.37M | $280.35M | $264.57M | $310.09M | $244.23M | $200.82M | $184.17M | $277.92M | $207.25M | $184.54M | $157.34M | $235.22M | $219.57M | $237.72M | $205.48M | $281.21M | $243.14M | $159.04M | $144.83M | $157.65M | $144.78M |
| High Forecast | $729.94M | $713.58M | $684.04M | $600.15M | $776.89M | $623.42M | $535.27M | $560.85M | $527.45M | $419.29M | $361.27M | $340.93M | $399.59M | $314.72M | $258.79M | $251.99M | $329.42M | $267.07M | $184.54M | $157.66M | $240.37M | $224.49M | $306.33M | $264.80M | $362.37M | $243.14M | $159.04M | $144.83M | $157.65M | $144.78M |
| Low Forecast | $404.13M | $395.07M | $378.72M | $332.27M | $430.13M | $345.16M | $296.35M | $310.52M | $292.02M | $232.14M | $200.02M | $188.76M | $221.23M | $174.25M | $143.28M | $144.55M | $184.45M | $147.86M | $184.54M | $157.02M | $232.24M | $214.65M | $169.60M | $146.60M | $200.63M | $243.14M | $159.04M | $144.83M | $157.65M | $144.78M |
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 0.76% | - | 0.91% | 1.09% | 1.02% | 0.78% | 0.78% | 0.95% | 0.97% | 1.03% | 0.99% |
Plug Power's average Quarter revenue forecast for Sep 24 based on 6 analysts is $207.25M, with a low forecast of $147.86M, and a high forecast of $267.07M. PLUG's average Quarter revenue forecast represents a 44.57% increase compared to the company's last Quarter revenue of $143.35M (Jun 24).
Plug Power EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-212.63M | $-262.31M | - | $-273.97M | $-233.84M | $-177.66M | $-177.18M | $-142.13M | $-139.24M | $-131.76M | $-187.41M | $-94.77M |
| Avg Forecast | $-211.95M | $-207.20M | $-198.62M | $-174.27M | $-225.59M | $-181.02M | $-155.43M | $-162.85M | $-153.15M | $-121.75M | $-104.90M | $-99.00M | $-116.03M | $-91.39M | $-75.14M | $-68.91M | $-103.99M | $-77.55M | $-69.05M | $-119.97M | $-88.02M | $-82.16M | $-88.95M | $-109.06M | $-5.17B | $-87.03M | $-56.93M | $-99.15M | $-56.43M | $-51.83M |
| High Forecast | $-151.22M | $-147.83M | $-141.71M | $-124.33M | $-160.94M | $-129.15M | $-110.89M | $-116.19M | $-109.27M | $-86.86M | $-74.84M | $-70.63M | $-82.78M | $-65.20M | $-53.61M | $-54.09M | $-69.02M | $-55.33M | $-69.05M | $-95.97M | $-86.90M | $-80.32M | $-63.46M | $-87.25M | $-4.14B | $-87.03M | $-56.93M | $-79.32M | $-56.43M | $-51.83M |
| Low Forecast | $-273.13M | $-267.01M | $-255.95M | $-224.57M | $-290.70M | $-233.27M | $-200.29M | $-209.86M | $-197.36M | $-156.89M | $-135.18M | $-127.57M | $-149.52M | $-117.76M | $-96.83M | $-94.29M | $-123.26M | $-99.93M | $-69.05M | $-143.96M | $-89.94M | $-84.00M | $-114.62M | $-130.87M | $-6.20B | $-87.03M | $-56.93M | $-118.98M | $-56.43M | $-51.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.08% | 2.19% | - | 3.33% | 2.63% | 1.63% | 0.03% | 1.63% | 2.45% | 1.33% | 3.32% | 1.83% |
undefined analysts predict PLUG's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Plug Power's previous annual EBITDA (undefined) of $NaN.
Plug Power Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-262.33M | $-295.78M | - | $-283.48M | $-236.40M | $-206.56M | $-223.47M | $-170.76M | $-173.30M | $-156.49M | $-192.91M | $-106.67M |
| Avg Forecast | $19.31M | $15.11M | $7.55M | $-7.73M | $-1.93M | $-25.84M | $-50.52M | $-56.53M | $-77.21M | $-82.72M | $-92.03M | $-102.08M | $-117.80M | $-123.49M | $-135.67M | $-147.55M | $-191.09M | $-208.46M | $-264.53M | $-133.89M | $-315.68M | $-262.10M | $-228.62M | $-121.71M | $-5.35B | $-176.49M | $-152.14M | $-110.65M | $-84.49M | $-60.75M |
| High Forecast | $26.56M | $20.78M | $10.39M | $-4.85M | $-1.21M | $-16.21M | $-31.70M | $-35.47M | $-48.45M | $-51.90M | $-57.74M | $-64.05M | $-73.92M | $-77.49M | $-85.13M | $-110.66M | $-156.35M | $-130.81M | $-165.99M | $-107.11M | $-186.02M | $-164.46M | $-143.45M | $-97.37M | $-4.28B | $-176.49M | $-152.14M | $-88.52M | $-84.49M | $-60.75M |
| Low Forecast | $12.12M | $9.48M | $4.74M | $-10.63M | $-2.66M | $-35.53M | $-69.48M | $-77.74M | $-106.18M | $-113.75M | $-126.55M | $-140.38M | $-162.00M | $-169.83M | $-186.57M | $-175.22M | $-251.89M | $-286.69M | $-363.79M | $-160.66M | $-484.79M | $-360.45M | $-314.40M | $-146.06M | $-6.42B | $-176.49M | $-152.14M | $-132.78M | $-84.49M | $-60.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 2.21% | - | 1.08% | 1.03% | 1.70% | 0.04% | 0.97% | 1.14% | 1.41% | 2.28% | 1.76% |
Plug Power's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. PLUG's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Plug Power SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $85.14M | $77.96M | - | $105.45M | $101.15M | $104.02M | $101.51M | $85.58M | $95.95M | $80.89M | $73.20M | $42.42M |
| Avg Forecast | $89.26M | $87.26M | $83.65M | $73.39M | $95.00M | $76.23M | $65.45M | $68.58M | $64.50M | $51.27M | $44.18M | $41.69M | $48.86M | $38.49M | $31.65M | $29.02M | $43.79M | $32.66M | $29.08M | $69.21M | $37.07M | $34.60M | $37.46M | $62.91M | $44.31M | $38.31M | $25.06M | $57.19M | $24.84M | $22.81M |
| High Forecast | $115.02M | $112.44M | $107.79M | $94.57M | $122.42M | $98.24M | $84.35M | $88.38M | $83.11M | $66.07M | $56.93M | $53.72M | $62.97M | $49.59M | $40.78M | $39.71M | $51.91M | $42.08M | $29.08M | $83.05M | $37.88M | $35.38M | $48.27M | $75.50M | $57.10M | $38.31M | $25.06M | $68.63M | $24.84M | $22.81M |
| Low Forecast | $63.68M | $62.25M | $59.68M | $52.36M | $67.78M | $54.39M | $46.70M | $48.93M | $46.02M | $36.58M | $31.52M | $29.74M | $34.86M | $27.46M | $22.58M | $22.78M | $29.07M | $23.30M | $29.08M | $55.36M | $36.60M | $33.82M | $26.73M | $50.33M | $31.61M | $38.31M | $25.06M | $45.76M | $24.84M | $22.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.93% | 1.13% | - | 3.05% | 2.70% | 1.65% | 2.29% | 2.23% | 3.83% | 1.41% | 2.95% | 1.86% |
Plug Power's average Quarter SG&A projection for Sep 24 is $32.66M, based on 6 Wall Street analysts, with a range of $23.30M to $42.08M. The forecast indicates a -61.64% fall compared to PLUG last annual SG&A of $85.14M (Jun 24).
Plug Power EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 12 | 6 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.36 | $-0.46 | - | $-0.47 | $-0.00 | $-0.35 | $-0.40 | $-0.30 | $-0.30 | $-0.27 | $-0.33 | $-0.19 |
| Avg Forecast | $0.02 | $0.02 | $0.01 | $-0.01 | $-0.00 | $-0.03 | $-0.06 | $-0.07 | $-0.09 | $-0.10 | $-0.11 | $-0.12 | $-0.14 | $-0.14 | $-0.16 | $-0.17 | $-0.22 | $-0.24 | $-0.31 | $-0.33 | $-0.37 | $-0.31 | $-0.27 | $-0.27 | $-0.25 | $-0.24 | $-0.21 | $-0.16 | $-0.11 | $-0.08 |
| High Forecast | $0.03 | $0.02 | $0.01 | $-0.01 | $-0.00 | $-0.02 | $-0.04 | $-0.04 | $-0.06 | $-0.06 | $-0.07 | $-0.07 | $-0.09 | $-0.09 | $-0.10 | $-0.13 | $-0.18 | $-0.15 | $-0.19 | $-0.21 | $-0.22 | $-0.19 | $-0.17 | $-0.17 | $-0.16 | $-0.24 | $-0.21 | $-0.16 | $-0.11 | $-0.08 |
| Low Forecast | $0.01 | $0.01 | $0.01 | $-0.01 | $-0.00 | $-0.04 | $-0.08 | $-0.09 | $-0.12 | $-0.13 | $-0.15 | $-0.16 | $-0.19 | $-0.20 | $-0.22 | $-0.20 | $-0.29 | $-0.33 | $-0.42 | $-0.45 | $-0.56 | $-0.42 | $-0.37 | $-0.37 | $-0.34 | $-0.24 | $-0.21 | $-0.16 | $-0.11 | $-0.08 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.40% | - | 1.54% | 0.00% | 1.32% | 1.62% | 1.25% | 1.45% | 1.73% | 2.88% | 2.30% |
According to undefined Wall Street analysts, Plug Power's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to PLUG previous annual EPS of $NaN (undefined).