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Plug Power (PLUG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PLUG Stock Forecast

Plug Power (PLUG) stock forecast, based on 38 Wall Street analysts, predicts a 12-month average price target of $2.47, with a high of $4.40 and a low of $1.50. This represents a -6.79% decline from the last price of $2.65.

High: $4.4 Avg: $2.47 Low: $1.5 Last Closed Price: $2.65

PLUG Stock Rating

Plug Power stock's rating consensus is Buy, based on 38 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 17 Buy (44.74%), 16 Hold (42.11%), 5 Sell (13.16%), and 0 Strong Sell (0.00%).

Buy
Total 38 5 16 17 0 Strong Sell Sell Hold Buy Strong Buy

PLUG Price Target Upside V Benchmarks

TypeNameUpside
StockPlug Power-6.79%
SectorIndustrials Stocks List85.82%
IndustryElectrical Equipment & Parts Stocks List-5.25%
IdeaElectric Vehicle Stocks List6.88%

Price Target Trends

1M3M12M
# Anlaysts2312
Avg Price Target$2.95$2.47$1.94
Last Closing Price$2.65$2.65$2.65
Upside/Downside11.32%-6.79%-26.79%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Oct, 2515114-21
Sep, 2515124-22
Aug, 2515134-23
Jul, 2524133224
Jun, 2524133224
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 16, 2025David ArcaroMorgan Stanley$1.50$3.73-59.79%-43.40%
Oct 09, 2025HSBC$4.40$3.7816.40%66.04%
Aug 14, 2025Michael BlumWells Fargo$1.50$1.68-10.71%-43.40%
Mar 05, 2025Truist Financial$1.50$1.69-11.24%-43.40%
Mar 05, 2025Susquehanna$1.80$1.696.51%-32.08%
Mar 05, 2025Piper Sandler$1.10$1.69-34.91%-58.49%
Mar 05, 2025Canaccord Genuity$1.25$1.69-26.04%-52.83%
Nov 15, 2024Dushyant AilaniJefferies$1.90$1.97-3.55%-28.30%
Nov 14, 2024Christopher Van HornB.Riley Financial$2.00$0.96108.33%-24.53%
Nov 13, 2024Ameet ThakkarBMO Capital$1.60$1.97-18.78%-39.62%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2025Morgan StanleyUnderweightUnderweighthold
Oct 13, 2025SusquehannaNeutralNeutralhold
Oct 09, 2025HSBCBuyBuyhold
Oct 03, 2025H.C. WainwrightBuyBuyhold
Aug 14, 2025Wells FargoPositivePositivehold
May 13, 2025Roth CapitalBuyBuyhold
Nov 15, 2024JefferiesHoldHoldhold
Nov 14, 2024Craig-HallumBuyBuyhold
Nov 14, 2024Craig-HallumBuyHolddowngrade
Nov 13, 2024BMO CapitalUnderperformUnderperformhold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-1.58$-0.82$-1.25$-2.30$-2.45----
Avg Forecast$-0.32$-0.57$-1.10$-1.58$-1.24$-0.62$-0.42$-0.26$-0.14
High Forecast$-0.21$-0.37$-0.78$-1.38$-0.69$-0.28$0.23$0.38$-0.09
Low Forecast$-0.43$-0.76$-1.98$-1.85$-1.40$-0.96$-0.86$-0.76$-0.27
Surprise %393.75%43.86%13.64%45.57%97.58%----

Revenue Forecast

$-500M $300M $1B $2B $3B $4B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-100.47M$502.34M$701.44M$891.34M$628.81M----
Avg Forecast$306.36M$497.13M$755.87M$915.59M$711.35M$918.06M$1.21B$1.71B$1.91B
High Forecast$388.26M$630.04M$1.22B$920.07M$764.07M$1.13B$1.26B$1.76B$3.41B
Low Forecast$222.48M$361.03M$586.55M$912.93M$639.56M$711.83M$1.16B$1.66B$1.40B
Surprise %-132.79%1.05%-7.20%-2.65%-11.60%----

Net Income Forecast

$-7B $-6B $-4B $-3B $-1B $500M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-561.68M$-459.96M$-724.01M$-1.37B$-2.10B----
Avg Forecast$-4.30B$-337.58M$-5.64B$-1.37B$-622.80M$-544.86M$-372.36M$-254.79M$-80.39M
High Forecast$-3.44B$-217.43M$-4.51B$-1.10B$-411.11M$-169.23M$135.50M$226.85M$-52.64M
Low Forecast$-5.16B$-454.91M$-6.76B$-1.64B$-834.49M$-570.39M$-514.88M$-453.69M$-162.78M
Surprise %-86.94%36.25%-87.15%-237.94%----

PLUG Forecast FAQ

Is Plug Power stock a buy?

Plug Power stock has a consensus rating of Buy, based on 38 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 17 Buy, 16 Hold, 5 Sell, and 0 Strong Sell, reflecting a consensus that Plug Power is a favorable investment for most analysts.

What is Plug Power's price target?

Plug Power's price target, set by 38 Wall Street analysts, averages $2.47 over the next 12 months. The price target range spans from $1.5 at the low end to $4.4 at the high end, suggesting a potential -6.79% change from the previous closing price of $2.65.

How does Plug Power stock forecast compare to its benchmarks?

Plug Power's stock forecast shows a -6.79% downside, underperforming the average forecast for the industrials stocks list sector (85.82%) and underperforming the electrical equipment & parts stocks list industry (-5.25%), trailing the Electric Vehicle Stocks List (6.88%) investment idea.

What is the breakdown of analyst ratings for Plug Power over the past three months?

  • October 2025: 4.76% Strong Buy, 23.81% Buy, 52.38% Hold, 19.05% Sell, 0% Strong Sell.
  • September 2025: 4.55% Strong Buy, 22.73% Buy, 54.55% Hold, 18.18% Sell, 0% Strong Sell.
  • August 2025: 4.35% Strong Buy, 21.74% Buy, 56.52% Hold, 17.39% Sell, 0% Strong Sell.

What is Plug Power’s EPS forecast?

Plug Power's average annual EPS forecast for its fiscal year ending in December 2025 is $-0.62, marking a -74.69% decrease from the reported $-2.45 in 2024. Estimates for the following years are $-0.42 in 2026, $-0.26 in 2027, and $-0.14 in 2028.

What is Plug Power’s revenue forecast?

Plug Power's average annual revenue forecast for its fiscal year ending in December 2025 is $918.06M, reflecting a 46.00% increase from the reported $628.81M in 2024. The forecast for 2026 is $1.21B, followed by $1.71B for 2027, and $1.91B for 2028.

What is Plug Power’s net income forecast?

Plug Power's net income forecast for the fiscal year ending in December 2025 stands at $-545M, representing a -74.11% decrease from the reported $-2.105B in 2024. Projections indicate $-372M in 2026, $-255M in 2027, and $-80.388M in 2028.

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