Plug Power Inc. (PLUG)
NASDAQ: PLUG · Real-Time Price · USD
2.060
-0.030 (-1.44%)
Sep 18, 2024, 11:23 AM EDT - Market open
Plug Power Stock Forecast
Stock Price Forecast
The 24 analysts with 12-month price forecasts for Plug Power stock have an average target of 5.40, with a low estimate of 2.00 and a high estimate of 18. The average target predicts an increase of 162.14% from the current stock price of 2.06.
Analyst Consensus: Hold
* Price targets were last updated on Aug 12, 2024.
Analyst Ratings
The average analyst rating for Plug Power stock from 26 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 6 | 6 | 6 | 6 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 15 | 14 | 14 | 14 | 14 | 14 |
| Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 26 | 26 | 26 | 26 | 26 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Maintains $3.5 → $2.5 | Hold | Maintains | $3.5 → $2.5 | +21.36% | Aug 12, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $3 → $2 | Hold | Maintains | $3 → $2 | -2.91% | Aug 12, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $3 → $2 | Hold | Maintains | $3 → $2 | -2.91% | Aug 12, 2024 |
| Canaccord Genuity | Canaccord Genuity | Hold Maintains $3 → $2.5 | Hold | Maintains | $3 → $2.5 | +21.36% | Aug 12, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $5 → $4 | Strong Buy | Maintains | $5 → $4 | +94.17% | Aug 9, 2024 |
Financial Forecast
Revenue This Year
847.70M
from 891.34M
Decreased by -4.90%
Revenue Next Year
1.24B
from 847.70M
Increased by 46.75%
EPS This Year
-1.20
from -2.30
EPS Next Year
-0.57
from -1.20
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 945.8M | 1.6B | 2.3B | ||
| Avg | 847.7M | 1.2B | 1.7B | ||
| Low | 663.1M | 756.6M | 923.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.1% | 92.3% | 86.8% | ||
| Avg | -4.9% | 46.8% | 36.7% | ||
| Low | -25.6% | -10.8% | -25.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.99 | -0.29 | -0.16 | ||
| Avg | -1.20 | -0.57 | -0.37 | ||
| Low | -1.33 | -0.91 | -0.75 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | ||
| Avg | - | - | - | ||
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.