Plug Power Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Plug Power stock have an average target of 3.82, with a low estimate of 1.40 and a high estimate of 9.00. The average target predicts an increase of 97.86% from the current stock price of 1.93.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$1.40	$3.82	$2.50	$9.00
Change	-27.49%	+97.86%	+29.49%	+366.15%

Analyst Ratings

The average analyst rating for Plug Power stock from 21 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	6	6	6	6	6	6
Buy	2	2	2	2	2	1
Hold	14	14	14	14	15	10
Sell	3	3	3	3	3	3
Strong Sell	1	1	1	1	1	1
Total	26	26	26	26	27	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Amit Dayal HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Maintains $18 → $5	Strong Buy	Maintains	$18 → $5	+158.97%	Nov 18, 2024
George Gianarikas Canaccord Genuity	Canaccord Genuity	Hold Maintains $2.25 → $2	Hold	Maintains	$2.25 → $2	+3.59%	Nov 15, 2024
Eric Stine Craig-Hallum	Craig-Hallum	Strong Buy Maintains $4 → $3	Strong Buy	Maintains	$4 → $3	+55.38%	Nov 14, 2024
Michael Blum Wells Fargo	Wells Fargo	Hold Maintains $3 → $2	Hold	Maintains	$3 → $2	+3.59%	Nov 14, 2024
Kashy Harrison Piper Sandler	Piper Sandler	Sell Maintains $1.6 → $1.4	Sell	Maintains	$1.6 → $1.4	-27.49%	Nov 14, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

839.93M

from 891.34M

-5.77%

from 891.34M

Revenue Next Year

1.21B

from 839.93M

43.82%

from 839.93M

EPS This Year

-1.19

from -2.30

EPS Next Year

-0.58

from -1.19

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	229.98M	-93.24M	502.34M	701.44M	891.34M	839.93M	1.21B	1.68B
Revenue Growth	32.01%	-	-	39.63%	27.07%	-5.77%	43.82%	39.24%
EPS	-0.36	-1.68	-0.82	-1.25	-2.30	-1.19	-0.58	-0.35
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	31	30	23

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	1.2B	1.7B	2.4B
Avg	839.9M	1.2B	1.7B
Low	663.1M	756.6M	923.5M

Revenue Growth

Revenue Growth	2024	2025	2026
High	31.3%	98.8%	96.5%
Avg	-5.8%	43.8%	39.2%
Low	-25.6%	-9.9%	-23.6%

EPS Forecast

EPS	2024	2025	2026
High	-0.68	-0.41	-0.16
Avg	-1.19	-0.58	-0.35
Low	-1.33	-0.87	-0.72

EPS Growth

EPS Growth	2024	2025	2026
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.