Plug Power Inc. (PLUG)

Plug Power Stock Forecast

Stock Price Forecast

The 13 analysts that cover Plug Power stock have a consensus rating of "Hold" and an average price target of $2.09, which forecasts a -1.42% decrease in the stock price over the next year. The lowest target is $0.50 and the highest is $7.00.

Price Target: $2.09 (-1.42%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$0.50	$2.09	$1.80	$7.00
Change	-76.42%	-1.42%	-15.09%	+230.19%

Analyst Ratings

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

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	3	2	3	3	3	2
Buy	1	0	0	0	0	0
Hold	8	7	6	7	7	7
Sell	3	3	3	3	3	3
Strong Sell	1	1	1	1	1	1
Total	16	13	13	14	14	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Julien Dumoulin-Smith Jefferies	Jefferies	Hold Maintains $2 → $1.8	Hold	Maintains	$2 → $1.8	-15.09%	Mar 9, 2026
Michael Blum Wells Fargo	Wells Fargo	Hold Maintains $1.5 → $2	Hold	Maintains	$1.5 → $2	-5.66%	Mar 4, 2026
Amit Dayal HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $7	Strong Buy	Reiterates	$7	+230.19%	Mar 3, 2026
Jeffrey Osborne TD Cowen	TD Cowen	Strong Buy → Hold Downgrades $4 → $2	Strong Buy → Hold	Downgrades	$4 → $2	-5.66%	Jan 9, 2026
Tim Moore Clear Street	Clear Street	Hold → Strong Buy Upgrades $3.5 → $3	Hold → Strong Buy	Upgrades	$3.5 → $3	+41.51%	Dec 31, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

938.31M

Increased by 32.17%

from 709.92M

Revenue Next Year

1.08B

Increased by 14.99%

from 938.31M

EPS This Year

-0.31

from -1.42

EPS Next Year

-0.21

from -0.31

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	502.34M	701.44M	891.34M	628.81M	709.92M	938.31M	1.08B
Revenue Growth	-	39.63%	27.07%	-29.45%	12.90%	32.17%	14.99%
EPS	-0.82	-1.25	-2.30	-2.68	-1.42	-0.31	-0.21
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	26	21

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	2.4B	1.3B
Avg	938.3M	1.1B
Low	767.0M	853.2M

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	234.4%	36.3%
Avg	32.2%	15.0%
Low	8.0%	-9.1%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	-0.24	-0.11
Avg	-0.31	-0.21
Low	-0.44	-0.38

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
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.