Plug Power Inc. (PLUG)
NASDAQ: PLUG · IEX Real-Time Price · USD
2.515
-0.405 (-13.87%)
At close: Jul 19, 2024, 4:00 PM
2.530
+0.015 (0.60%)
Pre-market: Jul 22, 2024, 5:43 AM EDT
Plug Power Stock Forecast
Stock Price Forecast
The 24 analysts with 12-month price forecasts for Plug Power stock have an average target of 5.68, with a low estimate of 2.00 and a high estimate of 18. The average target predicts an increase of 125.84% from the current stock price of 2.52.
Analyst Consensus: Hold
* Price targets were last updated on May 14, 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 5 | 6 | 6 | 6 |
| Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Hold | 16 | 16 | 15 | 14 | 14 | 14 |
| Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Total | 26 | 27 | 26 | 26 | 26 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $18 | Strong Buy | Reiterates | $18 | +615.71% | May 14, 2024 |
| Canaccord Genuity | Canaccord Genuity | Hold Maintains $4 → $3 | Hold | Maintains | $4 → $3 | +19.28% | May 13, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $7 → $5 | Strong Buy | Maintains | $7 → $5 | +98.81% | May 10, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $3 → $2.5 | Sell | Maintains | $3 → $2.5 | -0.60% | May 10, 2024 |
| Piper Sandler | Piper Sandler | Sell Maintains $2.9 → $2.5 | Sell | Maintains | $2.9 → $2.5 | -0.60% | May 10, 2024 |
Financial Forecast
Revenue This Year
941.36M
from 891.34M
Increased by 5.61%
Revenue Next Year
1.40B
from 941.36M
Increased by 49.15%
EPS This Year
-1.23
from -2.30
EPS Next Year
-0.60
from -1.23
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.1B | 2.3B | 2.6B | 4.3B | 4.8B |
| Avg | 941.4M | 1.4B | 1.9B | 3.2B | 3.5B |
| Low | 747.5M | 878.3M | 1.1B | 2.1B | 2.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.0% | 145.4% | 82.0% | 129.0% | 49.9% |
| Avg | 5.6% | 49.1% | 32.3% | 72.3% | 10.0% |
| Low | -16.1% | -6.7% | -23.6% | 14.7% | -21.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.91 | -0.36 | -0.06 | 0.42 | 0.82 |
| Avg | -1.23 | -0.60 | -0.41 | 0.15 | 0.31 |
| Low | -1.93 | -0.96 | -0.63 | -0.28 | 0.05 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | 441.4% |
| Avg | - | - | - | - | 104.0% |
| Low | - | - | - | - | -67.6% |
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.