Plug Power Inc. (PLUG)
NASDAQ: PLUG · Real-Time Price · USD
2.560
+0.260 (11.30%)
At close: Dec 20, 2024, 4:00 PM
2.530
-0.030 (-1.17%)
After-hours: Dec 20, 2024, 7:59 PM EST
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 49.22% from the current stock price of 2.56.
Analyst Consensus: Hold
* Price targets were last updated on Nov 18, 2024.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Hold | 14 | 14 | 14 | 15 | 10 | 10 |
| Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 26 | 26 | 26 | 27 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $18 → $5 | Strong Buy | Maintains | $18 → $5 | +95.31% | Nov 18, 2024 |
| Canaccord Genuity | Canaccord Genuity | Hold Maintains $2.25 → $2 | Hold | Maintains | $2.25 → $2 | -21.88% | Nov 15, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $4 → $3 | Strong Buy | Maintains | $4 → $3 | +17.19% | Nov 14, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $3 → $2 | Hold | Maintains | $3 → $2 | -21.88% | Nov 14, 2024 |
| Piper Sandler | Piper Sandler | Sell Maintains $1.6 → $1.4 | Sell | Maintains | $1.6 → $1.4 | -45.31% | Nov 14, 2024 |
Financial Forecast
Revenue This Year
720.51M
from 891.34M
Decreased by -19.17%
Revenue Next Year
915.89M
from 720.51M
Increased by 27.12%
EPS This Year
-1.25
from -2.30
EPS Next Year
-0.63
from -1.25
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 791.3M | 1.2B | 1.7B | |||
| Avg | 720.5M | 915.9M | 1.2B | |||
| Low | 618.2M | 662.3M | 801.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -11.2% | 64.1% | 87.9% | |||
| Avg | -19.2% | 27.1% | 32.9% | |||
| Low | -30.6% | -8.1% | -12.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -1.00 | -0.40 | -0.25 | |||
| Avg | -1.25 | -0.63 | -0.42 | |||
| Low | -1.33 | -0.89 | -0.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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.