Plug Power Inc. (PLUG)
 NASDAQ: PLUG · Real-Time Price · USD
 2.650
 -0.110 (-3.99%)
  At close: Oct 30, 2025, 4:00 PM EDT
2.670
 +0.020 (0.75%)
  After-hours: Oct 30, 2025, 7:59 PM EDT
Plug Power Stock Forecast
Stock Price Forecast
The 15 analysts that cover Plug Power stock have a consensus rating of "Hold" and an average price target of $2.29, which forecasts a -13.58% decrease in the stock price over the next year. The lowest target is $0.50 and the highest is $7.00.
Price Target: $2.29 (-13.58%)
Analyst Consensus: Hold
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 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | 
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 | 
| Buy | 1 | 1 | 1 | 1 | 1 | 1 | 
| Hold | 8 | 8 | 8 | 7 | 7 | 8 | 
| Sell | 3 | 3 | 3 | 3 | 3 | 3 | 
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 | 
| Total | 16 | 16 | 16 | 15 | 15 | 16 | 
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date | 
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Hold Maintains $1.8 → $3.5 | Hold | Maintains | $1.8 → $3.5 | +32.08% | Oct 13, 2025 | 
| Clear Street | Clear Street | Strong Buy → Hold Downgrades $3.5 | Strong Buy → Hold | Downgrades | $3.5 | +32.08% | Oct 8, 2025 | 
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $3 → $7 | Strong Buy | Maintains | $3 → $7 | +164.15% | Oct 3, 2025 | 
| Wells Fargo | Wells Fargo | Hold Maintains $1 → $1.5 | Hold | Maintains | $1 → $1.5 | -43.40% | Aug 14, 2025 | 
| BMO Capital | BMO Capital | Sell Maintains $1.1 → $1 | Sell | Maintains | $1.1 → $1 | -62.26% | Aug 12, 2025 | 
Financial Forecast
Revenue This Year
 762.00M 
 from 628.81M
 Increased by 21.18%
Revenue Next Year
 960.10M 
 from 762.00M
 Increased by 26.00%
EPS This Year
 -0.61 
 from -2.68
EPS Next Year
 -0.33 
 from -0.61
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 | 
|---|---|---|---|---|---|
| High | 1.7B | 2.4B | |||
| Avg | 762.0M | 960.1M | |||
| Low | 668.4M | 781.8M | 
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 | 
|---|---|---|---|---|---|
| High | 165.6% | 211.5% | |||
| Avg | 21.2% | 26.0% | |||
| Low | 6.3% | 2.6% | 
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 | 
|---|---|---|---|---|---|
| High | -0.42 | -0.25 | |||
| Avg | -0.61 | -0.33 | |||
| Low | -0.69 | -0.51 | 
EPS Growth
| EPS Growth | 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.