Plug Power Inc. (PLUG)
NASDAQ: PLUG · Real-Time Price · USD
2.360
+0.100 (4.42%)
At close: Jan 16, 2026, 4:00 PM EST
2.250
-0.110 (-4.66%)
Pre-market: Jan 20, 2026, 4:22 AM EST
Plug Power Stock Forecast
Stock Price Forecast
The 14 analysts that cover Plug Power stock have a consensus rating of "Hold" and an average price target of $2.10, which forecasts a -11.02% decrease in the stock price over the next year. The lowest target is $0.50 and the highest is $7.00.
Price Target: $2.10 (-11.02%)
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 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 3 | 3 |
| Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Hold | 7 | 7 | 8 | 7 | 6 | 7 |
| Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 15 | 15 | 16 | 13 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy → Hold Downgrades $4 → $2 | Strong Buy → Hold | Downgrades | $4 → $2 | -15.25% | Jan 9, 2026 |
| Clear Street | Clear Street | Hold → Strong Buy Upgrades $3.5 → $3 | Hold → Strong Buy | Upgrades | $3.5 → $3 | +27.12% | Dec 31, 2025 |
| Canaccord Genuity | Canaccord Genuity | Hold Maintains $2.5 | Hold | Maintains | $2.5 | +5.93% | Nov 20, 2025 |
| Susquehanna | Susquehanna | Hold Maintains $3.5 → $2.5 | Hold | Maintains | $3.5 → $2.5 | +5.93% | Nov 17, 2025 |
| Canaccord Genuity | Canaccord Genuity | Hold Maintains $1.25 → $2.5 | Hold | Maintains | $1.25 → $2.5 | +5.93% | Nov 11, 2025 |
Financial Forecast
Revenue This Year
755.41M
from 628.81M
Increased by 20.13%
Revenue Next Year
935.72M
from 755.41M
Increased by 23.87%
EPS This Year
-0.79
from -2.68
EPS Next Year
-0.31
from -0.79
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 1.7B | 2.4B | ||||
| Avg | 755.4M | 935.7M | ||||
| Low | 678.5M | 767.0M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 165.6% | 214.3% | ||||
| Avg | 20.1% | 23.9% | ||||
| Low | 7.9% | 1.5% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | -0.58 | -0.24 | ||||
| Avg | -0.79 | -0.31 | ||||
| Low | -0.88 | -0.44 |
EPS Growth
| EPS Growth | 2025 | 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.