Plug Power Stock Forecast

Stock Price Forecast

The 11 analysts that cover Plug Power stock have a consensus rating of "Hold" and an average price target of $2.27, which forecasts a -29.50% decrease in the stock price over the next year. The lowest target is $0.50 and the highest is $7.00.

Price Target: $2.27 (-29.50%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$0.50	$2.27	$2.00	$7.00
Change	-84.47%	-29.50%	-37.89%	+117.39%

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	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	2	3	3	3	2	2
Buy	0	0	0	0	0	0
Hold	7	6	7	7	7	6
Sell	3	3	3	3	3	3
Strong Sell	1	1	1	1	1	0
Total	13	13	14	14	13	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Biju Perincheril Susquehanna	Susquehanna	Hold Maintains $2.5 → $2.75	Hold	Maintains	$2.5 → $2.75	-14.60%	Apr 9, 2026
Julien Dumoulin-Smith Jefferies	Jefferies	Hold Maintains $2 → $1.8	Hold	Maintains	$2 → $1.8	-44.10%	Mar 9, 2026
Michael Blum Wells Fargo	Wells Fargo	Hold Maintains $1.5 → $2	Hold	Maintains	$1.5 → $2	-37.89%	Mar 4, 2026
Amit Dayal HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $7	Strong Buy	Reiterates	$7	+117.39%	Mar 3, 2026
Jeffrey Osborne TD Cowen	TD Cowen	Strong Buy → Hold Downgrades $4 → $2	Strong Buy → Hold	Downgrades	$4 → $2	-37.89%	Jan 9, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

899.23M

from 709.92M

26.67%

from 709.92M

Revenue Next Year

972.02M

from 899.23M

8.09%

from 899.23M

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	899.23M	972.02M
Revenue Growth	-	39.63%	27.07%	-29.45%	12.90%	26.67%	8.09%
EPS	-0.82	-1.25	-2.30	-2.68	-1.42	-0.31	-0.21
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	25	23

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

Revenue Forecast

Revenue	2026	2027
High	2.4B	1.2B
Avg	899.2M	972.0M
Low	767.8M	836.9M

Revenue Growth

Revenue Growth	2026	2027
High	234.4%	28.4%
Avg	26.7%	8.1%
Low	8.1%	-6.9%

EPS Forecast

EPS	2026	2027
High	-0.20	-0.05
Avg	-0.31	-0.21
Low	-0.56	-0.45

EPS Growth

EPS Growth	2026	2027
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.