Plug Power Inc. (PLUG)

Plug Power Stock Forecast

Stock Price Forecast

The 23 analysts with 12-month price forecasts for Plug Power stock have an average target of 6.20, with a low estimate of 2.00 and a high estimate of 27. The average target predicts an increase of 157.26% from the current stock price of 2.41.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$2.00	$6.20	$4.75	$27
Change	-17.01%	+157.26%	+97.10%	+1020.3%

Analyst Ratings

The average analyst rating for Plug Power stock from 25 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	4	5	7	6	6	5
Buy	3	3	1	1	2	2
Hold	15	14	13	16	16	14
Sell	0	2	3	3	3	3
Strong Sell	0	0	0	0	0	1
Total	22	24	24	26	27	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vikram Bagri Citigroup	Citigroup	Hold → Strong Sell Downgrades $3.25 → $2	Hold → Strong Sell	Downgrades	$3.25 → $2	-17.01%	Apr 5, 2024
Samantha Hoh HSBC	HSBC	Strong Buy Maintains $9 → $8.5	Strong Buy	Maintains	$9 → $8.5	+252.70%	Mar 5, 2024
Kashy Harrison Piper Sandler	Piper Sandler	Sell Maintains $2.8 → $2.9	Sell	Maintains	$2.8 → $2.9	+20.33%	Mar 5, 2024
James West Evercore ISI Group	Evercore ISI Group	Buy Maintains $9 → $6	Buy	Maintains	$9 → $6	+148.96%	Mar 4, 2024
Eric Stine Craig-Hallum	Craig-Hallum	Strong Buy Maintains $6 → $5	Strong Buy	Maintains	$6 → $5	+107.47%	Mar 4, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.03B

Increased by 15.89%

from 891.34M

Revenue Next Year

1.58B

Increased by 52.86%

from 1.03B

EPS This Year

-1.03

from -2.30

EPS Next Year

-0.57

from -1.03

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	229.98M	-93.24M	502.34M	701.44M	891.34M	1.03B	1.58B	1.98B	4.81B	6.01B
Revenue Growth	32.01%	-	-	39.63%	27.07%	15.89%	52.86%	25.59%	142.56%	24.93%
EPS	-0.36	-1.68	-0.82	-1.25	-2.30	-1.03	-0.57	-0.29	0.70	0.85
EPS Growth	-	-	-	-	-	-	-	-	-	21.53%
No. Analysts	-	-	-	-	-	30	29	18	8	6

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.2B	2.9B	2.6B	6.5B	8.0B
Avg	1.0B	1.6B	2.0B	4.8B	6.0B
Low	750.2M	875.3M	1.1B	3.5B	4.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	39.5%	177.0%	61.8%	226.4%	65.3%
Avg	15.9%	52.9%	25.6%	142.6%	24.9%
Low	-15.8%	-15.3%	-32.5%	78.4%	-14.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	-0.68	-0.16	1.06	2.35	1.10
Avg	-1.03	-0.57	-0.29	0.70	0.85
Low	-1.38	-0.96	-0.69	0.14	0.61

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	-	-	-	57.8%
Avg	-	-	-	-	21.5%
Low	-	-	-	-	-13.0%

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.