Plug Power Inc. (PLUG)
NASDAQ: PLUG · Real-Time Price · USD
3.880
-0.070 (-1.77%)
Jun 1, 2026, 12:45 PM EDT - Market open
Plug Power Stock Forecast
Stock Price Forecast
According to 20 analysts polled by S&P Global, Plug Power stock has a consensus rating of "Hold" and an average price target of $3.62. The average 1-year stock price forecast is 6.70% lower than the current stock price, while the lowest is $0.75 (-80.67%) and the highest is $7.00 (+80.41%).
Price Target: $3.62 (-6.70%)
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 5 | 5 | 5 | 5 | 5 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 12 | 13 | 13 | 12 | 12 | 12 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 4 | 3 | 3 | 3 | 3 | 3 |
| Total | 22 | 21 | 21 | 20 | 20 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Buy Maintains n/a | Buy | Maintains | n/a | n/a | May 21, 2026 |
| H.C. Wainwright | H.C. Wainwright | Buy Maintains $7 | Buy | Maintains | $7 | +80.41% | May 20, 2026 |
| Wells Fargo | Wells Fargo | Hold Reiterates $2 → $2.5 | Hold | Reiterates | $2 → $2.5 | -35.57% | May 19, 2026 |
| Susquehanna | Susquehanna | Hold Maintains $2.75 → $3.75 | Hold | Maintains | $2.75 → $3.75 | -3.35% | May 13, 2026 |
| BMO Capital | BMO Capital | Sell Maintains $1 → $1.2 | Sell | Maintains | $1 → $1.2 | -69.07% | May 12, 2026 |
Financial Forecast
Revenue This Year
901.83M
from 709.92M
Increased by 27.03%
Revenue Next Year
981.58M
from 901.83M
Increased by 8.84%
EPS This Year
-0.32
from -1.42
EPS Next Year
-0.19
from -0.32
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 2.4B | 1.2B | ||||||
| Avg | 901.8M | 981.6M | ||||||
| Low | 777.1M | 836.9M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 234.4% | 28.1% | ||||||
| Avg | 27.0% | 8.8% | ||||||
| Low | 9.5% | -7.2% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | -0.23 | -0.07 | ||||||
| Avg | -0.32 | -0.19 | ||||||
| Low | -0.56 | -0.29 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | - | - | ||||||
| Avg | - | - | ||||||
| Low | - | - |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.