Plug Power Inc. (PLUG)
NASDAQ: PLUG · IEX Real-Time Price · USD
3.070
+0.140 (4.78%)
Jul 12, 2024, 4:00 PM EDT - Market closed

Plug Power Stock Forecast

Stock Price Forecast

The 24 analysts with 12-month price forecasts for Plug Power stock have an average target of 5.68, with a low estimate of 2.00 and a high estimate of 18. The average target predicts an increase of 85.02% from the current stock price of 3.07.

Analyst Consensus: Hold
Target Low Average Median High
Price $2.00 $5.68 $5.00 $18
Change -34.85% +85.02% +62.87% +486.32%
* Price targets were last updated on May 14, 2024.

Analyst Ratings

The average analyst rating for Plug Power stock from 26 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 665666
Buy 122222
Hold 161615141414
Sell 333333
Strong Sell 001111
Total 262726262626

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$18
Strong Buy Reiterates $18 +486.32% May 14, 2024
Canaccord Genuity
Canaccord Genuity
Hold
Maintains
$4$3
Hold Maintains $4$3 -2.28% May 13, 2024
TD Cowen
TD Cowen
Strong Buy
Maintains
$7$5
Strong Buy Maintains $7$5 +62.87% May 10, 2024
Morgan Stanley
Morgan Stanley
Sell
Maintains
$3$2.5
Sell Maintains $3$2.5 -18.57% May 10, 2024
Piper Sandler
Piper Sandler
Sell
Maintains
$2.9$2.5
Sell Maintains $2.9$2.5 -18.57% May 10, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
941.36M
from 891.34M
Increased by 5.61%
Revenue Next Year
1.40B
from 941.36M
Increased by 49.15%
EPS This Year
-1.23
from -2.30
EPS Next Year
-0.60
from -1.23
Year 2019202020212022202320242025202620272028
Revenue
229.98M-93.24M502.34M701.44M891.34M941.36M1.40B1.86B3.20B3.52B
Revenue Growth
32.01%--39.63%27.07%5.61%49.15%32.34%72.34%10.02%
EPS
-0.36-1.68-0.82-1.25-2.30-1.23-0.60-0.410.150.31
EPS Growth
---------103.98%
Forward PE
--------20.309.95
No. Analysts -----31302186
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 1.1B 2.3B 2.6B 4.3B 4.8B
Avg 941.4M 1.4B 1.9B 3.2B 3.5B
Low 747.5M 878.3M 1.1B 2.1B 2.5B

Revenue Growth

Revenue Growth 20242025202620272028
High
22.0%
145.4%
82.0%
129.0%
49.9%
Avg
5.6%
49.1%
32.3%
72.3%
10.0%
Low
-16.1%
-6.7%
-23.6%
14.7%
-21.5%

EPS Forecast

EPS 20242025202620272028
High -0.91 -0.36 -0.06 0.42 0.82
Avg -1.23 -0.60 -0.41 0.15 0.31
Low -1.93 -0.96 -0.63 -0.28 0.05

EPS Growth

EPS Growth 20242025202620272028
High - - - -
441.4%
Avg - - - -
104.0%
Low - - - -
-67.6%
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.