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Plug Power (PLUG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PLUG Stock Forecast

Plug Power (PLUG) stock forecast, based on 38 Wall Street analysts, predicts a 12-month average price target of $3.78, with a high of $7.00 and a low of $1.00. This represents a 71.04% increase from the last price of $2.21.

$1 $2 $3 $4 $5 $6 $7 High: $7 Avg: $3.78 Low: $1 Last Closed Price: $2.21

PLUG Stock Rating

Plug Power stock's rating consensus is Buy, based on 38 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 17 Buy (44.74%), 16 Hold (42.11%), 5 Sell (13.16%), and 0 Strong Sell (0.00%).

Buy
Total 38 5 16 17 0 Strong Sell Sell Hold Buy Strong Buy

PLUG Price Target Upside V Benchmarks

TypeNameUpside
StockPlug Power71.04%
SectorIndustrials Stocks 17.81%
IndustryElectrical Equipment Stocks17.67%
IdeaElectric Vehicle Stocks List27.02%

Price Target Trends

1M3M12M
# Anlaysts227
Avg Price Target$1.40$1.40$3.46
Last Closing Price$2.21$2.21$2.21
Upside/Downside-36.65%-36.65%56.56%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Mar, 26-5133-21
Feb, 26-5133-21
Jan, 26-6124-22
Dec, 25-6124-22
Nov, 2515114-21
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Mar 09, 2026Julian Dumoulin-SmithJefferies$1.80$2.13-15.49%-18.55%
Mar 03, 2026Ameet ThakkarBMO Capital$1.00$1.81-44.75%-54.75%
Nov 24, 2025Canaccord Genuity$7.00$1.98253.54%216.74%
Oct 16, 2025David ArcaroMorgan Stanley$1.50$3.73-59.79%-32.13%
Oct 09, 2025HSBC$4.40$3.7816.40%99.10%
Aug 14, 2025Michael BlumWells Fargo$1.50$1.68-10.71%-32.13%
Mar 05, 2025Truist Financial$1.50$1.69-11.24%-32.13%
Mar 05, 2025Susquehanna$1.80$1.696.51%-18.55%
Nov 15, 2024Dushyant AilaniJefferies$1.90$1.97-3.55%-14.03%
Nov 14, 2024Christopher Van HornB.Riley Financial$2.00$0.96108.33%-9.50%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Mar 09, 2026JefferiesHoldHoldhold
Mar 03, 2026OppenheimerPerformPerformhold
Mar 03, 2026BTIGNeutralNeutralhold
Mar 03, 2026BMO CapitalUnderperformUnderperformhold
Jan 09, 2026Cowen & Co.BuyHolddowngrade
Nov 24, 2025H.C. WainwrightBuyBuyhold
Nov 19, 2025Cowen & Co.BuyBuyhold
Oct 16, 2025Morgan StanleyUnderweightUnderweighthold
Oct 13, 2025SusquehannaNeutralNeutralhold
Oct 09, 2025HSBCBuyBuyhold

Financial Forecast

EPS Forecast

Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.82$-1.25$-2.30$-2.45----
Avg Forecast$-0.57$-1.10$-1.58$-1.24$-0.63$-0.43$-0.34$-0.14
High Forecast$-0.37$-0.78$-1.38$-0.69$-0.29$0.22$0.45$-0.09
Low Forecast$-0.76$-1.98$-1.85$-1.40$-0.84$-0.82$-0.91$-0.27
Surprise %43.86%13.64%45.57%97.58%----

Revenue Forecast

$0 $700M $1B $2B $3B $4B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$502.34M$701.44M$891.34M$628.81M$709.92M---
Avg Forecast$497.13M$755.87M$915.59M$701.65M$893.32M$1.18B$1.47B$1.91B
High Forecast$630.04M$1.22B$920.07M$735.29M$967.71M$1.22B$2.56B$3.32B
Low Forecast$361.03M$586.55M$912.93M$634.56M$712.39M$1.14B$1.10B$1.43B
Surprise %1.05%-7.20%-2.65%-10.38%-20.53%---

Net Income Forecast

$-7B $-6B $-4B $-3B $-1B $500M Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-459.96M$-724.01M$-1.37B$-2.10B$-1.63B---
Avg Forecast$-337.58M$-5.64B$-1.37B$-619.99M$-337.06M$-383.98M$-267.62M$-80.39M
High Forecast$-217.43M$-4.51B$-1.10B$-409.25M$-171.71M$133.31M$266.47M$-54.31M
Low Forecast$-454.91M$-6.76B$-1.64B$-830.72M$-502.41M$-486.59M$-541.82M$-158.03M
Surprise %36.25%-87.15%-239.48%384.06%---

PLUG Forecast FAQ

Is Plug Power stock a buy?

Plug Power stock has a consensus rating of Buy, based on 38 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 17 Buy, 16 Hold, 5 Sell, and 0 Strong Sell, reflecting a consensus that Plug Power is a favorable investment for most analysts.

What is Plug Power's price target?

Plug Power's price target, set by 38 Wall Street analysts, averages $3.78 over the next 12 months. The price target range spans from $1 at the low end to $7 at the high end, suggesting a potential 71.04% change from the previous closing price of $2.21.

How does Plug Power stock forecast compare to its benchmarks?

Plug Power's stock forecast shows a 71.04% upside, outperforming the average forecast for the industrials stocks sector (17.81%) and outperforming the electrical equipment stocks industry (17.67%), leading the electric vehicle stocks list (27.02%) investment idea.

What is the breakdown of analyst ratings for Plug Power over the past three months?

  • March 2026: 0% Strong Buy, 23.81% Buy, 61.90% Hold, 14.29% Sell, 0% Strong Sell.
  • February 2026: 0% Strong Buy, 23.81% Buy, 61.90% Hold, 14.29% Sell, 0% Strong Sell.
  • January 2026: 0% Strong Buy, 27.27% Buy, 54.55% Hold, 18.18% Sell, 0% Strong Sell.

What is Plug Power’s EPS forecast?

Plug Power's average annual EPS forecast for its fiscal year ending in December 2026 is $-0.43, marking a 0% decrease from the reported $0 in 2025. Estimates for the following years are $-0.34 in 2027, and $-0.14 in 2028.

What is Plug Power’s revenue forecast?

Plug Power's average annual revenue forecast for its fiscal year ending in December 2026 is $1.18B, reflecting a 66.09% increase from the reported $709.92M in 2025. The forecast for 2027 is $1.47B, and $1.91B for 2028.

What is Plug Power’s net income forecast?

Plug Power's net income forecast for the fiscal year ending in December 2026 stands at $-384M, representing a -76.47% decrease from the reported $-1.632B in 2025. Projections indicate $-268M in 2027, and $-80.388M in 2028.