Plug Power Inc.PLUGNASDAQ
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Analyst Sentiment

Analysts are neutral — opinion is divided on direction.

Consensus Rating
Hold
23 analysts·High coverage
30%
Rating Distribution
Strong Buy
00%
Buy
730%
Hold
1148%
Sell
522%
Strong Sell
00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Analysts see significant upside — consensus target 99% higher.

Bear Case
$1.50
-30%
Consensus
$4.28
+99%
Bull Case
$7.00
+226%
Price Range23 analysts
Low
Consensus
High
$1.50
$7.00
Current Target
Current Price
$2.15
Upside to Target
$2.13

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

2026E$-0.31(10 analysts)
Actual
Estimate
Range (Low–High)
Stock Alarm Pro
Forward Growth Estimates (YoY)
FY2027
Rev+23.08%
EPS
FY2028
Rev+19.75%
EPS
FY2029
Rev+35.53%
EPS

Earnings Surprises

Beat rate:8%(1/12 quarters)
Avg surprise:-76.6%
Beat
Miss
Inline
Estimate
Based on reported EPS vs consensus estimate.

Recent Analyst Actions

Nov 24, 2025Canaccord Genuity
H.C. Wainwright Reiterates Buy Rating on Plug Power (PLUG)
Target:$7.00
+253.5%from $1.98
Nov 24, 2025H.C. Wainwright
H.C. Wainwright Reiterates Buy Rating on Plug Power (PLUG)
Target:$7.00
+253.5%from $1.98
Oct 16, 2025Morgan Stanley
Plug Power price target raised to $1.50 from 75c at Morgan Stanley
Target:$1.50
-59.8%from $3.73
Oct 9, 2025HSBC
Plug Power price target raised to $4.40 from $2.50 at HSBC
Target:$4.40
+16.4%from $3.78
Aug 14, 2025Wells Fargo
Plug Power price target raised to $1.50 from $1 at Wells Fargo
Target:$1.50
-10.7%from $1.68
Mar 5, 2025Truist Financial
Plug Power price target lowered to $1.50 from $2 at Truist
Target:$1.50
-11.2%from $1.69
Mar 5, 2025Susquehanna
Plug Power price target lowered to $1.80 from $2.50 at Susquehanna
Target:$1.80
+6.5%from $1.69
Mar 5, 2025Piper Sandler
Plug Power price target lowered to $1.10 from $1.40 at Piper Sandler
Target:$1.10
-34.9%from $1.69
Mar 5, 2025Canaccord Genuity
Plug Power price target lowered to $1.25 from $2 at Canaccord
Target:$1.25
-26.0%from $1.69
Nov 15, 2024Jefferies
Plug Power (PLUG) PT Lowered to $1.90 at Jefferies
Target:$1.90
-3.6%from $1.97
Nov 14, 2024B.Riley Financial
Plug Power (PLUG) PT Lowered to $4 at B.Riley
Target:$4.00
+315.0%from $0.96
Nov 13, 2024BMO Capital
Plug Power (PLUG) PT Lowered to $1.60 at BMO Capital
Target:$1.60
-18.8%from $1.97
Nov 12, 2024Canaccord Genuity
Plug Power (PLUG) PT Lowered to $2.25 at Canaccord Genuity
Target:$2.25
+17.8%from $1.91
Nov 12, 2024BTIG
BTIG Reiterates Buy Rating on Plug Power (PLUG)
Target:$5.00
+296.8%from $1.26
Aug 12, 2024Truist Financial
Plug Power price target lowered to $2 from $3 at Truist
Target:$2.00
+0.5%from $1.99
Aug 12, 2024Canaccord Genuity
Plug Power price target lowered to $2.50 from $3 at Canaccord
Target:$2.50
+26.9%from $1.97
Aug 9, 2024BMO Capital
Plug Power (PLUG) PT Lowered to $1.80 at BMO Capital
Target:$1.80
-9.3%from $1.99
Jul 19, 2024BMO Capital
BMO Capital Reiterates Underperform Rating on Plug Power (PLUG), 'liquidity situation appears more perilous than even we though'
Target:$2.25
-10.5%from $2.52
Jul 2, 2024UBS
Plug Power (PLUG) PT Lowered to $2.75 at UBS
Target:$2.75
+19.3%from $2.31
May 14, 2024BMO Capital
BMO Capital Reiterates Underperform Rating on Plug Power (PLUG)
Target:$2.50
-33.5%from $3.76
May 14, 2024RBC Capital
RBC Capital Comments on Plug Power (PLUG) DOE Conditional Commitment Loan
Target:$3.50
-6.8%from $3.75
May 10, 2024Piper Sandler
Plug Power (PLUG) PT Lowered to $2.50 at Piper Sandler
Target:$2.50
-6.4%from $2.67
Mar 5, 2024Piper Sandler
Plug Power May Be Plagued By Another Challenging Year - Analyst Forecasts Negative Fuel Margins In FY24
Target:$2.90
-21.5%from $3.69
Feb 28, 2024Truist Financial
Plug Power's Challenges Remain Despite Strength In Fuel Margins: Analyst
Target:$4.00
+15.8%from $3.46
Jan 23, 2024Truist Financial
Plug Power's Long-Term Visibility Worries This Analyst - Forecast Halved
Target:$3.00
-19.4%from $3.72