Plug Power (PLUG) Stock Forecast & Price Target

$1.56 -0.03 (-1.57%)

As of 11:30 AM Eastern

Plug Power - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 18 Analyst Ratings

Sell
5

Hold
8

Buy
5

Based on 18 Wall Street analysts who have issued ratings for Plug Power in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 5 have given a sell rating, 8 have given a hold rating, and 5 have given a buy rating for PLUG.

Consensus Price Target

$2.34
49.73% Upside

According to the 18 analysts' twelve-month price targets for Plug Power, the average price target is $2.34. The highest price target for PLUG is $5.00, while the lowest price target for PLUG is $1.10. The average price target represents a forecasted upside of 49.73% from the current price of $1.57.

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PLUG Analyst Ratings Over Time

Type	Current Forecast 3/21/24 to 3/21/25	1 Month Ago 2/20/24 to 2/19/25	3 Months Ago 12/22/23 to 12/21/24	1 Year Ago 3/22/23 to 3/21/24
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	11 Hold rating(s)	15 Hold rating(s)
Sell	5 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$2.34	$4.12	$4.52	$6.20
Forecasted Upside	49.73% Upside	132.65% Upside	76.60% Upside	72.64% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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PLUG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PLUG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Plug Power Stock vs. The Competition

Type	Plug Power	Industrial Products Companies	S&P 500
Consensus Rating Score	2.00	2.57	2.54
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	47.38% Upside	121.25% Upside	18.42% Upside
News Sentiment Rating	Positive News See Recent PLUG News	Positive News	Positive News

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Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/6/2025	Morgan Stanley 3 of 5 stars	Arthur Sitbon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$1.75 ➝ $1.60	-0.93%
3/5/2025	Canaccord Genuity Group 1 of 5 stars	George Gianarikas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$2.00 ➝ $1.25	-26.04%
3/5/2025	B. Riley 3 of 5 stars	Ryan Pfingst Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$4.00 ➝ $3.00	+84.61%
3/5/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jordan Levy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$2.00 ➝ $1.50	-7.69%
3/5/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kashy Harrison Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$1.40 ➝ $1.10	-30.16%
3/5/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Biju Perincheril Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$2.50 ➝ $1.80	+12.85%
3/5/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ameet Thakkar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underperform ➝ Underperform	$1.60 ➝ $1.40	-12.23%
3/5/2025	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating	Amit Dayal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$5.00 ➝ $3.00	+85.18%
1/27/2025	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Curran Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Hold ➝ Strong Sell
11/14/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$4.00 ➝ $3.00	+59.15%
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11/14/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$3.00 ➝ $2.00	+3.09%
11/14/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Lewis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
11/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$5.00 ➝ $4.00	+96.56%
10/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$2.20 ➝ $2.00	-2.91%
8/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$3.50 ➝ $2.50	+25.94%
5/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$7.00 ➝ $5.00	+98.41%
4/5/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell	$3.25 ➝ $2.00	-36.51%
3/26/2024	Marathon Capitl Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kania Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight
3/5/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$9.00 ➝ $8.50	+130.98%
2/6/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$4.75	+9.32%
2/6/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$4.50	+3.57%
1/31/2024	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Irwin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
1/31/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$4.50 ➝ $9.00	+141.29%
11/14/2023	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$6.00	+48.15%
11/13/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
11/10/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/10/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$7.00	+18.04%
11/10/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$10.00 ➝ $6.00	+1.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:21 AM ET.

PLUG Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Plug Power is $2.34, with a high forecast of $5.00 and a low forecast of $1.10.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are currently 5 sell ratings, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PLUG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLUG, but not buy additional shares or sell existing shares.
: According to analysts, Plug Power's stock has a predicted upside of 49.73% based on their 12-month stock forecasts.
: Over the previous 90 days, Plug Power's stock had 1 downgrade by analysts.
: Plug Power has been rated by research analysts at B. Riley, BMO Capital Markets, Canaccord Genuity Group, HC Wainwright, Morgan Stanley, Piper Sandler, Seaport Res Ptn, Susquehanna, and Truist Financial in the past 90 days.
: Analysts like Plug Power less than other "industrials" companies. The consensus rating for Plug Power is Hold while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how PLUG compares to other companies.

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This page (NASDAQ:PLUG) was last updated on 3/21/2025 by MarketBeat.com Staff

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Plug Power (PLUG) Stock Forecast & Price Target