Plug Power, Allied Green Expand Partnership With New Uzbekistan Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2025
0mins
Source: Benzinga
Partnership Expansion: Plug Power Inc has expanded its partnership with Allied Green Ammonia, signing a 2-gigawatt electrolyzer agreement for a $5.5 billion sustainable fuels project in Uzbekistan, which will be announced at the Tashkent International Investment Forum.
Global Impact and Growth: The project aims to produce green urea, sustainable aviation fuel, and green diesel, contributing to a total of 5 GW of electrolyzer capacity across continents, highlighting Plug's leadership in hydrogen technology and the increasing demand for clean fuel solutions.
Analyst Views on PLUG
Wall Street analysts forecast PLUG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLUG is 2.46 USD with a low forecast of 0.75 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
4 Buy
8 Hold
3 Sell
Hold
Current: 2.590
Low
0.75
Averages
2.46
High
7.00
Current: 2.590
Low
0.75
Averages
2.46
High
7.00
About PLUG
Plug Power Inc. is engaged in offering end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals. The Company develops commercially viable hydrogen and fuel cell product solutions. It provides electrolyzers that allow customers, such as refineries, producers of chemicals, steel, fertilizer and commercial refueling stations, to generate hydrogen on-site. It focuses on industrial mobility applications, including electric forklifts and electric industrial vehicles, at multi-shift high volume manufacturing and high throughput distribution sites and environmental benefits; stationary power systems that supports critical operations, such as data centers, microgrids and generation facilities, in either a backup power or continuous power role and replace batteries, diesel generators or the grid for telecommunication logistics, transportation, and utility customers; and production of hydrogen.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








