
PLUG
Plug Power Inc
- Overview
- Forecast
- Valuation
- Earnings

Line
|

Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
2.6797
Open
2.190
VWAP
2.44
Vol
209.59M
Mkt Cap
3.04B
Low
2.090
Amount
511.19M
EV/EBITDA(TTM)
--
Total Shares
742.56M
EV
3.14B
EV/OCF(TTM)
--
P/S(TTM)
3.11
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.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2026Q1
FY2025Q4
FY2025Q3
183.92M
+37.59%
-0.095
-54.62%
218.10M
+13.91%
-0.101
-93.88%
187.48M
+7.91%
-0.129
-48.44%
Estimates Revision
The market is revising Downward the revenue expectations for Plug Power Inc. (PLUG) for FY2025, with the revenue forecasts being adjusted by -2.85% over the past three months. During the same period, the stock price has changed by 143.12%.
Revenue Estimates for FY2025
Revise Downward

-2.85%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward

+3.82%
In Past 3 Month
Stock Price
Go Up

+143.12%
In Past 3 Month
15 Analyst Rating

-28.68% Downside
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 1.89 USD with a low forecast of 0.75 USD and a high forecast of 3.50 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.
4 Buy
9 Hold
2 Sell
Hold

-28.68% Downside
Current: 2.650

Low
0.75
Averages
1.89
High
3.50

-28.68% Downside
Current: 2.650

Low
0.75
Averages
1.89
High
3.50
Wells Fargo
Michael Blum
Equal Weight
maintain
$1
2025-08-14
Reason
Wells Fargo
Michael Blum
Price Target
$1
2025-08-14
maintain
Equal Weight
Reason
Wells Fargo analyst Michael Blum raised the firm's price target on Plug Power to $1.50 from $1 and keeps an Equal Weight rating on the shares. The firm cites a shift forward in the base year of its valuation model to 2026 and a slightly higher EBITDA forecast. Wells remains on the sidelines given low visibility around positive profit margins.
Jefferies
Hold
maintain
2025-07-23
Reason
Jefferies
Price Target
2025-07-23
maintain
Hold
Reason
Jefferies raised the firm's price target on Plug Power to $1.60 from 90c and keeps a Hold rating on the shares. With the "One Big Beautiful Bill Act" resolved, the firm still finds it "tough to find conviction on the renewable names," but sees finality on the President's Executive Order as "a clearing event" into August 21. The firm expects expect management teams to provide commentary on safe harboring, the "intensity of it (or the lack thereof), and how that translates to backlog adds," the analyst added in a preview for the clean energy group.
Susquehanna
Charles Minervino
Neutral
maintain
$1
2025-07-21
Reason
Susquehanna
Charles Minervino
Price Target
$1
2025-07-21
maintain
Neutral
Reason
Susquehanna analyst Charles Minervino raised the firm's price target on Plug Power to $1.80 from $1 and keeps a Neutral rating on the shares. The firm updated alternative energy estimates and targets ahead of the Q2 reports. Susquehanna remains cautious on the group due to uncertainty around tariffs and the repeal of subsidy provisions of the Inflation Reduction Act. Given policy and market headwinds, the firm likes companies with a domestic manufacturing presence and "robust backlogs" like First Solar (FSLR) and GE Vernova (GEV).
JPMorgan
Neutral
maintain
2025-07-08
Reason
JPMorgan
Price Target
2025-07-08
maintain
Neutral
Reason
JPMorgan keeps a Neutral rating on Plug Power after the company held a conference call to discuss the implications of the One Big Beautiful Bill for its hydrogen roadmap. The 45V clean hydrogen production tax credit is now available to project developers beginning construction on hydrogen facilities by December 31, 2027, an extension of two years versus the prior draft's deadline, the analyst tells investors in a research note. JPMorgan believes the policy clarity should remove an overhang for the broader hydrogen complex. It views the bill as a positive for Plug Power, but adds it remains to be seen how much demand actually unlocks and how successful the company will be in improving margins and reducing cash burn in the meantime.
Roth Capital
Craig Irwin
Buy
maintain
$3.50
2025-07-08
Reason
Roth Capital
Craig Irwin
Price Target
$3.50
2025-07-08
maintain
Buy
Reason
Roth Capital analyst Craig Irwin keeps a Buy rating and $3.50 price target on Plug Power after the company hosted an update call to discuss policy details from the Big Beautiful Bill Act, specifically to underline how Section 48E details were a \"positive surprise\". The updated 48E terms allow a full 30% ITC - investment tax credit - for qualified fuel cell property that starts construction between 2026 and 2032, and does this without any zero-emission requirements or restrictions on foreign components, the analyst tells investors in a research note.
Jefferies
Dushyant Ailani
Hold
downgrade
2025-05-20
Reason
Jefferies
Dushyant Ailani
Price Target
2025-05-20
downgrade
Hold
Reason
Jefferies analyst Dushyant Ailani lowered the firm's price target on Plug Power to 90c from $1.70 and keeps a Hold rating on the shares. The firm estimates Q2 revenue of $151M, versus consensus of $159M and guidance of $140-$180M, the analyst tells investors in a preview. The focus remains on managing liquidity, with management continuing to focus on breakeven gross margin by year-end, notes the analyst, who sees a "difficult path ahead, especially given the US IRA backdrop."
See All Ratings
Valuation Metrics
The current forward P/E ratio for Plug Power Inc (PLUG.O) is -5.20, compared to its 5-year average forward P/E of -32.06. For a more detailed relative valuation and DCF analysis to assess Plug Power Inc 's fair value, click here.
Forward PE
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A
5Y Average PE
-32.06
Current PE
-5.20
Overvalued PE
7.29
Undervalued PE
-71.40
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A
5Y Average EV/EBITDA
228.61
Current EV/EBITDA
-12.32
Overvalued EV/EBITDA
1308.48
Undervalued EV/EBITDA
-851.25
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A
5Y Average PS
12.37
Current PS
3.18
Overvalued PS
26.23
Undervalued PS
-1.49
Financials
Annual
Quarterly
FY2025Q2
YoY :
+21.36%
173.97M
Total Revenue
FY2025Q2
YoY :
-34.75%
-153.55M
Operating Profit
FY2025Q2
YoY :
-12.81%
-228.73M
Net Income after Tax
FY2025Q2
YoY :
-44.44%
-0.20
EPS - Diluted
FY2025Q2
YoY :
-35.67%
-232.23M
Free Cash Flow
FY2025Q2
YoY :
-53.83%
-36.96
Gross Profit Margin - %
FY2025Q2
YoY :
-43.16%
-121.77
FCF Margin - %
FY2025Q2
YoY :
-28.16%
-131.47
Net Margin - %
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
17.4K
USD
1
3-6
Months
49.2K
USD
1
6-9
Months
0.0
USD
0
0-12
Months
20.9K
USD
1
Bought
0-3
0
0.0
USD
Months
3-6
2
922.4K
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
0.0
Volume
0
6-9
Months
0.0
Volume
0
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
1
4.1M
Volume
Months
6-9
0
0.0
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
17.4K
USD
1
3-6
Months
49.2K
USD
1
6-9
Months
0.0
USD
0
0-12
Months
20.9K
USD
1
Bought
0-3
0
0.0
USD
Months
3-6
2
922.4K
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
PLUG News & Events
Events Timeline
2025-09-22 (ET)
2025-09-22
16:08:16
Plug Power sells previously announced warrants at a $2 exercise price

2025-08-18 (ET)
2025-08-18
15:21:51
Diverse Sentiment Surrounds Plug Power as Shares Decline by 3.24%

2025-08-11 (ET)
2025-08-11
16:26:07
Bullish flow in Plug Power with shares up 5.96%

Sign Up For More Events
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News
2.0
09-22BenzingaPlug Power Shares Are Soaring Today: What's Happening?
2.0
09-22BenzingaMajor Stocks on the Rise Monday: PROS Holdings, MBX Biosciences, Metsera, Anywhere Real Estate, and More
2.0
09-20BenzingaThree Stocks in Electrical Equipment and Parts Show Strong Performance Indicators
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FAQ

What is Plug Power Inc (PLUG) stock price today?
The current price of PLUG is 2.65 USD — it has increased 21.56 % in the last trading day.

What is Plug Power Inc (PLUG)'s business?

What is the price predicton of PLUG Stock?

What is Plug Power Inc (PLUG)'s revenue for the last quarter?

What is Plug Power Inc (PLUG)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for Plug Power Inc (PLUG)'s fundamentals?

How many employees does Plug Power Inc (PLUG). have?
