PLUG Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

216.84M

+13.25%

-0.107

-93.54%

164.11M

+22.77%

-0.092

-56.07%

191.01M

+9.8%

-0.084

-58.1%

Estimates Revision

The market is revising Downward the revenue expectations for Plug Power Inc. (PLUG) for FY2025, with the revenue forecasts being adjusted by -1.14% over the past three months. During the same period, the stock price has changed by -36.53%.

Revenue Estimates for FY2025

Revise Downward

-1.14%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+29.01%

In Past 3 Month

Stock Price

Go Down

-36.53%

In Past 3 Month

16 Analyst Rating

Wall Street analysts forecast PLUG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLUG is 2.95 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.

5 Buy

8 Hold

3 Sell

Hold

Current: 0.000

Low

0.75

Averages

2.95

High

7.00

Current: 0.000

Low

0.75

Averages

2.95

High

7.00

Clear Street

Hold

Buy

upgrade

2025-12-30

Reason

Clear Street

Price Target

2025-12-30

upgrade

Hold

Buy

Reason

Clear Street upgraded Plug Power to Buy from Hold with a price target of $3, down from $3.50.

Clear Street

Tim Moore

Hold

Buy

upgrade

2025-12-30

Reason

Clear Street

Tim Moore

Price Target

2025-12-30

upgrade

Hold

Buy

Reason

Clear Street analyst Tim Moore upgraded Plug Power to Buy from Hold with a price target of $3, down from $3.50. The firm sees more attractive upside in the shares following the recent selloff. It cites dilution from Plug Power's convertible refinancing in late November for the target drop. Plug has a "path to profitability" as its $200M of annual cost savings, higher recent pricing and volume growth leverage should drive gross margin expansion as early as the June quarter, the analyst tells investors in a research note. Clear believes execution of the Allied Green Ammonia contract could be the catalyst for Plug Power to achieve positive adjusted EBITDA.

Susquehanna

Neutral

downgrade

2025-11-17

Reason

Susquehanna

Price Target

2025-11-17

downgrade

Neutral

Reason

Susquehanna lowered the firm's price target on Plug Power to $2.50 from $3.50 and keeps a Neutral rating on the shares. The firm said the company reported 3Q results, with both revenue and EPS coming in behind firm estimates. The company continues to make progress on reducing its cash burn and expects to exit the year with breakeven gross margins. The electrolyzer business is expected to do ~$200M in FY'25 revenue and the pipeline for new orders remains healthy.

BMO Capital

Ameet Thakkar

Underperform

maintain

2025-11-11

Reason

BMO Capital

Ameet Thakkar

Price Target

2025-11-11

maintain

Underperform

Reason

BMO Capital analyst Ameet Thakkar raised the firm's price target on Plug Power to $1.30 from $1.20 and keeps an Underperform rating on the shares. The company's Q3 results demonstrated some "needed progress" as cash burn declined, even though it "remains unsustainable", the analyst tells investors in a research note.

Canaccord

Hold

maintain

2025-11-11

Reason

Canaccord

Price Target

2025-11-11

maintain

Hold

Reason

Canaccord raised the firm's price target on Plug Power to $2.50 from $1.25 and keeps a Hold rating on the shares. The firm noted its mixed Q3 results and said over the several months, management has scurried to reshore its balance sheet, raise prices and optimize the cost structure in an effort to adapt to changing conditions and build a sustainable, vertically integrated leader in hydrogen.

Morgan Stanley

David Arcaro

Underweight

maintain

2025-10-16

Reason

Morgan Stanley

David Arcaro

Price Target

2025-10-16

maintain

Underweight

Reason

Morgan Stanley analyst David Arcaro raised the firm's price target on Plug Power to $1.50 from 75c and keeps an Underweight rating on the shares. Ahead of Q3 earnings for the firm's Clean Tech coverage and renewable developers, the firm expects safe harbor volumes and orders to begin flowing through to both residential and utility-scale U.S. solar equipment manufacturers and expects tariff impacts to again be a point of questioning for management teams, the analyst tells investors in a preview for the group.

Valuation Metrics

The current forward P/E ratio for Plug Power Inc (PLUG.O) is -5.95, compared to its 5-year average forward P/E of -28.45. 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

-28.45

Current PE

-5.95

Overvalued PE

9.91

Undervalued PE

-66.81

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

197.11

Current EV/EBITDA

-14.15

Overvalued EV/EBITDA

1275.13

Undervalued EV/EBITDA

-880.90

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

11.19

Current PS

3.77

Overvalued PS

24.69

Undervalued PS

-2.32

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

PLUG News & Events

Events Timeline

No data

News

7.5

01-08Benzinga

Plug Power Partners with Walmart, Stock Rises 3.51%

7.0

01-08PRnewswire

Plug Power Faces Securities Fraud Investigation, Stock Drops 17.58%

3.5

01-07Fool

Bloom Energy and Plug Power Showcase Differing Strategies in Clean Energy Race

People Also Watch

Frequently Asked Questions

What is Plug Power Inc (PLUG) stock price today?

The current price of PLUG is 2.32 USD — it has increased 1.75 % in the last trading day.

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

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.

What is the price predicton of PLUG Stock?

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

Plug Power Inc revenue for the last quarter amounts to 177.06M USD, increased 1.91 % YoY.

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

Plug Power Inc. EPS for the last quarter amounts to -0.31 USD, increased 24.00 % YoY.

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?

Plug Power Inc (PLUG) has 3224 emplpoyees as of January 09 2026.

What is Plug Power Inc (PLUG) market cap?

Today PLUG has the market capitalization of 3.23B USD.