$
1.790
+0.14(8.485%)1D
  • Overview
  • Forecast
  • Valuation
  • Earnings
Line
Line
|
Candle
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
1.830
Open
1.680
VWAP
1.75
Vol
102.72M
Mkt Cap
2.05B
Low
1.670
Amount
180.24M
EV/EBITDA(TTM)
--
Total Shares
742.56M
EV
2.51B
EV/OCF(TTM)
--
P/S(TTM)
2.40
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
FY2025Q4
FY2025Q3
FY2025Q2
234.56M
+22.51%
--
--
201.07M
+15.74%
--
--
158.71M
+10.72%
--
--
Estimates Revision
The market is revising Downward the revenue expectations for Plug Power Inc. (PLUG) for FY2025, with the revenue forecasts being adjusted by -1.7% over the past three months. During the same period, the stock price has changed by 126.98%.
Revenue Estimates for FY2025
Revise Downward
down Image
-1.7%
In Past 3 Month
Stock Price
Go Up
up Image
+126.98%
In Past 3 Month
20 Analyst Rating
down Image
-27.93% 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 1.29 USD with a low forecast of 0.50 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
11 Hold
5 Sell
Hold
down Image
-27.93% Downside
Current: 1.790
sliders
Low
0.50
Averages
1.29
High
3.50
JPMorgan
Neutral
maintain
2025-07-08
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 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
Piper Sandler
Underweight
downgrade
2025-05-14
Reason
Piper Sandler lowered the firm's price target on Plug Power to 80c from $1.10 and keeps an Underweight rating on the shares. The firm highlights a relative improvement from Plug as revenues were in line with expectations for the first time since Q2 2023; margins were also in line. Cash burn remains high at $141M but did decline 47% year-over-year, Piper adds. Despite less severe cash burn than expected, the firm remains bearish as it struggles with the path to corporate profitability.
Wells Fargo
Equal Weight
downgrade
$2 -> $1
2025-05-14
Reason
Wells Fargo lowered the firm's price target on Plug Power to $1 from $2 and keeps an Equal Weight rating on the shares. The firm cites higher-than-forecasted share dilution from Plug Power's recent equity offering. Initial draft proposal from Ways & Means eliminates 45V tax credit starting in 2026, Wells notes.
Canaccord
Hold
downgrade
$1
2025-05-13
Reason
Canaccord lowered the firm's price target on Plug Power to $1 from $1.25 and keeps a Hold rating on the shares. The firm said Management continues to take steps to reshape the company and focus on sustainability and viability and they are encouraged by management's intensified focus on profitability and future cash generation.

Valuation Metrics

The current forward P/E ratio for Plug Power Inc (PLUG.O) is -3.54, compared to its 5-year average forward P/E of -33.25. For a more detailed relative valuation and DCF analysis to assess Plug Power Inc 's fair value, click here.

Forward PE

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-33.25
Current PE
-3.54
Overvalued PE
5.74
Undervalued PE
-72.24

Forward EV/EBITDA

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
235.23
Current EV/EBITDA
-7.56
Overvalued EV/EBITDA
1313.77
Undervalued EV/EBITDA
-843.32

Forward PS

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
12.72
Current PS
2.39
Overvalued PS
26.45
Undervalued PS
-1.01

Financials

Annual
Quarterly
FY2025Q1
YoY :
+11.15%
133.67M
Total Revenue
FY2025Q1
YoY :
-34.41%
-172.06M
Operating Profit
FY2025Q1
YoY :
-33.44%
-196.86M
Net Income after Tax
FY2025Q1
YoY :
-54.35%
-0.21
EPS - Diluted
FY2025Q1
YoY :
-43.09%
-151.63M
Free Cash Flow
FY2025Q1
YoY :
-59.21%
-48.61
Gross Profit Margin - %
FY2025Q1
YoY :
-26.63%
-147.63
FCF Margin - %
FY2025Q1
YoY :
-40.12%
-147.27
Net Margin - %

Trading Trends

Insider
Insiders areBuying! The selling amount has increased 168.4% over the last month.
Sold
0-3
Months
49.2K
USD
1
3-6
Months
0.0
USD
0
6-9
Months
20.9K
USD
1
0-12
Months
0.0
USD
0
Bought
0-3
2
922.4K
USD
Months
3-6
0
0.0
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

PLUG News & Events

Events Timeline

2025-07-17 (ET)
2025-07-17
15:05:13
Moderately bullish activity in Plug Power with shares up 8.55%
select
2025-07-11 (ET)
2025-07-11
15:37:34
Mixed options sentiment in Plug Power with shares down 4.46%
select
2025-07-09 (ET)
2025-07-09
14:26:39
Moderately bullish activity in Plug Power with shares up 25.35%
select
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News

4.5
07-19Benzinga
Benzinga Bulls And Bears: Netflix, GameStop, Plug Power — And Defense Stocks Soar
4.5
07-16Benzinga
Rivian Unseats Lucid, DraftKings Ousts Plug Power In Russell 1000 Shake-Up
2.0
07-16Benzinga
What's Going On With Plug Power Stock Wednesday?
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FAQ

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The current price of PLUG is 1.79 USD — it has increased 8.48 % in the last trading day.

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