PLUG Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Plug Power (PLUG) is currently trading at $1.53 as of March 21, 2025. The stock has been under significant selling pressure, with a decline of over 50% since January 6, 2025, when it reached $3.15. The technical indicators suggest a bearish trend:
- RSI (14): 38.49, indicating the stock is near oversold territory but not yet at a level that typically triggers a bounce.
- MACD: The MACD line is slightly negative (-0.07), indicating weak momentum.
- Fibonacci Levels: The stock is trading near the lower end of its Fibonacci range, with a pivot point at $1.66, resistance at $1.77, and support at $1.54.
News and Fundamental Analysis:
The recent earnings report and news sentiment are bearish:
- Plug Power reported a significant decline in revenue (down 30% year-over-year) and a net loss of $2.1 billion for 2024.
- The company has been burning through cash, with $1 billion in negative free cash flow, prompting further share sales that could dilute current investors.
- Management has announced cost-cutting measures under "Project Quantum Leap," but analysts remain skeptical about the company's ability to avoid running out of cash before the end of 2025.
Analyst Sentiment:
Analysts have mixed opinions, but the consensus is cautious:
- The average 12-month price target is $1.81, with a high of $3.00 and a low of $1.00.
- Several analysts have lowered their price targets recently, reflecting concerns about the company's financial health.
Price Prediction and Recommendation:
Based on the technical and fundamental analysis, the stock is expected to remain under pressure in the short term. The price is likely to hover around $1.50, with potential downside to $1.45 if selling pressure continues. The bearish trend and lack of positive catalysts suggest avoiding the stock at current levels.
Recommendation: Sell PLUG at $1.53 with a target price of $1.45.
PLUG Similar Chart Price Prediction
The price of PLUG is predicted to go up 4.05%, based on the high correlation periods with PRVA. The similarity of these two price pattern on the periods is 93.98%.
PLUG
PRVA
Up: 4.05%Similarity: 93.98%
PLUG Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
PLUG Price Forecast($)
Potential Return(%)
2025
3.500
21.960
2026
2.500
55.280
2027
3.500
117.390
2028
0.500
-68.940
2029
5.000
210.560
2030
10.000
521.120
What is PLUG stock price prediction 2025 ?
What is PLUG stock price prediction 2026 ?
What is PLUG stock price prediction 2027 ?
What is PLUG stock price prediction 2028 ?
What is PLUG stock price prediction 2029 ?
What is PLUG stock price prediction 2030 ?
PLUG Revenue Forecast
PLUG EPS Forecast
PLUG FAQs
What is PLUG revenue forecast for next quarter？
PLUG VS S&P500
Plug Power is a leader in the global green hydrogen market.
By providing customers a bundled solution of technology and fuel, Plug stands to capture a larger addressable market.
PLUG Analyst's Forecast
Biju Perincheril
Susquehanna
Hold
2025-01-16
Price Target
$2 → $2.5
Downside
-8.76%
Susquehanna raised the firm's price target on Plug Power to $2.50 from $2 and keeps a Neutral rating on the shares. The analyst noted they announced a record 3 GW electrolyzer order from Allied Green Ammonia to power its green ammonia production and blieves it is a proof point for the company's electrolyzer technology gaining traction with international customers.
George Gianarikas
Canaccord Genuity
Hold
2024-11-15
Price Target
$2.25 → $2
Upside
+6.95%
Eric Stine
Craig-Hallum
Strong Buy
2024-11-14
Price Target
$4 → $3
Upside
+52.28%
