Technical Analysis
PLUG has shown a significant downward trend, with the stock price declining from $3.85 to $3.01 over the past week. The stock has formed consecutive lower highs and lower lows, indicating strong bearish momentum.
News Impact Recent developments have significantly impacted PLUG's outlook:
Seaport Global analyst downgraded PLUG to Sell with $1 price target, citing concerns about:
The company received a $1.66 billion DOE loan guarantee, but this funding faces uncertainty due to recent policy changes
Price Forecast for Next Week Based on technical indicators and news sentiment:
Target Prices:
Bearish factors:
Trading Recommendation: SELL Rationale:
Price targets:
The stock is likely to continue its downward trend next week based on both technical and fundamental factors. The high borrow rate and institutional selling pressure suggest more downside ahead.
The price of PLUG is predicted to go up 24.02%, based on the high correlation periods with CJJD. The similarity of these two price pattern on the periods is 98.49%.
PLUG
CJJD
Year
PLUG Price Forecast($)
Potential Return(%)
2025
3.500
21.960
2026
1.500
-19.350
2027
3.500
88.170
2028
1.500
-19.350
2029
3.500
88.170
2030
3.500
88.170
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.
Susquehanna
2025-01-16
Price Target
$2 → $2.5
Downside
-8.76%
Canaccord Genuity
2024-11-15
Price Target
$2.25 → $2
Upside
+6.95%
Craig-Hallum
2024-11-14
Price Target
$4 → $3
Upside
+52.28%