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Stock Price Prediction

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PLUG
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PLUG Price Prediction Next Week

Based on the recent data and analysis, here's the price prediction for PLUG for the next trading week:

Technical Analysis

The stock is currently trading at $2.08, showing significant weakness with RSI at 40.96 indicating neutral to bearish momentum. The stock is trading below both its 20-day SMA ($2.49) and 200-day SMA ($2.41), suggesting a bearish trend continuation.

News Sentiment Analysis Recent news indicates several concerning factors:

  • The company has faced significant financial challenges, with revenue expected to decline 20% to $714 million in 2024
  • Despite receiving a $1.66 billion DOE loan guarantee, the company's cash position remains tight with only $94 million in cash and $1.7 billion in total liabilities
  • The stock has experienced a 12.19% decline over the past month, underperforming both the S&P 500 and Industrial Products sector

Price Targets for Next Week Based on Fibonacci levels and current technical indicators:

  • Resistance levels: R1: $2.87, R2: $3.11, R3: $3.50
  • Support levels: S1: $2.09, S2: $1.85, S3: $1.46
  • Pivot point: $2.48

Price Prediction The stock is likely to continue its downward trend next week with:

  • Most probable range: $1.85-$2.09
  • Target price by end of next week: $1.85

Recommendation: SELL Rationale:

  1. Deteriorating technical indicators
  2. Negative news sentiment
  3. Ongoing financial challenges
  4. Below key moving averages
  5. Analysts have been consistently lowering price targets

The stock might see temporary bounces due to short-covering, but the overall trend remains bearish for the near term.

Based on the recent data and analysis, here's the price prediction for PLUG for the next trading week:

Technical Analysis

The stock is currently trading at $2.08, showing significant weakness with RSI at 40.96 indicating neutral to bearish momentum. The stock is trading below both its 20-day SMA ($2.49) and 200-day SMA ($2.41), suggesting a bearish trend continuation.

News Sentiment Analysis Recent news indicates several concerning factors:

  • The company has faced significant financial challenges, with revenue expected to decline 20% to $714 million in 2024
  • Despite receiving a $1.66 billion DOE loan guarantee, the company's cash position remains tight with only $94 million in cash and $1.7 billion in total liabilities
  • The stock has experienced a 12.19% decline over the past month, underperforming both the S&P 500 and Industrial Products sector

Price Targets for Next Week Based on Fibonacci levels and current technical indicators:

  • Resistance levels: R1: $2.87, R2: $3.11, R3: $3.50
  • Support levels: S1: $2.09, S2: $1.85, S3: $1.46
  • Pivot point: $2.48

Price Prediction The stock is likely to continue its downward trend next week with:

  • Most probable range: $1.85-$2.09
  • Target price by end of next week: $1.85

Recommendation: SELL Rationale:

  1. Deteriorating technical indicators
  2. Negative news sentiment
  3. Ongoing financial challenges
  4. Below key moving averages
  5. Analysts have been consistently lowering price targets

The stock might see temporary bounces due to short-covering, but the overall trend remains bearish for the near term.

PLUG Similar Chart Price Prediction

The price of PLUG is predicted to go up -1.38%, based on the high correlation periods with DOOO. The similarity of these two price pattern on the periods is 91.08%.

stocks logo

PLUG

stocks logo

DOOO

Down: -1.38%Similarity: 91.08%

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

3.500

21.960

2027

4.500

56.800

2028

5.500

91.640

2029

10.000

248.440

2030

3.500

21.960

What is PLUG stock price prediction 2025 ?

PLUG stock is predicted to reach $3.50 by the end of 2025. This projection is based on the recent positive momentum driven by relaxed hydrogen tax credit rules, which could enhance Plug Power's competitiveness and revenue growth. However, ongoing financial losses and execution risks may limit upside potential.

What is PLUG stock price prediction 2026 ?

PLUG stock is predicted to reach $3.50 by 2026. This projection is based on its ongoing financial struggles, high cash burn, and limited profitability despite revenue growth targets. However, potential DOE loans and hydrogen market developments could provide some upside if executed effectively.

What is PLUG stock price prediction 2027 ?

PLUG stock is projected to reach approximately $4.50 by 2027, assuming moderate growth in the hydrogen sector and successful execution of its business plans. This estimate factors in potential revenue growth from green hydrogen initiatives and improved margins, supported by favorable policy changes like tax credits. However, risks such as high cash burn and operational delays could limit upside potential.

What is PLUG stock price prediction 2028 ?

PLUG stock is projected to reach approximately $5.50 by 2028, assuming a compound annual growth rate of 20% driven by expected revenue growth and improved margins from hydrogen production scaling. This estimate factors in Plug Power's ambitious plans to achieve profitability by 2028 and capitalize on clean energy incentives. However, risks such as cash burn and market volatility could impact this trajectory.

What is PLUG stock price prediction 2029 ?

Predicting PLUG's 2029 price, assuming continued growth in hydrogen adoption and favorable policy support, the stock could reach $10-$15. This projection is based on Plug Power's expansion in green hydrogen production and potential profitability improvements. However, risks include execution challenges and market volatility.

What is PLUG stock price prediction 2030 ?

Plug Power's stock price by 2030 is projected to reach approximately $3.50 to $4.00, assuming moderate growth in the hydrogen market and successful execution of its business plans. This estimate reflects Plug Power's potential revenue growth to $3 billion by 2030, as forecasted by analysts, but also accounts for its history of financial losses and operational challenges. The stock's performance will heavily depend on achieving profitability and scaling its hydrogen ecosystem effectively.

PLUG Revenue Forecast

PLUG EPS Forecast

PLUG FAQs

What is bull‘s view on PLUG?

Plug Power (PLUG) has recently surged due to favorable hydrogen tax credit regulations, but its financials remain weak, with a Q3 2024 net loss of $211.2M and revenue of $173.7M. Analysts have a cautious outlook, with an average price target of $2.91, reflecting limited upside from current levels. Despite policy tailwinds, the stock's high-risk profile and operational challenges suggest a speculative play rather than a strong bullish case.

What is bear's view on PLUG?

PLUG stock is bearish due to its weak financials and high risks. Analysts have a cautious outlook with an average price target of $2.91, reflecting a potential downside from current levels. Despite recent policy-driven momentum, the company’s persistent losses and operational inefficiencies make it unattractive for now.

What is PLUG revenue forecast for next quarter？

The market consensus for PLUG's revenue in the upcoming quarter is projected to be approximately $187.657M USD.

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.

Ask Intellectia about PLUG

PLUG Analyst's Forecast

Biju Perincheril

Susquehanna

Hold

Price Target

$2 → $2.5

Upside

-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

Price Target

$2.25 → $2

Upside

+6.95%

Eric Stine

Craig-Hallum

Strong Buy

Price Target

$4 → $3

Upside

+52.28%

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