Plug Power Inc. (PLUG)
NASDAQ: PLUG · Real-Time Price · USD
1.380
0.00 (0.00%)
At close: Oct 23, 2026, 4:00 PM EDT
1.378
-0.002 (-0.16%)
After-hours: Oct 23, 2026, 7:58 PM EDT

Plug Power Stock Forecast

Stock Price Forecast

According to 19 analysts polled by S&P Global, Plug Power stock has a consensus rating of "Hold" and an average price target of $3.39. The average 1-year stock price forecast is 145.43% higher than the current stock price, while the lowest is $0.75 (-45.65%) and the highest is $7.00 (+407.25%).

Price Target: $3.39 (+145.43%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$0.75$3.39$4.00$7.00
Change-45.65%+145.43%+189.86%+407.25%

Analyst Ratings

The average analyst rating for Plug Power stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy555555
Buy000000
Hold121212121211
Sell000000
Strong Sell333333
Total202020202019

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
BMO Capital
BMO Capital
Sell
Reiterates
$1.3 → $1
SellReiterates$1.3 → $1-27.54%Oct 21, 2026
Canaccord Genuity
Canaccord Genuity
Hold
Maintains
$4
HoldMaintains$4+189.86%Oct 16, 2026
Morgan Stanley
Morgan Stanley
Sell
Reiterates
$1.65 → $1.2
SellReiterates$1.65 → $1.2-13.04%Oct 14, 2026
Susquehanna
Susquehanna
Hold
Reiterates
$2.5 → $1.75
HoldReiterates$2.5 → $1.75+26.81%Oct 14, 2026
RBC Capital
RBC Capital
Hold
Maintains
$2.75 → $2
HoldMaintains$2.75 → $2+44.93%Oct 9, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
820.82M
from 709.92M
Increased by 15.62%
Revenue Next Year
978.45M
from 820.82M
Increased by 19.20%
EPS This Year
-0.27
from -0.85
EPS Next Year
-0.15
from -0.27
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
502.34M701.44M891.34M628.81M709.92M820.82M
Revenue Growth
-39.63%27.07%-29.45%12.90%15.62%
Operating Income
-415.92M-657.86M-1.06B-1.12B-719.76M-290.89M
Net Income
-459.97M-724.01M-1.37B-2.10B-1.63B-577.97M
EPS
-----0.85-0.27
Free Cash Flow
-----647.00M-348.80M
No. Analysts
-----18
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High849.1M
Avg820.8M
Low814.3M

Revenue Growth

Revenue Growth202620272028
High
19.6%
Avg
15.6%
Low
14.7%

EPS Forecast

EPS202620272028
High-0.22
Avg-0.27
Low-0.42

EPS Growth

EPS Growth202620272028
High-
Avg-
Low-