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NASDAQ: PLUG
Plug Power Inc Stock Forecast, Predictions & Price Target

Analyst price target for PLUG

Based on 16 analysts offering 12 month price targets for Plug Power Inc.
Min Forecast
$30.00-3.97%
Avg Forecast
$44.63+42.85%
Max Forecast
$85.00+172.09%

Should I buy or sell PLUG stock?

Based on 18 analysts offering ratings for Plug Power Inc.
Buy
Strong Buy
7 analysts 38.89%
Buy
6 analysts 33.33%
Hold
5 analysts 27.78%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

PLUG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Morgan Stanley
Top 6%
95
Strong BuyMaintains$43.00+37.64%2021-10-15
RBC Capital
Bottom 1%
1
BuyMaintains$40.00+28.04%2021-10-15
Barclays
Top 26%
75
HoldUpgradesN/AN/A2021-10-08
Anonymous
BMO Capital
HoldInitiates Coverage On$30.00-3.97%2021-10-01
Piper Sandler
Top 16%
85
Strong BuyUpgrades$33.00+5.63%2021-09-23
Wolfe Research
Top 40%
61
BuyInitiates Coverage On$34.00+8.83%2021-09-01
Roth Capital
Top 45%
56
Strong BuyMaintains$45.00+44.05%2021-08-06
Citigroup
Top 7%
94
Strong BuyInitiates Coverage On$35.00+12.04%2021-07-26
Canaccord Genuity
Top 8%
93
HoldDowngrades$31.00-0.77%2021-06-23
BTIG
Top 6%
95
Strong BuyInitiates Coverage On$40.00+28.04%2021-05-28

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Forecast return on equity

Is PLUG forecast to generate an efficient return?
Company
2.38%
Industry
-56.8%
Market
18.14%
PLUG's Return on Equity is forecast to be low in 3 years (2.38%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is PLUG forecast to generate an efficient return on assets?
Company
1.98%
Industry
30.68%
PLUG is forecast to generate lower Return on Assets (1.98%) than the US Electrical Equipment & Parts industry average (30.68%)
Forecast

PLUG earnings per share forecast

What is PLUG's earnings per share in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
-$0.41-77.6%
Avg 2 year Forecast
-$0.20-89.07%
Avg 3 year Forecast
-$0.02-98.91%

PLUG revenue forecast

What is PLUG's revenue in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$498.7M-8,997.2%
Avg 2 year Forecast
$859.6M-15,435.41%
Avg 3 year Forecast
$1.2B-20,635.93%

Plug Power Stock Forecast FAQ

Is Plug Power Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 18 Wall Street analysts covering (NASDAQ: PLUG) stock is to Buy PLUG stock.

Out of 18 analysts, 7 (38.89%) are recommending PLUG as a Strong Buy, 6 (33.33%) are recommending PLUG as a Buy, 5 (27.78%) are recommending PLUG as a Hold, 0 (0%) are recommending PLUG as a Sell, and 0 (0%) are recommending PLUG as a Strong Sell.

What is PLUG's earnings growth forecast for 2021-2023?

(NASDAQ: PLUG) Plug Power's forecast annual earnings growth rate of N/A is not forecast to beat the US Electrical Equipment & Parts industry's average forecast earnings growth rate of 27.02%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.51%.

Plug Power's earnings in 2021 is -$710,407,000.On average, 11 Wall Street analysts forecast PLUG's earnings for 2021 to be $-235,485,734, with the lowest PLUG earnings forecast at $-333,126,160, and the highest PLUG earnings forecast at $-74,666,208. On average, 11 Wall Street analysts forecast PLUG's earnings for 2022 to be $-114,871,090, with the lowest PLUG earnings forecast at $-287,177,724, and the highest PLUG earnings forecast at $-22,974,218.

In 2023, PLUG is forecast to generate $-11,487,109 in earnings, with the lowest earnings forecast at $-57,435,545 and the highest earnings forecast at $57,435,545.

What is PLUG's revenue growth forecast for 2021-2023?

(NASDAQ: PLUG) Plug Power's forecast annual revenue growth rate of N/A is not forecast to beat the US Electrical Equipment & Parts industry's average forecast revenue growth rate of 17.15%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 11.92%.

Plug Power's revenue in 2021 is -$5,605,000.On average, 10 Wall Street analysts forecast PLUG's revenue for 2021 to be $286,424,169,652, with the lowest PLUG revenue forecast at $273,680,370,972, and the highest PLUG revenue forecast at $318,192,918,192. On average, 4 Wall Street analysts forecast PLUG's revenue for 2022 to be $493,687,225,328, with the lowest PLUG revenue forecast at $445,125,472,200, and the highest PLUG revenue forecast at $515,196,836,856.

In 2023, PLUG is forecast to generate $661,105,520,510 in revenue, with the lowest revenue forecast at $603,073,220,400 and the highest revenue forecast at $731,279,120,436.

What is PLUG's forecast return on assets (ROA) for 2021-2024?

(NASDAQ: PLUG) forecast ROA is 1.98%, which is lower than the forecast US Electrical Equipment & Parts industry average of 30.68%.

What is PLUG's Price Target?

According to 16 Wall Street analysts that have issued a 1 year PLUG price target, the average PLUG price target is $44.63, with the highest PLUG stock price forecast at $85.00 and the lowest PLUG stock price forecast at $30.00.

On average, Wall Street analysts predict that Plug Power's share price could stay at $44.63 by Oct 15, 2022. The average Plug Power stock price prediction forecasts a potential downside of N/A from the current PLUG share price of $31.24.

What is PLUG's Earnings Per Share (EPS) forecast for 2021-2023?

(NASDAQ: PLUG) Plug Power's current Earnings Per Share (EPS) is -$1.83. On average, analysts forecast that PLUG's EPS will be $-0.41 for 2021, with the lowest EPS forecast at $-0.58, and the highest EPS forecast at $-0.13. On average, analysts forecast that PLUG's EPS will be $-0.20 for 2022, with the lowest EPS forecast at $-0.50, and the highest EPS forecast at $-0.04. In 2023, PLUG's EPS is forecast to hit $-0.02 (min: $-0.10, max: $0.10).

What is PLUG's forecast return on equity (ROE) for 2021-2024?

(NASDAQ: PLUG) forecast ROE is 2.38%, which is considered weak.
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