WallStreetZenWallStreetZen

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

Analyst price target for PLUG

Based on 20 analysts offering 12 month price targets for Plug Power Inc.
Min Forecast
$2.00-22.18%
Avg Forecast
$4.96+92.92%
Max Forecast
$9.00+250.19%

Should I buy or sell PLUG stock?

Based on 20 analysts offering ratings for Plug Power Inc.
Hold
Strong Buy
3 analysts 15%
Buy
2 analysts 10%
Hold
11 analysts 55%
Sell
1 analysts 5%
Strong Sell
3 analysts 15%

Be the first to know when Wall Street analysts revise their PLUG stock forecasts and price targets.

PLUG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-05
lockedlocked$00.00+00.00%2024-03-05Find Out Why
lockedlocked$00.00+00.00%2024-03-05
lockedlocked$00.00+00.00%2024-03-04Find Out Why
lockedlocked$00.00+00.00%2024-03-04Find Out Why
Canaccord Genuity
Bottom 4%
4
HoldMaintains$4.00+55.64%2024-03-04Find out why
Truist Securities
Bottom 3%
3
HoldMaintains$4.00+55.64%2024-02-28
UBS
Bottom 7%
7
HoldDowngrades$4.75+84.82%2024-02-06Find out why
Redburn Atlantic
HoldInitiates Coverage On$4.50+75.10%2024-02-06Find out why
Roth MKM
Bottom 4%
4
Strong BuyUpgrades$9.00+250.19%2024-01-31Find out why

1 of 3

Forecast return on equity

Is PLUG forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
36%

Forecast return on assets

Is PLUG forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

PLUG revenue forecast

What is PLUG's revenue in the next 3 years based on estimates from 12 analysts?
Avg 1 year Forecast
$1.0B+13.91%
Avg 2 year Forecast
$1.5B+68.3%
Avg 3 year Forecast
$1.6B+77.92%
PLUG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PLUG revenue growth forecast

How is PLUG forecast to perform vs Electrical Equipment & Parts companies and vs the US market?
Company
23.71%
Industry
73.83%
Market
10.06%
PLUG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PLUG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PLUG vs Electrical Equipment & Part Stocks

TickerPricePrice TargetUp/downsideConsensus
PLUG$2.57$4.96+92.92%Hold
POWL$130.34N/AN/A
HOLI$24.55N/AN/A
ENR$28.41$35.00+23.20%Hold
BE$9.63$16.13+67.53%Buy

Plug Power Stock Forecast FAQ

Is Plug Power Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 20 Wall Street analysts covering (NASDAQ: PLUG) stock is to Hold PLUG stock.

Out of 20 analysts, 3 (15%) are recommending PLUG as a Strong Buy, 2 (10%) are recommending PLUG as a Buy, 11 (55%) are recommending PLUG as a Hold, 1 (5%) are recommending PLUG as a Sell, and 3 (15%) are recommending PLUG as a Strong Sell.

If you're new to stock investing, here's how to buy Plug Power stock.

What is PLUG's revenue growth forecast for 2024-2026?

(NASDAQ: PLUG) Plug Power's forecast annual revenue growth rate of 23.71% is not forecast to beat the US Electrical Equipment & Parts industry's average forecast revenue growth rate of 73.83%, and while it is forecast to beat the US market's average forecast revenue growth rate of 10.06%.

Plug Power's revenue in 2024 is $891,340,000.On average, 12 Wall Street analysts forecast PLUG's revenue for 2024 to be $694,761,135,544, with the lowest PLUG revenue forecast at $523,797,266,037, and the highest PLUG revenue forecast at $1,056,968,826,710. On average, 12 Wall Street analysts forecast PLUG's revenue for 2025 to be $1,026,444,207,457, with the lowest PLUG revenue forecast at $611,176,640,136, and the highest PLUG revenue forecast at $1,565,165,076,854.

In 2026, PLUG is forecast to generate $1,085,152,609,324 in revenue, with the lowest revenue forecast at $744,606,381,321 and the highest revenue forecast at $1,482,349,684,159.

What is PLUG's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: PLUG) forecast ROA is N/A, which is lower than the forecast US Electrical Equipment & Parts industry average of N/A.

What is PLUG's Price Target?

According to 20 Wall Street analysts that have issued a 1 year PLUG price target, the average PLUG price target is $4.96, with the highest PLUG stock price forecast at $9.00 and the lowest PLUG stock price forecast at $2.00.

On average, Wall Street analysts predict that Plug Power's share price could reach $4.96 by Apr 5, 2025. The average Plug Power stock price prediction forecasts a potential upside of 92.92% from the current PLUG share price of $2.57.

What is PLUG's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: PLUG) forecast ROE is N/A, which is considered weak.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.