Plug Power (PLUG) Stock Forecast & Price Target

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$2.71

-0.02 (-0.73%)

(As of 04/18/2024 ET)

Plug Power Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 26 Analyst Ratings

Analysts' Consensus Price Target

$6.05
123.42% Upside

High Forecast	$27.00
Average Forecast	$6.05
Low Forecast	$2.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	11 Buy rating(s)
Hold	15 Hold rating(s)	15 Hold rating(s)	14 Hold rating(s)	7 Hold rating(s)
Sell	4 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$6.05	$6.20	$9.30	$23.05
Predicted Upside	123.42% Upside	46.86% Upside	54.83% Upside	36.91% Upside

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PLUG Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PLUG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Plug Power Stock vs. The Competition

Type	Plug Power	Industrial Products Companies	S&P 500
Consensus Rating Score	2.12	2.55	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	123.42% Upside	39.36% Upside	12.30% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/5/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell	$3.25 ➝ $2.00	-36.51%
3/26/2024	Marathon Capitl Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kania Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight
3/5/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$9.00 ➝ $8.50	+130.98%
3/5/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$2.80 ➝ $2.90	-24.87%
3/4/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$9.00 ➝ $6.00	+53.85%
3/4/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$6.00 ➝ $5.00	+28.87%
Get the Latest News and Ratings for PLUG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Plug Power and its competitors with MarketBeat's FREE daily newsletter.
3/4/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$5.00 ➝ $4.00	+7.82%
2/28/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$3.00 ➝ $4.00	+14.61%
2/6/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Curran Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
2/6/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$4.75	+9.32%
2/6/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$4.50	+3.57%
1/31/2024	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Irwin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
1/31/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$4.50 ➝ $9.00	+141.29%
1/24/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$4.50 ➝ $3.50	+0.29%
1/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$5.00 ➝ $3.50	-8.14%
1/24/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$18.00 ➝ $8.00	+109.42%
1/24/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Market Perform ➝ Underperform	$3.50 ➝ $2.50	-32.80%
12/6/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Underweight	$3.50 ➝ $3.00	-29.25%
11/14/2023	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$6.00	+48.15%
11/14/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$7.00 ➝ $4.00	+15.27%
11/13/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
11/10/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$6.00	+69.97%
11/10/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/10/2023	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$7.00	+18.04%
11/10/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$10.00 ➝ $6.00	+1.18%
10/16/2023	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$78.00 ➝ $27.00	+267.85%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:41 AM ET.

PLUG Price Target - Frequently Asked Questions

What is Plug Power's consensus rating and price target?: According to the issued ratings of 26 analysts in the last year, the consensus rating for Plug Power stock is Hold based on the current 4 sell ratings, 15 hold ratings and 7 buy ratings for PLUG. The average twelve-month price prediction for Plug Power is $6.05 with a high price target of $27.00 and a low price target of $2.00. Learn more on PLUG's analyst rating history.
Do Wall Street analysts like Plug Power more than its competitors?: Analysts like Plug Power less than other Industrial Products companies. The consensus rating for Plug Power is Hold while the average consensus rating for industrial products companies is Moderate Buy. Learn more on how PLUG compares to other companies.
Is Plug Power being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Plug Power's stock had 4 downgrades and 2 upgrades by analysts.

Does Plug Power's stock price have much upside?: According to analysts, Plug Power's stock has a predicted upside of 45.45% based on their 12-month stock forecasts.
What analysts cover Plug Power?: Plug Power has been rated by B. Riley, BMO Capital Markets, Canaccord Genuity Group, Citigroup, Craig Hallum, Evercore ISI, HSBC, Marathon Capitl, Piper Sandler, Redburn Atlantic, Roth Capital, Roth Mkm, Royal Bank of Canada, Seaport Res Ptn, Susquehanna, Truist Financial, and UBS Group in the past 90 days.

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This page (NASDAQ:PLUG) was last updated on 4/19/2024 by MarketBeat.com Staff

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Plug Power (PLUG) Stock Forecast & Price Target

Plug Power Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

PLUG Analyst Ratings By Month

PLUG Price Targets by Month

Plug Power Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

PLUG Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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