Should I buy or sell Plug Power stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 1 sell rating, 14 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PLUG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLUG, but not buy additional shares or sell existing shares. View PLUG analyst ratings or view top-rated stocks .

What is Plug Power's stock price target for 2024?

21 Wall Street analysts have issued 12 month target prices for Plug Power's shares. Their PLUG share price targets range from $3.00 to $27.00. On average, they anticipate the company's stock price to reach $9.80 in the next twelve months. This suggests a possible upside of 144.5% from the stock's current price. View analysts price targets for PLUG or view top-rated stocks among Wall Street analysts .

How have PLUG shares performed in 2023?

Plug Power's stock was trading at $12.37 on January 1st, 2023. Since then, PLUG stock has decreased by 67.6% and is now trading at $4.01. View the best growth stocks for 2023 here .

When is Plug Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024. View our PLUG earnings forecast .

How were Plug Power's earnings last quarter?

Plug Power Inc. (NASDAQ:PLUG) posted its quarterly earnings results on Thursday, November, 9th. The electronics maker reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.32) by $0.15. The electronics maker had revenue of $198.71 million for the quarter, compared to analyst estimates of $219.57 million. Plug Power had a negative trailing twelve-month return on equity of 24.18% and a negative net margin of 106.74%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.30) EPS.

What ETFs hold Plug Power's stock?

ETFs with the largest weight of Plug Power (NASDAQ:PLUG) stock in their portfolio include Global X Hydrogen ETF (HYDR) , Defiance Next Gen H2 ETF (HDRO) , Direxion Hydrogen ETF (HJEN) , ALPS Clean Energy ETF (ACES) , ProShares S&P Kensho Cleantech ETF (CTEX) , Subversive Decarbonization ETF (DKRB) , Global X Clean Tech ETF (CTEC) and Virtus Duff & Phelps Clean Energy ETF (VCLN) .

What guidance has Plug Power issued on next quarter's earnings?

Plug Power issued an update on its FY 2023 earnings guidance on Wednesday, October, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.20 billion-$1.20 billion, compared to the consensus revenue estimate of $1.28 billion.

What is Andy Marsh's approval rating as Plug Power's CEO?

27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com . Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Plug Power own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL) , Advanced Micro Devices (AMD) , Tesla (TSLA) , NIO (NIO) , NVIDIA (NVDA) , Ballard Power Systems (BLDP) , Micron Technology (MU) , Block (SQ) and Nokia Oyj (NOK) .

Who are Plug Power's major shareholders?

Plug Power's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (3.68%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.63%), KGH Ltd (0.00%), Robeco Schweiz AG (1.03%), Legal & General Group Plc (0.54%) and Charles Schwab Investment Management Inc. (0.54%). Insiders that own company stock include Andrew Marsh , George C Mcnamee , Gerard L Conway Jr , Jonathan M Silver , Jose Luis Crespo , Keith Schmid , Lucas P Schneider , Maureen O Helmer , Paul B Middleton and Sanjay K Shrestha . View institutional ownership trends .

How do I buy shares of Plug Power?

Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Most-Downgraded StocksMost-Downgraded

Plug Power Stock Price, News & Analysis (NASDAQ:PLUG)

$4.01

-0.08 (-1.96%)

(As of 12/8/2023 ET)

Compare

Today's Range: $3.95
▼
$4.27
50-Day Range: $3.42
▼
$7.72
52-Week Range: $3.22
▼
$18.88

Volume: 25.60 million shs
Average Volume: 24.20 million shs
Market Capitalization: $2.43 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.80

Plug Power MarketRank™ Stock Analysis

Analyst Rating: Hold
2.24 Rating Score
Upside/Downside: 144.5% Upside
$9.80 Price Target
Short Interest: Bearish
27.73% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.13
Upright™ Environmental Score
News Sentiment: 0.55
Based on 18 Articles This Week
Insider Trading: Selling Shares
$230,098 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.47) to ($0.94) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Industrial Products Sector

48th out of 141 stocks

Electrical Industrial Apparatus Industry

1st out of 8 stocks

4.1

Analyst's Opinion

Consensus Rating
Plug Power has received a consensus rating of Hold. The company's average rating score is 2.24, and is based on 6 buy ratings, 14 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $9.80, Plug Power has a forecasted upside of 144.5% from its current price of $4.01.
Amount of Analyst Coverage
Plug Power has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
27.73% of the float of Plug Power has been sold short.
Short Interest Ratio / Days to Cover
Plug Power has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in Plug Power has recently increased by 3.35%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Plug Power does not currently pay a dividend.
Dividend Growth
Plug Power does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Plug Power has received a 43.60% net impact score from Upright. Plug Power seems to create the most significant positive value in categories "Taxes", "Jobs", and "GHG emissions". The positive contribution in the "GHG emissions" impact category is mostly driven by its "Hydrogen energy storages", "Hydrogen fuel cells", and "Repair and maintenance services of hydrogen fuel cells" products. See details.
Environmental Sustainability
The Environmental Impact score for Plug Power is -0.13.

3.1

News and Social Media Coverage

News Sentiment
Plug Power has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for Plug Power this week, compared to 13 articles on an average week.
Search Interest
213 people have searched for PLUG on MarketBeat in the last 30 days. This is an increase of 90% compared to the previous 30 days.
MarketBeat Follows
64 people have added Plug Power to their MarketBeat watchlist in the last 30 days. This is an increase of 39% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Plug Power insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $230,098.00 in company stock.
Percentage Held by Insiders
Only 1.60% of the stock of Plug Power is held by insiders.
Percentage Held by Institutions
49.99% of the stock of Plug Power is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Plug Power are expected to grow in the coming year, from ($1.47) to ($0.94) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Plug Power is -2.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Plug Power is -2.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Plug Power has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Plug Power Stock (NASDAQ:PLUG)

Plug Power Inc. is a green energy play focused on Hydrogen and hydrogen fuel cells and it is the leader in the push toward a green hydrogen economy. Among the many advantages of hydrogen fuel cells are the unlimited supply of hydrogen and the ability to harvest it from renewable, green energy sources. Additionally, power-sensitive industries like Health Care, Data Centers, and Communications services can ensure their own operations by utilizing hydrogen fuel cells as a primary or back-up system.

Plug Power Inc develops, designs, manufactures, markets, installs, and services a line of end-to-end hydrogen and zero-emission fuel cell solutions. These solutions are tailored for supply chain and logistics applications, on-road electric vehicles, and stationary power generation for businesses and industries in North America and internationally.

Green Hydrogen is hydrogen split from a base molecule using electricity generated by sustainable sources such as fuel cells, solar, or wind. One of the most visible uses of hydrogen fuel cells is in warehouse settings where it is used to run loaders and forklifts. The technology not only saves on costs but reduces emissions within an enclosed warehouse or retail space. A few of the companies capitalizing on the technology are Walmart, Amazon, FedEx, and The Home Depot. The company was founded in 1997, went public in 1999, and is headquartered in Latham, New York.

Plug Power’s goal is to build an end-to-end green hydrogen ecosystem that includes green hydrogen production, storage and delivery, and energy generation through a network of grid-connected power stations and refueling points. A key milestone in the company’s history was hit in 2014 when Plug Power, Inc deployed the GenKey solutions for the first time. The GenKey system is a suite of turnkey services that streamlines the upgrade to hydrogen fuel cells. Essentially, Plug Power installs and hen services fully-operational fuel cell systems. These solutions include IoT connectivity for maintenance and servicing that ensures best-in-class uptime for all fuel cell solutions.

Among the company’s many products are proton exchange membrane (PEM) for fuel cells, individual fuel cells and hydrogen fuel processing technologies, and hybrid EV/Hydrogen technologies as well as equipment for hydrogen and green hydrogen generation, storage, and dispensing infrastructure.

Plug Power, Inc. has strategic agreements with Airbus, Lhyfe, Edison Motors, Phillips 66, Apex Clean Energy, BAE Systems, and Universal Hydrogen Co. The partnership with Airbus is exploring the use of hydrogen in airplanes and airports, the partnership with Lhyfe is expanding hydrogen use in the EU logistics market, the partnership with Edison Motors is focused on a hydrogen-only city bus solution, and the deal with Phillips 66 aims at expanding and scaling Plug Power’s hydrogen production capabilities as needed.

PLUG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PLUG Stock News Headlines

December 5, 2023 | marketbeat.com

Even Scrooge can’t pass up these 3 bargain stocks (PLUG)

In the iconic classic tale of "A Christmas Carol," Ebenezer Scrooge is a cold and frugal cheapskate. But the geezer wouldn’t pass up an opportunity at a bargai

November 18, 2023 | marketbeat.com

MarketBeat Week in Review – 11/13 - 11/17 (PLUG)

Stocks are looking to make it three straight weeks of positive gains as positive inflation and housing news offset a weak retail outlook

December 8, 2023 | Financial Alphas (Ad)

Recent Reports Are A Wake-Up Call For Investors

As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.

November 16, 2023 | marketbeat.com

Plug Power at tipping point; it’s make-or-break time for hydrogen (PLUG)

Plug Power falls more than 30% on weak results and a need to raise capital that threatens shareholder value; ramping production should lead to margin growth.

November 16, 2023 | marketbeat.com

Plug Power at tipping point; it’s make-or-break time for hydrogen

Plug Power falls more than 30% on weak results and a need to raise capital that threatens shareholder value; ramping production should lead to margin growth.

December 8, 2023 | finance.yahoo.com

Why Plug Power Stock Sank This Week

December 7, 2023 | finance.yahoo.com

10 Best Hydrogen and Fuel Cell Stocks To Buy For 2024

December 7, 2023 | americanbankingnews.com

Morgan Stanley Reaffirms "Underweight" Rating for Plug Power (NASDAQ:PLUG)

December 8, 2023 | Financial Alphas (Ad)

Recent Reports Are A Wake-Up Call For Investors

December 6, 2023 | seekingalpha.com

Plug Power: Going Concern Warning And Policy Risks - Why I Was So Wrong

December 6, 2023 | msn.com

Plug Power cut to Sell equivalent at Morgan Stanley as hydrogen too reliant on subsidies

December 6, 2023 | finance.yahoo.com

Plug Power Stock Gets Downgraded. There’s ‘Significant Risk’ to the Business Model.

December 6, 2023 | investorplace.com

PLUG Stock Alert: Morgan Stanley Is Souring on Plug Power

December 6, 2023 | msn.com

My favorite HomeKit power strip is a great gift for 30% off today

December 6, 2023 | americanbankingnews.com

Comparing Plug Power (NASDAQ:PLUG) & Hammond Power Solutions (OTCMKTS:HMDPF)

December 6, 2023 | finance.yahoo.com

Plug Power Inc.: Media Reports Hint at Final Green Hydrogen Tax Credit Rules

December 4, 2023 | msn.com

Lightning Round: I'm pulling the plug on Plug Power, says Jim Cramer

December 4, 2023 | msn.com

Cramer's Lightning Round: 'I'm pulling the plug' on Plug Power

December 4, 2023 | finance.yahoo.com

Green Investors Were Crushed. Now It’s Time to Make Money.

December 4, 2023 | finance.yahoo.com

Why Shares of Plug Power Plunged 31.5% in November

December 2, 2023 | msn.com

Plug Power surges to top industrial gainer of week, Kanzhun sees No. 1 loser tag

December 1, 2023 | finance.yahoo.com

3 Struggling Stocks That Could Rise More Than 50%, According to Wall Street. But Should You Listen?

December 1, 2023 | finance.yahoo.com

Shareholders have faith in loss-making Plug Power (NASDAQ:PLUG) as stock climbs 16% in past week, taking five-year gain to 149%

November 30, 2023 | finance.yahoo.com

Better Growth Stock: Plug Power Stock vs. DraftKings Stock

November 28, 2023 | finance.yahoo.com

3 Things You Need to Know If You Buy Plug Power Today

November 28, 2023 | baystreet.ca

Plug Power Stock Is Oversold: Should You Invest?

November 25, 2023 | finance.yahoo.com

Will Plug Power Ever Earn a Profit?

See More Headlines

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Company Calendar

Last Earnings: 11/09/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/06/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electrical industrial apparatus
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NASDAQ:PLUG
CUSIP: N/A
CIK: 1093691
Web: www.plugpower.com
Phone: (518) 782-7700
Fax: 518-782-9060
Employees: 3,353
Year Founded: 1997

Price Target and Rating

Average Stock Price Target: $9.80
High Stock Price Target: $27.00
Low Stock Price Target: $3.00
Potential Upside/Downside: +139.7%
Consensus Rating: Hold
Rating Score (0-4): 2.24
Research Coverage: 21 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.60)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-724,010,000.00
Net Margins: -106.74%
Pretax Margin: -107.60%
Return on Equity: -24.18%
Return on Assets: -16.40%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 2.41
Quick Ratio: 1.31

Sales & Book Value

Annual Sales: $889.92 million
Price / Sales: 2.78
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $6.97 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 605,502,000
Free Float: 595,814,000
Market Cap: $2.48 billion
Optionable: Optionable
Beta: 1.75

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Key Executives

Mr. Andrew J. Marsh (Age 67)
President, CEO & Director
Comp: $766.55k
Mr. Paul B. Middleton CPA (Age 56)
Executive VP & CFO
Comp: $416.56k
Mr. Gerard L. Conway Jr. (Age 58)
Executive VP, General Counsel & Corporate Secretary
Comp: $416.56k
Mr. Keith C. Schmid (Age 60)
Executive Vice President of Special Projects
Comp: $416.56k
Mr. Jose Luis Crespo (Age 53)
Executive VP & GM of Material Handling
Comp: $416.56k
Mr. Sanjay K. Shrestha (Age 49)
Executive VP, GM of Energy Solutions & Chief Strategy Officer
Comp: $416.56k
Mr. Martin D. Hull (Age 55)
Chief Accounting Officer & Corporate Controller
Mr. Tim Cortes
Chief Technology Officer
Dr. Preeti Pande Ph.D.
Chief Marketing Officer
Ms. Tammy Kimble
Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLUG Stock Analysis - Frequently Asked Questions

Should I buy or sell Plug Power stock right now?: 21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 1 sell rating, 14 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PLUG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLUG, but not buy additional shares or sell existing shares.
View PLUG analyst ratings or view top-rated stocks.
What is Plug Power's stock price target for 2024?: 21 Wall Street analysts have issued 12 month target prices for Plug Power's shares. Their PLUG share price targets range from $3.00 to $27.00. On average, they anticipate the company's stock price to reach $9.80 in the next twelve months. This suggests a possible upside of 144.5% from the stock's current price.
View analysts price targets for PLUG or view top-rated stocks among Wall Street analysts.
How have PLUG shares performed in 2023?: Plug Power's stock was trading at $12.37 on January 1st, 2023. Since then, PLUG stock has decreased by 67.6% and is now trading at $4.01.
View the best growth stocks for 2023 here.
When is Plug Power's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our PLUG earnings forecast.
How were Plug Power's earnings last quarter?: Plug Power Inc. (NASDAQ:PLUG) posted its quarterly earnings results on Thursday, November, 9th. The electronics maker reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.32) by $0.15. The electronics maker had revenue of $198.71 million for the quarter, compared to analyst estimates of $219.57 million. Plug Power had a negative trailing twelve-month return on equity of 24.18% and a negative net margin of 106.74%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.30) EPS.
What ETFs hold Plug Power's stock?: ETFs with the largest weight of Plug Power (NASDAQ:PLUG) stock in their portfolio include Global X Hydrogen ETF (HYDR), Defiance Next Gen H2 ETF (HDRO), Direxion Hydrogen ETF (HJEN), ALPS Clean Energy ETF (ACES), ProShares S&P Kensho Cleantech ETF (CTEX), Subversive Decarbonization ETF (DKRB), Global X Clean Tech ETF (CTEC) and Virtus Duff & Phelps Clean Energy ETF (VCLN).

What guidance has Plug Power issued on next quarter's earnings?: Plug Power issued an update on its FY 2023 earnings guidance on Wednesday, October, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.20 billion-$1.20 billion, compared to the consensus revenue estimate of $1.28 billion.
What is Andy Marsh's approval rating as Plug Power's CEO?: 27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Plug Power own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Ballard Power Systems (BLDP), Micron Technology (MU), Block (SQ) and Nokia Oyj (NOK).
Who are Plug Power's major shareholders?: Plug Power's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (3.68%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.63%), KGH Ltd (0.00%), Robeco Schweiz AG (1.03%), Legal & General Group Plc (0.54%) and Charles Schwab Investment Management Inc. (0.54%). Insiders that own company stock include Andrew Marsh, George C Mcnamee, Gerard L Conway Jr, Jonathan M Silver, Jose Luis Crespo, Keith Schmid, Lucas P Schneider, Maureen O Helmer, Paul B Middleton and Sanjay K Shrestha.
View institutional ownership trends.
How do I buy shares of Plug Power?: Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:PLUG) was last updated on 12/8/2023 by MarketBeat.com Staff

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