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NASDAQ:PLUG

Plug Power (PLUG) Stock Forecast, Price & News

$9.48
-0.07 (-0.73%)
(As of 01:46 PM ET)
Compare
Today's Range
$9.30
▼
$9.75
50-Day Range
$7.48
▼
$11.72
52-Week Range
$7.39
▼
$31.56
Volume
15.55 million shs
Average Volume
20.24 million shs
Market Capitalization
$5.69 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.34
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Plug Power MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
114.1% Upside
$20.34 Price Target
Short Interest
Bearish
21.87% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.13
Upright™ Environmental Score
News Sentiment
0.93mentions of Plug Power in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.89) to ($0.30) Per Share

Overall MarketRank™

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

1.93 out of 5 stars

Industrial Products Sector

114th out of 176 stocks

Electrical Industrial Apparatus Industry

6th out of 9 stocks

See Top Rated MarketRank™ Stocks Here

PLUG stock logo

About Plug Power (NASDAQ:PLUG) Stock

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.

 

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PLUG Stock News Headlines

June 8, 2023 | finance.yahoo.com
Plug Power CEO Andy Marsh To Present at the 2nd Annual Evercore ISI Global Clean Energy & Transition Technologies Summit on June 16, 2023
June 8, 2023 | americanbankingnews.com
Plug Power Inc. to Post Q1 2024 Earnings of ($0.11) Per Share, Seaport Res Ptn Forecasts (NASDAQ:PLUG)
June 8, 2023 | Edge On The Street (Ad)
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
June 8, 2023 | americanbankingnews.com
Seaport Res Ptn Reiterates "Buy" Rating for Plug Power (NASDAQ:PLUG)
June 8, 2023 | americanbankingnews.com
Plug Power's (PLUG) Buy Rating Reaffirmed at Seaport Res Ptn
June 7, 2023 | investorplace.com
PLUG Stock Alert: Plug Power Announces New Hydrogen Deal
June 7, 2023 | finanznachrichten.de
Plug Power, Inc.: Plug Supplies 8 MW of Hydrogen Fuel Cells to Energy Vault to Displace Diesel Generators in California Wine Country
June 7, 2023 | msn.com
Plug Power to supply 8 MW of hydrogen fuel cells to Energy Vault
June 8, 2023 | Edge On The Street (Ad)
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
June 7, 2023 | finance.yahoo.com
Plug Supplies 8 MW of Hydrogen Fuel Cells to Energy Vault to Displace Diesel Generators in California Wine Country
June 6, 2023 | benzinga.com
What Happened With Plug Power Stock During Tuesday's Session
June 5, 2023 | finance.yahoo.com
What Investors Need to Know About Plug Power's Move into Finland
June 4, 2023 | finance.yahoo.com
10 Hot Penny Stocks To Buy
June 2, 2023 | benzinga.com
Plug Power CFO & EVP Awarded $6.20M Worth of Stock Options
June 1, 2023 | benzinga.com
Plug Power GM Awarded $6.20M Worth of Stock Options
June 1, 2023 | 247wallst.com
Unusual Put Option Trade in Plug Power Worth $5,449.25K
June 1, 2023 | americanbankingnews.com
Plug Power (NASDAQ:PLUG) Stock Price Up 4.7%
May 31, 2023 | reuters.com
Plug Power plans $6 billion hydrogen projects in Finland
May 31, 2023 | msn.com
Unusual Put Option Trade in Plug Power (PLUG) Worth $5,449.25K
May 31, 2023 | marketwatch.com
UPCOMING INVESTOR DEADLINE: Plug Power Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
May 31, 2023 | benzinga.com
ROSEN, A LEADING AND RANKED FIRM, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG
May 30, 2023 | msn.com
HC Wainwright & Co. Reiterates Plug Power (PLUG) Buy Recommendation
May 30, 2023 | finance.yahoo.com
Plug Power bets big on Finland with $6 billion investment in hydrogen plants
May 30, 2023 | investorplace.com
PLUG Stock Alert: Plug Power Announces New Plants in Finland
May 30, 2023 | barrons.com
IMPORTANT DEADLINE NOTICE: The Schall Law Firm Encourages Investors in Plug Power Inc. with Losses of $100,000 to Contact the Firm
May 30, 2023 | msn.com
Plug Power plans three green hydrogen production plants in Finland
May 30, 2023 | finance.yahoo.com
Plug Power Makes Major Strategic Move into Finland’s Green Hydrogen Economy with its Proven PEM Electrolyzer and Liquefaction Technology
See More Headlines

PLUG Price History

PLUG Company Calendar

Last Earnings
5/09/2023
Today
6/08/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023
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 Forecast
$20.34
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+113.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
19 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.33)
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
-100.41%
Pretax Margin
-100.41%
Return on Equity
-18.72%
Return on Assets
-13.45%

Debt

Debt-to-Equity Ratio
0.13
Current Ratio
4.39
Quick Ratio
3.25

Sales & Book Value

Annual Sales
$701.44 million
Price / Sales
8.18
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$6.97 per share
Price / Book
1.37

Miscellaneous

Outstanding Shares
600,540,000
Free Float
590,928,000
Market Cap
$5.74 billion
Optionable
Optionable
Beta
1.76

Social Links


Key Executives

  • Andrew J. MarshAndrew J. Marsh
    President, Chief Executive Officer & Director
  • Keith C. SchmidKeith C. Schmid
    Chief Operating Officer & Senior Vice President
  • Paul B. MiddletonPaul B. Middleton
    Chief Financial Officer & Senior Vice President
  • Tim Cortes
    Chief Technology Officer
  • Sanjay Kumar ShresthaSanjay Kumar Shrestha
    Chief Strategy Officer & Executive Vice President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













PLUG Stock - Frequently Asked Questions

Should I buy or sell Plug Power stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are currently 8 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PLUG shares.
View PLUG analyst ratings or view top-rated stocks.

What is Plug Power's stock price forecast for 2023?

19 brokers have issued 1 year target prices for Plug Power's shares. Their PLUG share price forecasts range from $7.50 to $38.00. On average, they anticipate the company's share price to reach $20.34 in the next twelve months. This suggests a possible upside of 113.0% 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 at the beginning of 2023. Since then, PLUG shares have decreased by 22.8% and is now trading at $9.55.
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 Tuesday, August 8th 2023.
View our PLUG earnings forecast.

How were Plug Power's earnings last quarter?

Plug Power Inc. (NASDAQ:PLUG) posted its earnings results on Tuesday, May, 9th. The electronics maker reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by $0.08. The electronics maker had revenue of $210.29 million for the quarter, compared to analysts' expectations of $207.67 million. Plug Power had a negative net margin of 100.41% and a negative trailing twelve-month return on equity of 18.72%. The business's revenue was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) earnings per share.

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), Global X Clean Tech ETF (CTEC), ALPS Clean Energy ETF (ACES), Virtus Duff & Phelps Clean Energy ETF (VCLN), iShares Global Clean Energy ETF (ICLN) and Fidelity Clean Energy ETF (FRNW).

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

Plug Power issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.40 billion-$1.40 billion, compared to the consensus revenue estimate of $1.34 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).

What is Plug Power's stock symbol?

Plug Power trades on the NASDAQ under the ticker symbol "PLUG."

Who are Plug Power's major shareholders?

Plug Power's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.72%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.88%), State Street Corp (2.56%), Geode Capital Management LLC (1.32%), Robeco Schweiz AG (0.72%) and First Trust Advisors LP (0.67%). Insiders that own company stock include Andrew Marsh, Fivet Capital Holding Ag, George C Mcnamee, Gerard L Conway Jr, Gregory Kenausis, Jonathan M Silver, Keith Schmid, Lucas P Schneider, Martin Daniel Hull, 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.

What is Plug Power's stock price today?

One share of PLUG stock can currently be purchased for approximately $9.55.

How much money does Plug Power make?

Plug Power (NASDAQ:PLUG) has a market capitalization of $5.74 billion and generates $701.44 million in revenue each year. The electronics maker earns $-724,010,000.00 in net income (profit) each year or ($1.33) on an earnings per share basis.

How many employees does Plug Power have?

The company employs 3,353 workers across the globe.

How can I contact Plug Power?

Plug Power's mailing address is 968 ALBANY-SHAKER ROAD, LATHAM NY, 12110. The official website for the company is www.plugpower.com. The electronics maker can be reached via phone at (518) 782-7700, via email at investors@plugpower.com, or via fax at 518-782-9060.

This page (NASDAQ:PLUG) was last updated on 6/8/2023 by MarketBeat.com Staff

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