NASDAQ:PLUG

Plug Power (PLUG) Stock Forecast, Price & News

$6.50

-0.32 (-4.69%)

(As of 01:57 PM ET)

Compare

Today's Range: $6.46
▼
$6.74
50-Day Range: $6.83
▼
$13.12
52-Week Range: $6.46
▼
$23.45

Volume: 16.89 million shs
Average Volume: 21.08 million shs
Market Capitalization: $3.91 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $17.98

Plug Power MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 177.0% Upside
$17.98 Price Target
Short Interest: Bearish
24.97% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.13
Upright™ Environmental Score
News Sentiment: 0.12
Based on 17 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.26) to ($0.61) Per Share

Overall MarketRank^™

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

2.31 out of 5 stars

Industrial Products Sector

96th out of 180 stocks

Electrical Industrial Apparatus Industry

3rd out of 10 stocks

4.3

Analyst's Opinion

Consensus Rating
Plug Power has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 12 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.98, Plug Power has a forecasted upside of 177.0% from its current price of $6.49.
Amount of Analyst Coverage
Plug Power has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
24.97% 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 6.4.
Change versus previous month
Short interest in Plug Power has recently increased by 10.85%, indicating that investor sentiment is decreasing significantly.

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.

2.3

News and Social Media Coverage

News Sentiment
Plug Power has a news sentiment score of 0.12. 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 0.65 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Plug Power this week, compared to 12 articles on an average week.
Search Interest
Only 116 people have searched for PLUG on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.
MarketBeat Follows
76 people have added Plug Power to their MarketBeat watchlist in the last 30 days. This is an increase of 23% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Plug Power insiders have not sold or bought any 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 ($1.26) to ($0.61) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Plug Power is -4.54, 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 -4.54, 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 0.93. 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 (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.

PLUG Price History

30 days | 90 days | 365 days | Advanced Chart

PLUG Stock News Headlines

September 13, 2023 | marketbeat.com

6 Ways to Invest in Hydrogen Fuel Cells: 4 Are Worth A Nibble

The race is on to dominate the green hydrogen movement and these companies are in the best position to win the race to decarbonize industry.

September 5, 2023 | marketbeat.com

3 Clean Energy Stocks Priced Dirt Cheap

Clean energy is a trend that is continuing to gain steam. The global decarbonization movement has spurred the migration to electric vehicles (EVs) and the

October 3, 2023 | Vector Vest (Ad)

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October 3, 2023 | finance.yahoo.com

Plug Power Has Lost Its Energy to Rally

October 3, 2023 | investorplace.com

Can Plug Power (PLUG) Stock Short Squeeze Higher?

October 3, 2023 | americanbankingnews.com

Plug Power (NASDAQ:PLUG) Price Target Lowered to $8.00 at Truist Financial

October 3, 2023 | americanbankingnews.com

Plug Power (NASDAQ:PLUG) Stock Price Down 6.8% on Analyst Downgrade

October 2, 2023 | benzinga.com

Plug Power, SunRun, NextEra Energy, Marathon Digital, Tesla: Why These 5 Stocks Are On Investors' Radar Today?

October 3, 2023 | Vector Vest (Ad)

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October 2, 2023 | benzinga.com

Plug Power Stock Is Plunging: What's Going On?

October 2, 2023 | finance.yahoo.com

Why Plug Power, Bloom Energy, and Nikola All Dropped Like a Rock Today

October 2, 2023 | investorplace.com

Truist Just Issued a Big Warning on Plug Power (PLUG) Stock

September 30, 2023 | finance.yahoo.com

30 Countries with the Cleanest Air in the World

September 29, 2023 | yahoo.com

Apple 20W USB-C Power Adapter review

September 28, 2023 | americanbankingnews.com

Analyzing RMG Acquisition Corp. III (NASDAQ:RMGC) and Plug Power (NASDAQ:PLUG)

September 27, 2023 | seekingalpha.com

Plug Power Inc. (PLUG) Unveiling the Potential of Liquid Hydrogen: Innovative Solutions and Market Insights Call Transcript

September 26, 2023 | finance.yahoo.com

Buy These Green Hydrogen Stocks, Analyst Says, Forecasting up to 65% Upside

September 26, 2023 | americanbankingnews.com

Plug Power (NASDAQ:PLUG) Receives New Coverage from Analysts at HSBC

September 26, 2023 | americanbankingnews.com

RMG Acquisition Corp. III (NASDAQ:RMGC) vs. Plug Power (NASDAQ:PLUG) Head to Head Comparison

September 25, 2023 | americanbankingnews.com

Plug Power Inc. (NASDAQ:PLUG) Receives Consensus Rating of "Moderate Buy" from Brokerages

September 24, 2023 | americanbankingnews.com

Plug Power (NASDAQ:PLUG) Hits New 12-Month Low at $7.37

September 22, 2023 | msn.com

Plug Power: Margins Are Becoming A Pressing Issue

September 21, 2023 | msn.com

Plug Power: Plant Delays Are Another Hit To Management's Reputation

September 21, 2023 | finance.yahoo.com

Unveiling Plug Power (PLUG)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 21, 2023 | seekingalpha.com

Plug Power: Plant Delays Are Another Hit To Management's Reputation

September 20, 2023 | msn.com

2025 Ford Ranger Plug-In Hybrid Not Coming to the US Anytime Soon

September 19, 2023 | msn.com

Plug Power Stock: Buy, Sell, or Hold?

See More Headlines

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PLUG Company Calendar

Last Earnings: 8/09/2023
Today: 10/03/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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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: $17.98
High Stock Price Forecast: $31.00
Low Stock Price Forecast: $7.50
Forecasted Upside/Downside: +163.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 20 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.43)
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: -95.15%
Pretax Margin: -95.31%
Return on Equity: -20.27%
Return on Assets: -14.14%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 3.16
Quick Ratio: 2.07

Sales & Book Value

Annual Sales: $879.84 million
Price / Sales: 4.67
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $6.97 per share
Price / Book: 0.98

Miscellaneous

Outstanding Shares: 601,972,000
Free Float: 592,340,000
Market Cap: $4.11 billion
Optionable: Optionable
Beta: 1.90

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Key Executives

Mr. Andrew J. Marsh (Age 67)
Pres, CEO & Director
Comp: $766.55k

Mr. Paul B. Middleton CPA (Age 56)
Exec. VP & CFO
Comp: $416.56k

Mr. Gerard L. Conway Jr. (Age 58)
Exec. VP, Gen. Counsel & Corp. Sec.
Comp: $416.56k

Mr. Keith C. Schmid (Age 60)
Exec. VP of Special Projects
Comp: $416.56k

Mr. Jose Luis Crespo (Age 53)
Exec. VP & GM of Material Handling
Comp: $416.56k

Mr. Sanjay K. Shrestha (Age 49)
Exec. VP, GM of Energy Solutions & Chief Strategy Officer
Comp: $416.56k

Mr. Martin D. Hull (Age 55)
Chief Accounting Officer & Corp. Controller

Mr. Tim Cortes
Chief Technology Officer

Dr. Preeti Pande Ph.D.
Chief Marketing Officer

Ms. Tammy Kimble
VP of HR

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?: 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 8 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PLUG shares.
View PLUG analyst ratings or view top-rated stocks.
What is Plug Power's stock price forecast for 2023?: 20 equities research analysts have issued 1-year price targets for Plug Power's shares. Their PLUG share price forecasts range from $7.50 to $31.00. On average, they predict the company's share price to reach $17.98 in the next year. This suggests a possible upside of 163.4% 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 44.8% and is now trading at $6.8250.
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, November 14th 2023.
View our PLUG earnings forecast.
How were Plug Power's earnings last quarter?: Plug Power Inc. (NASDAQ:PLUG) issued its quarterly earnings results on Wednesday, August, 9th. The electronics maker reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.28) by $0.07. The electronics maker earned $260.18 million during the quarter, compared to analysts' expectations of $237.38 million. Plug Power had a negative trailing twelve-month return on equity of 20.27% and a negative net margin of 95.15%.
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 Thursday, August, 17th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.20 billion-$1.40 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).
What is Plug Power's stock symbol?: Plug Power trades on the NASDAQ under the ticker symbol "PLUG."
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 $6.83.
How much money does Plug Power make?: Plug Power (NASDAQ:PLUG) has a market capitalization of $4.11 billion and generates $879.84 million in revenue each year. The electronics maker earns $-724,010,000.00 in net income (profit) each year or ($1.43) 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 10/3/2023 by MarketBeat.com Staff

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