S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
NASDAQ:PLUG

Plug Power (PLUG) Stock Forecast, Price & News

$6.82
-0.77 (-10.14%)
(As of 10/2/2023 ET)
Compare
Today's Range
$6.74
$7.54
50-Day Range
$6.83
$13.12
52-Week Range
$6.74
$23.45
Volume
36.49 million shs
Average Volume
14.54 million shs
Market Capitalization
$4.11 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
163.4% 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
0.12mentions of Plug Power in the last 14 days
Based on 15 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

91st out of 173 stocks

Electrical Industrial Apparatus Industry

3rd out of 9 stocks


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.

 

PLUG Price History

PLUG Stock News Headlines

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.
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
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Plug Power Stock Is Plunging: What's Going On?
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
30 Countries with the Cleanest Air in the World
Apple 20W USB-C Power Adapter review
Plug Power (NASDAQ:PLUG) Receives New Coverage from Analysts at HSBC
Plug Power (NASDAQ:PLUG) Hits New 12-Month Low at $7.37
Plug Power Stock: Buy, Sell, or Hold?
See More Headlines
Receive PLUG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Plug Power and its competitors with MarketBeat's FREE daily newsletter.

PLUG Company Calendar

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

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:PLUG
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

Net Income
$-724,010,000.00
Pretax Margin
-95.31%

Debt

Sales & Book Value

Annual Sales
$879.84 million
Book Value
$6.97 per share

Miscellaneous

Free Float
592,340,000
Market Cap
$4.11 billion
Optionable
Optionable
Beta
1.90

Social Links

Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

Key Executives

  • Mr. Andrew J. MarshMr. Andrew J. Marsh (Age 67)
    Pres, CEO & Director
    Comp: $766.55k
  • Mr. Paul B. Middleton CPAMr. Paul B. Middleton CPA (Age 56)
    Exec. VP & CFO
    Comp: $416.56k
  • Mr. Gerard L. Conway Jr.Mr. Gerard L. Conway Jr. (Age 58)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $416.56k
  • Mr. Keith C. SchmidMr. 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. ShresthaMr. 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













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 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

My Account -