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Plug Power (PLUG) Stock Forecast & Price Target

$2.52
-0.40 (-13.72%)
(As of 07/19/2024 ET)

Plug Power - Analysts' Recommendations 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.

Consensus Rating

Based on 27 Wall Street analysts who have issued ratings for Plug Power in the last 12 months, the stock has a consensus rating of "Hold." Out of the 27 analysts, 4 have given a sell rating, 15 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for PLUG.

Consensus Price Target

$5.49
118.24% Upside
High Forecast$18.00
Average Forecast$5.49
Low Forecast$2.00

According to the 27 analysts' twelve-month price targets for Plug Power, the average price target is $5.49. The highest price target for PLUG is $18.00, while the lowest price target for PLUG is $2.00. The average price target represents a forecasted upside of 118.24% from the current price of $2.52.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
13 Buy rating(s)
Hold
15 Hold rating(s)
15 Hold rating(s)
15 Hold rating(s)
6 Hold rating(s)
Sell
4 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$5.49$5.49$6.05$20.21
Forecasted Upside118.24% Upside47.26% Upside45.45% Upside34.76% Upside
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PLUG Analyst Recommendations 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.
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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.
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Plug Power Stock vs. The Competition

TypePlug PowerIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.19
2.54
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside118.24% Upside41.34% Upside10.04% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/25/2024B. Riley
4 of 5 stars
R. Pfingst
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UpgradeStrong-Buy
5/14/2024HC Wainwright
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$18.00+382.57%
5/13/2024Canaccord Genuity Group
1 of 5 stars
 Lower TargetHold ➝ Hold$4.00 ➝ $3.00+2.74%
5/10/2024TD Cowen
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 Lower TargetBuy ➝ Buy$7.00 ➝ $5.00+98.41%
5/10/2024Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$3.00 ➝ $2.50-0.40%
5/10/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$3.50 ➝ $3.00+8.30%
5/10/2024Piper Sandler
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 Lower TargetUnderweight ➝ Underweight$2.90 ➝ $2.50-9.75%
4/5/2024Citigroup
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 DowngradeNeutral ➝ Sell$3.25 ➝ $2.00-36.51%
3/26/2024Marathon Capitl
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A. Kania
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Reiterated RatingEqual Weight
3/5/2024HSBC
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 Lower TargetBuy ➝ Buy$9.00 ➝ $8.50+130.98%
3/4/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$9.00 ➝ $6.00+53.85%
3/4/2024Craig Hallum
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 Lower TargetBuy ➝ Buy$6.00 ➝ $5.00+28.87%
2/28/2024Truist Financial
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 Boost TargetHold ➝ Hold$3.00 ➝ $4.00+14.61%
2/6/2024Seaport Res Ptn
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T. Curran
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DowngradeBuy ➝ Neutral
2/6/2024UBS Group
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 DowngradeBuy ➝ Neutral$4.75+9.32%
2/6/2024Redburn Atlantic
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 Initiated CoverageNeutral$4.50+3.57%
1/31/2024Roth Capital
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C. Irwin
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UpgradeNeutral ➝ Buy
1/31/2024Roth Mkm
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 UpgradeNeutral ➝ Buy$4.50 ➝ $9.00+141.29%
1/24/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$5.00 ➝ $3.50-8.14%
1/24/2024BMO Capital Markets
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 DowngradeMarket Perform ➝ Underperform$3.50 ➝ $2.50-32.80%
11/14/2023Johnson Rice
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 Reiterated RatingBuy ➝ Hold$6.00+48.15%
11/14/2023Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$7.00 ➝ $4.00+15.27%
11/13/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
11/10/2023Jefferies Financial Group
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 Reiterated RatingBuy ➝ Hold$6.00+69.97%
11/10/2023Oppenheimer
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 DowngradeOutperform ➝ Market Perform
11/10/2023Northland Securities
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 DowngradeOutperform ➝ Market Perform$7.00+18.04%
11/10/2023JPMorgan Chase & Co.
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 DowngradeOverweight ➝ Neutral$10.00 ➝ $6.00+1.18%
3/2/2023KeyCorp
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 Lower TargetOverweight$31.00 ➝ $25.00+75.93%
1/26/2023Cowen
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 Lower Target$30.00 ➝ $23.00+40.76%
11/15/2022BTIG Research
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 Lower Target$25.00+42.37%
11/9/2022Cowen
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 Lower Target$33.00 ➝ $30.00+96.08%
11/9/2022Susquehanna Bancshares
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 Lower Target$30.00 ➝ $28.00+83.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:02 PM ET.

PLUG Forecast - Frequently Asked Questions

What is Plug Power's forecast for 2024?

According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Plug Power is $5.49, with a high forecast of $18.00 and a low forecast of $2.00.

Should I buy or sell Plug Power stock right now?

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 4 sell ratings, 15 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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.

Does Plug Power's stock price have much upside?

According to analysts, Plug Power's stock has a predicted upside of 47.34% based on their 12-month stock forecasts.

Has Plug Power been upgraded by Wall Street analysts recently?

Over the previous 90 days, Plug Power's stock had 1 upgrade by analysts.

What analysts cover Plug Power?

Plug Power has been rated by research analysts at B. Riley, Canaccord Genuity Group, HC Wainwright, Morgan Stanley, Piper Sandler, Susquehanna, and TD Cowen in the past 90 days.

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.


This page (NASDAQ:PLUG) was last updated on 7/21/2024 by MarketBeat.com Staff

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