Plug Power, Inc. (NASDAQ:PLUG) Receives $3.30 Average PT from Analysts

Plug Power, Inc. (NASDAQ:PLUG) has been given a consensus rating of “Hold” by the seventeen research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $3.5875.

Several equities research analysts have weighed in on PLUG shares. Morgan Stanley raised their price objective on shares of Plug Power from $1.50 to $1.65 and gave the company an “underweight” rating in a research report on Thursday, July 9th. Susquehanna reduced their target price on shares of Plug Power from $3.75 to $2.50 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Craig Hallum reissued a “buy” rating on shares of Plug Power in a research note on Tuesday. BMO Capital Markets increased their price target on shares of Plug Power from $1.00 to $1.20 and gave the company an “underperform” rating in a research note on Tuesday, May 12th. Finally, Canaccord Genuity Group raised their price target on shares of Plug Power from $2.50 to $4.00 and gave the company a “hold” rating in a report on Tuesday, May 12th.

Plug Power Price Performance

Shares of PLUG stock opened at $2.32 on Monday. The stock’s fifty day moving average is $2.42 and its 200-day moving average is $2.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.40 and a current ratio of 2.32. The stock has a market capitalization of $3.24 billion, a PE ratio of -1.84 and a beta of 2.20. Plug Power has a 52 week low of $1.41 and a 52 week high of $4.58.

Plug Power (NASDAQ:PLUG) last released its quarterly earnings results on Monday, August 10th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Plug Power had a negative return on equity of 56.01% and a negative net margin of 220.59%.The business had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $169.11 million. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that Plug Power will post -0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC raised its position in shares of Plug Power by 11.8% during the first quarter. Kestra Advisory Services LLC now owns 43,007 shares of the electronics maker’s stock worth $97,000 after acquiring an additional 4,525 shares during the last quarter. Earned Wealth Advisors LLC lifted its stake in shares of Plug Power by 12.6% during the first quarter. Earned Wealth Advisors LLC now owns 44,061 shares of the electronics maker’s stock valued at $100,000 after acquiring an additional 4,923 shares during the period. Abel Hall LLC boosted its holdings in Plug Power by 9.2% in the first quarter. Abel Hall LLC now owns 62,213 shares of the electronics maker’s stock valued at $141,000 after acquiring an additional 5,223 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in Plug Power by 8.2% in the first quarter. Wealthfront Advisers LLC now owns 69,709 shares of the electronics maker’s stock valued at $158,000 after acquiring an additional 5,283 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Plug Power by 53.6% in the fourth quarter. International Assets Investment Management LLC now owns 15,773 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 5,503 shares during the period. 43.48% of the stock is currently owned by institutional investors.

Plug Power News Roundup

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Better revenue and margin performance: Plug Power reported second-quarter 2026 revenue of $178.3 million, up 2.5% year over year and ahead of the roughly $169 million consensus estimate. Its non-GAAP loss of $0.07 per share was in line with expectations, while gross margins improved toward breakeven. PLUG Q2 Deep Dive: Margin Gains and Cost Discipline, Guidance Raised
• Positive Sentiment: Higher outlook and better cash discipline: Management raised its full-year outlook and reduced cash usage, supporting the view that cost controls and operational improvements may be beginning to stabilize the business. An expanding global electrolyzer pipeline also provides a potential longer-term growth catalyst. Plug Power Charges Ahead: Margin Expansion Sparks a Rally
• Positive Sentiment: More favorable analyst forecasts: HC Wainwright reaffirmed its Buy rating and $7 price target while raising its Plug Power EPS estimates for 2026 through 2029. Its forecast moves from a $0.25 loss in 2026 to a $0.02 profit in 2029, reinforcing expectations for eventual profitability. HC Wainwright Reaffirms Buy Rating for Plug Power
• Neutral Sentiment: Trading activity may amplify volatility: Heavy short interest and unusually large call-option buying could accelerate a rally if bullish momentum continues, but these positioning factors can also lead to sharp reversals. Stock Traders Buy Large Volume of Plug Power Call Options
• Negative Sentiment: Valuation and profitability risks remain: Despite better sales trends, Plug Power remains deeply unprofitable, and its long-term shareholder returns have been weak. Analysts also caution that the stock may already reflect much of the improvement, making sustained execution and further margin gains important for the rally to continue. Plug Power Stock Looks Above Fair Value Despite Better Sales Trends

Plug Power Company Profile

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.