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Plug Power (PLUG): analyst forecast and price target

$1.38 −7.07% close 16.10.26 · market cap $2.1B · Industrials · Electrical Equipment & Parts IWM 0.07%
Price targets and ratings of

Analyst consensus

Hold

3 Buy4 Hold1 Sell

Ratings of 8 analysts in the last 3 months · top analysts only

12-month forecast

$3.39+145.7% upside

Based on 8 price targets given in the last 3 months, the average target is $3.39, the highest $7.00, the lowest $1.20. The average is +145.7% from the last price of $1.38.

$2.00$4.00$6.00Jan 26AprJulOctJan 27AprJulOctHigh$7.00Average$3.39Low$1.20
Highest target $7.00 Average target $3.39 Lowest target $1.20
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Jason Tilchen★★★★★★★★★★#11403 · hits 33% · avg −5.3% Canaccord Genuity $4.00 Hold +189.9% Reiterated 16.10.26on TipRanks 07:30 −6.0%
David Arcaro★★★★★★★★★★#549 · hits 59% · avg +12.4% Morgan Stanley $1.65 → $1.20−27.3% Sell −13.0% Assigned 14.10.26on TipRanks 08:15 −6.0%next day +2.1%
Charles Minervino★★★★★★★★★★#59 · hits 71% · avg +23.0% Susquehanna $2.50 → $1.75−30.0% Hold +26.8% Assigned 14.10.26on TipRanks 07:20 −6.0%next day +2.1%
Chris Dendrinos★★★★★★★★★★#212 · hits 54% · avg +47.1% RBC Capital $2.75 → $2.00−27.3% Hold +44.9% Reiterated 09.10.26on TipRanks Oct 12 21:45 −3.5%next day −3.5% · 5 days −15.9%
Amit Dayal★★★★★★★★★★#4400 · hits 34% · avg +2.7% H.C. Wainwright $7.00 Buy +407.2% Reiterated 30.09.26on TipRanks Sep 29 10:55 +2.9%next day +1.8% · 5 days −4.6%
Eric Stine★★★★★★★★★★#770 · hits 41% · avg +15.8% Craig-Hallum — Buy — Reiterated 29.09.26on TipRanks Sep 30 05:05 +2.9%next day +1.8% · 5 days −4.6%
Unknown Analyst UBS $4.00 Hold +189.9% Assigned 16.09.26on TipRanks Sep 22 21:04 −1.0%next day +3.8% · 5 days −1.1%
Craig Irwin★★★★★★★★★★#1062 · hits 46% · avg +10.9% Roth MKM $3.50 → $5.00+42.9% Buy +262.3% Reiterated 12.08.26on TipRanks 07:30 +2.9%next day −0.3% · 5 days −1.3%
Steve Fleishman★★★★★★★★★★#2060 · hits 55% · avg +8.2% Wolfe Research — Hold — Reiterated 11.08.26on TipRanks Aug 12 08:10 +5.5%next day +2.9% · 5 days −2.3%
Vikram Bagri★★★★★★★★★★#12347 · hits 38% · avg −17.6% Citi $0.75 Sell −45.7% Reiterated 11.08.26on TipRanks Aug 12 01:15 +5.5%next day +2.9% · 5 days −2.3%
Unknown Analyst Oppenheimer — Hold — Reiterated 11.08.26on TipRanks 08:35 +5.5%next day +2.9% · 5 days −2.3%
Jeff Osborne★★★★★★★★★★#5638 · hits 46% · avg +1.2% TD Cowen $3.00 Hold +117.4% Reiterated 11.08.26on TipRanks 02:25 +5.5%next day +2.9% · 5 days −2.3%
Ameet Thakkar★★★★★★★★★★#11158 · hits 55% · avg −3.4% BMO Capital $1.20 → $1.30+8.3% Sell −5.8% Reiterated 10.08.26on TipRanks Aug 11 08:35 −3.2%next day +5.5% · 5 days +8.1%
Gregory Lewis★★★★★★★★★★#224 · hits 56% · avg +26.0% BTIG — Hold — Reiterated 10.08.26on TipRanks Aug 11 07:10 −3.2%next day +5.5% · 5 days +8.1%
Michael Blum★★★★★★★★★★#275 · hits 69% · avg +14.0% Wells Fargo $1.00 → $4.00+300.0% Hold +189.9% Reiterated 25.06.26on TipRanks Jun 28 20:55 −1.7%next day −0.4% · 5 days +1.3%
Ryan Pfingst★★★★★★★★★★#564 · hits 42% · avg +58.0% B. Riley Securities $3.00 → $5.00+66.7% Buy +262.3% Reiterated 12.05.26on TipRanks 21:20 +10.7%next day −5.1% · 5 days −16.3%
Tim Moore CFA★★★★★★★★★★#12043 · hits 42% · avg −8.9% Clear Street $3.50 → $4.00+14.3% Buy +189.9% Reiterated 12.05.26on TipRanks 06:20 +1.3%next day +10.7% · 5 days −6.4%
Sangita Jain★★★★★★★★★★#1768 · hits 51% · avg +12.0% KeyBanc — Hold — Reiterated 12.05.26on TipRanks 05:07 +1.3%next day +10.7% · 5 days −6.4%
Julien Dumoulin Smith★★★★★★★★★★#774 · hits 62% · avg +8.9% Jefferies $2.00 → $1.80−10.0% Hold +30.4% Reiterated 09.03.26on TipRanks 09:20 +1.5%next day −2.6% · 5 days +4.1%
Bill Peterson★★★★★★★★★★#2254 · hits 49% · avg +6.9% J.P. Morgan — Hold — Reiterated 10.11.25on TipRanks Nov 11 07:50 −5.0%next day −1.4% · 5 days −16.2%

The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included

Best analysts covering Plug Power

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Ameet Thakkar★★★★★★★★★★BMO Capital · #11158
Hits 55%91 of 164 Average return −3.4%
1 year Ameet Thakkar★★★★★★★★★★BMO Capital · #11158
Hits 55%91 of 164 Average return −3.4%
2 years Ameet Thakkar★★★★★★★★★★BMO Capital · #11158
Hits 55%91 of 164 Average return −3.4%

Most profitable

3 months Craig Irwin★★★★★★★★★★Roth MKM · #1062
Hits 46%227 of 496 Average return +10.9%
1 year Craig Irwin★★★★★★★★★★Roth MKM · #1062
Hits 46%227 of 496 Average return +10.9%
2 years Craig Irwin★★★★★★★★★★Roth MKM · #1062
Hits 46%227 of 496 Average return +10.9%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $3.20 at a price of $1.94 (+64.7%); now: $3.00 at $1.38 (+117.4%).

$2.00$3.00$4.00Sep 15Oct 1Oct 15Top analysts$3.39Average target$3.00Price$1.38

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

0102038102Oct 25110133Nov10113Dec8102Jan 2662Feb1561Mar1561Apr17102May771Jun772Jul1362Aug1352Sep1152Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy100111
Buy777331
Hold1077655
Sell212222

Earnings and sales forecast

Next report: 09.11.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $-0.06 (from $-0.08 to $-0.04). Last quarter: $-0.14.

Sales

Next quarter’s sales estimate — $198M (from $180M to $251M). Last quarter: $178M.

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About Plug Power
  • CEO: Jose Luis Crespo
  • Employees: 2,344
  • 125 Vista Boulevard, Slingerlands, NY, 12159, US
  • www.plugpower.com

Plug Power Inc. specializes in providing comprehensive clean hydrogen and zero-emission fuel cell solutions. These innovative offerings cater to various sectors, including supply chain and logistics, on-road electric vehicles, and stationary power generation, with operations spanning North America and international markets. The company is actively constructing an end-to-end green hydrogen ecosystem, encompassing its production, efficient storage and delivery, and subsequent energy generation for both mobile and fixed applications. Its technological portfolio includes advanced proton exchange membrane (PEM) and fuel cell systems, fuel processing capabilities, and innovative fuel cell/battery hybrid designs. Furthermore, Plug Power develops the essential infrastructure for green hydrogen generation, storage, and dispensing. Among its flagship offerings is GenDrive, a hydrogen-powered PEM fuel cell system specifically engineered for material handling electric vehicles. GenFuel provides a complete liquid hydrogen fueling solution, covering generation, storage, delivery, and dispensing. GenCare is an IoT-driven service program that ensures ongoing maintenance and on-site support for various Plug Power systems, including GenDrive, GenSure, GenFuel, and ProGen. For stationary power needs, GenSure delivers modular PEM fuel cell power, crucial for backup and grid-support in telecommunications, transportation, and utility sectors. The company also offers GenKey, an integrated, ready-to-use solution for businesses transitioning to fuel cell power. ProGen represents the core fuel cell stack and engine technology, versatile enough for mobile and stationary fuel cell systems, and serving as engines in electric delivery vans. Additionally, GenFuel Electrolyzers are optimized hydrogen generators designed for clean hydrogen production. Plug Power distributes its products through a multi-channel approach, leveraging a direct sales force, collaborations with original equipment manufac

Data from the stock’s TipRanks forecast page, read 16 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗