
Plug Power (PLUG) Stock Forecast & Price Target
Plug Power (PLUG) Analyst Ratings
Bulls say
Plug Power's stock has demonstrated a remarkable increase of over 250% since May 2025, significantly outperforming the S&P 500, which only saw a 14% increase in the same period; this growth has been driven by the favorable outcomes of the One Big, Beautiful Bill Act, successful hydrogen production and electrolyzer deliveries, and a resolution of prior operational challenges. The company's diverse pipeline and enhanced financial position are enabling it to secure contracts effectively, with expectations of revenue growth in 2026 stemming from anticipated material handling sales driven by site refresh opportunities. Additionally, Plug is capitalizing on the accelerating demand for electrolyzers in Europe, supported by EU decarbonization initiatives and significant funding, which positions the company well for international expansion and strong revenue generation across various sectors.
Bears say
The analysis of Plug Power's stock presents a negative outlook primarily due to the significant volatility in renewable energy pricing, as evidenced by the extreme price fluctuations in Germany's solar market, which can complicate the company's anticipated growth. This volatility, combined with the nascent nature of the hydrogen market and the associated operational risks, raises concerns about market adoption and the potential need for additional capital if facility developments are delayed. Furthermore, challenges related to the availability and cost of hydrogen, alongside an aging US grid infrastructure experiencing rising demand, contribute to concerns about the long-term viability and scalability of Plug Power's green hydrogen ecosystem.
This aggregate rating is based on analysts' research of Plug Power and is not a guaranteed prediction by Public.com or investment advice.
Plug Power (PLUG) Analyst Forecast & Price Prediction
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