Plug stock forecast 2025

What happened

After a stunning rally in the past week or so, shares of Plug Power(NASDAQ:PLUG) dropped Thursday as the company kicked off its much-awaited annual event, called the Plug Symposium, and provided important updates. Shares of the hydrogen fuel-cell company were trading down % as of 11 a.m. EDT today.

So what

Before revealing its long-term financial goals, Plug Power announced a deal the first thing Thursday morning: It will acquire Applied Cryo Technologies, a company that manufactures cryogenic trailers and storage equipment that Plug Power can use to store and deliver green hydrogen. Plug Power also announced a partnership to build an electrolyzer factory in Australia.

Just the previous day, Plug Power sealed a deal with Phillips 66 to explore opportunities to deploy its green hydrogen technology at the oil and gas giant's facilities. Plug Power also struck a partnership with Airbus on Oct. 13 to research and deploy green hydrogen infrastructure in the aviation industry.

This morning, though, it appears Plug Power's financial goals fell short of the market's lofty expectations that were fueled by multiple analyst upgrades on the stock in the past few days, which had sent the stock surging.

Image source: Getty Images.

Truth is, there's nothing to dislike in those numbers. Here are the two most important forecasts from the Plug Symposium:

• $ million to $ million in sales for
• $3 billion in annual sales by

First, its latest guidance is substantially higher than its previous sales projection of $ million and could translate into astounding growth of 65% in sales over

Second, Plug Power's guidance again indicates management is even more upbeat about its top-line potential, given that it guided for only $ billion in sales for at its last symposium.

Now what

It's important to understand that by sales, Plug Power is referring to gross billings, or the invoice value of equipment it deploys and services it renders. That might explain why the company generated negative revenue in after the value of warrants it issued to a key customer exceeded the value of services it rendered thanks to a meteoric rise in Plug Power's share price.

Since Plug Power's revenue should ideally now be close to its gross billings numbers, revenue worth around $3 billion by sounds promising. Investors in the growth stock, though, will now want to see the company convert that revenue into profits. With management not providing any hint about it yet, the market perhaps suddenly feels the stock might have run up too much too fast in recent days and could be a risky bet. 

The price of Plug Power stock has been moving down following the release of the company’s second-quarter earnings report – the New York-based hydrogen fuel cell solutions provider reported a wider-than-expected loss.

The company said that it had successfully made changes to its supply chain, including a transition from a more expensive supplier to a new partner that should provide all the hydrogen the company needs at a lower cost.

Market participants appear to be worried that these one-time costs may not be as isolated as the company claims – sentiment reflected by the latest drop in the share price. These concerns could also weigh on Plug Power’s stock outlook.

Based on current technical readings and fundamentals, is this recent downtrend opening up an opportunity to buy shares in the renewable energy solutions provider at a lower price or is the negative momentum poised to continue? 

In the following Plug Power share price forecast, we’ll discuss the company’s latest price action and fundamentals, and outline plausible scenarios as we approach the end of the third quarter of

Plug Power stock news

Aside from its latest earnings report, other news coming out of Plug Power includes the appointment of four new general managers. On 19 August , the company announced that these four key employees will work alongside Chief Executive Andy Marsh by leading individual business units.

The appointments will help the company manage its vertically integrated business to accelerate growth. Moving forward, Plug Power’s business structure will be broken down into four different units, as follows:

• Electrolyzer Solutions – led by Ole Hoefelmann, a year veteran of the hydrogen industry.

• Material Handling Solutions – led by Jose Luis Crespo, a seasoned professional with a strong retail background that will lead the company’s relationships with its customers.

• Mobility and Stationary Power Solutions – led by Keith Schmidt, who will be overseeing the firm’s R&D efforts and the rollout of crucial infrastructure for the deployment of PLUG’s solutions, products, and services.

• Energy Solutions – led by Sanjar Shrestha, who has been serving as Chief Strategy Officer for the company since He will be in charge of building the company’s hydrogen production network across the United States.

Plug Power technical analysis

Plug Power stock has posted three consecutive lower highs after reaching its June post-squeeze peak of $ a share. It’s important to remember that the price of PLUG was severely distorted back in January-February, when coordinated efforts from retail traders from the popular Reddit messaging platform Wall Street Bets managed to pull a short-squeeze on the stock.

Back then, major volumes in short-dated call options led to a gamma squeeze that eventually turned into a short-squeeze as Plug Power shares were heavily shorted.

However, as the bulls’ ammunition depleted, bears took over and managed to drop the price from its week closing high of $ to a post-squeeze closing low of $20 pear share on 10 May.

Since hitting that low, the price has bounced but positive momentum has recently faded as the stock has descended from the $ level to $ a share. At the moment, the descending triangle formation, highlighted in the Plug Power stock chart above, seems to be in play as a result of the combination of these three consecutive lower highs and a seemingly relevant support level at $

How the price action reacts after the recent tag of this support could help traders in figuring a directional Plug Power stock prediction. In this regard, a break below the $24 level may lead to a retest of the $20 support, while a break above the $ threshold could see the $34 resistance retested.

Trading volumes will likely play a key role in figuring if a break in any direction is relevant, as above-average volumes tend to validate the importance of certain price marks.

This opinion is made based on a technical assessment of PLUG’s price action. It should not be considered as a recommendation to invest in the stock. The price could behave differently than outlined above. And you should always conduct your own research before investing.

Plug Power fundamental analysis

Plug Power revenues have grown from $82m in to $m in at a compounded annual growth rate (CAGR) of 41%. However, the company had to recognise the negative impact of the accelerated vesting of remaining warrants, resulting in negative revenues of $94m during the full fiscal year.

On the other hand, gross profits swung into positive territory before this restatement as Plug Power reported $m in top-line profits on the $m in revenue for

That said, the company has not managed to swing into positive bottom-line profitability, reporting net losses for the past five years (), and burned nearly $m in cash last year.

By the end of the second quarter of , the company had cash and equivalents of $bn and long-term debt of $m on assets of $bn. With this in mind, solvency doesn’t seem to be a concern for Plug Power. However, subsequent equity offerings may further dilute shareholders and it’s possible that Plug Power will need to raise more money to fund its ambitious projects.

At its current market capitalisation of around $14bn, the company is trading at 28 times its forecasted sales for , according to data compiled by Koyfin. The fact that the business has not generated positive cash flows, and it’s still struggling to make its business model feasible makes Plug Power a high-risk investment.

In this regard, any setbacks concerning the company’s ability to reach its goals of becoming a dominant force in the up-and-coming hydrogen energy market may lead to a big fall in its valuation. 

At the current valuation, a lot of hope seems to be priced into the stock, which means that positive developments may not have a sizable impact on the stock price unless they result in a significant change in the firm’s top and bottom-line results.

According to data from Market Research Future, the market for hydrogen fuel cells is expected to grow to $bn by the end of With that in mind, the market for Plug Power’s solutions and products is still fairly untapped and, if the company manages to reach its goals, its upside potential could be huge. 

That said, other businesses are also competing with Plug Power including Panasonic Corporation and FuelCell Energy. 

Plug Power (PLUG) stock forecast

Looking at both the price action and the company’s fundamentals, there seems to be enough evidence to support a bearish outlook for the stock – based on the company’s struggles to report positive top-line results along with the bearish momentum that the price action is displaying.

This view might only be confirmed if the price moves below the $24 threshold, as that could lead to an accelerated downtrend.

This opinion is formed based on an analysis of the factors mentioned above, and should not be taken as a recommendation to invest in Plug Power stock.

Plug Power stock forecast for  

Will Plug Powerstock go up? Nobody can foretell with % accuracy if the price of a stock will rise in the future. However, an algorithm-based Plug Power stock forecast for made by Wallet Investor says that the price could land at around $74 and $76 a share by the end of those 5 years.

Analysts surveyed by TipRanks back a positive Plug Power stock price forecast, as of 13 September The stock got a “Moderate Buy” smart score rating, based on positive investor sentiment and technical analysis data.

Another algorithm-based service, Gov Capital, also shared positive views with its PLUG stock prediction. According to their data, the stock can end at $, continue moving up to $ by the end of December and hit $ in

Bear in mind that any analyst predictions and price targets can be wrong. Markets are volatile and the price of an asset can always go against you. We encourage you to do your own due diligence before making any trading decision.

Note that with contracts for difference (CFDs), you can try to benefit from the stock’s price movement going up or down. Open a long trade, if you believe in a positive PLUG stock projection, or go short, if you think the price will move down. Mind that CFDs are leveraged products, which means both profit and loss can be magnified. Make sure you understand how CFDs work and never invest more than you can afford to lose. 

Edited by Alexandra Pankratyeva

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Plug Power Stock Forecast

Plug Power Stock Forecast

Plug Power Stock Forecast

Plug Power Stock Forecast

Plug Power Stock Forecast

Plug Power Stock Forecast

The 18 Wall Street analysts offering Plug Power stock forecast in the last 6 months have average price target of $ with a high forecast of $ and a low forecast of $ The average Plug Power stock forecast represents a % decrease from the last price of $

From AI system, total return is % from forecasts. For Plug Power stock forecast , 2 predictions are offered for each month of with average Plug Power stock forecast of $, a high forecast of $, and a low forecast of $ The average Plug Power stock forecast represents a % decrease from the last price of $

For Plug Power stock forecast , 12 predictions are offered for each month of with average Plug Power stock forecast of $, a high forecast of $, and a low forecast of $ The average Plug Power stock forecast represents a % decrease from the last price of $

For Plug Power stock forecast , 12 predictions are offered for each month of with average Plug Power stock forecast of $, a high forecast of $, and a low forecast of $ The average Plug Power stock forecast represents a % decrease from the last price of $

For Plug Power stock forecast (5 year), 12 predictions are offered for each month of with average Plug Power stock forecast of $, a high forecast of $, and a low forecast of $ The average Plug Power stock forecast represents a % decrease from the last price of $

For Plug Power stock forecast , 12 predictions are offered for each month of with average Plug Power stock forecast of $, a high forecast of $, and a low forecast of $ The average Plug Power stock forecast represents a % decrease from the last price of $

For Plug Power stock forecast (10 year), 10 predictions are offered for each month of with average Plug Power stock forecast of $, a high forecast of $, and a low forecast of $ The average Plug Power stock forecast represents a % decrease from the last price of $ Please, see more forecasts below.