PLUG POWER INC (PLUG) Forecast, Price Target & Analyst Ratings

NASDAQ:PLUG • US72919P2020

2.48 USD
+0.25 (+11.21%)
At close: Mar 4, 2026
2.45 USD
-0.03 (-1.21%)
After Hours: 3/4/2026, 4:43:34 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for PLUG POWER INC (PLUG).

Forecast Snapshot

Consensus Price Target

Price Target
$2.67
+ 7.61% Upside

Next Earnings Forecast

Earnings Estimate
Release DateMay 11, 2026
PeriodQ1 / 2026
EPS Estimate-$0.09
Revenue Estimate168.54M

ChartMill Buy Consensus

Rating
66.00%
Weighted Analyst Rating Score

Price Target Details & History

Consensus Price Target and Range

Mean target
$2.67
Upside
+ 7.61%
From current price of $2.48 to mean target of $2.67, Based on 30 analyst forecasts
Low
$0.76
Median
$2.53
High
$7.35

Price Target Revisions

1 Month
-1.32%
3 Months
-9.43%

Price Target Summary

30 analysts have analysed PLUG and the average price target is 2.67 USD. This implies a price increase of 7.61% is expected in the next year compared to the current price of 2.48.
The average price target has been revised downward by 9.43% in the past 3 months.
 → Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

PLUG Current Analyst RatingPLUG Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

PLUG Historical Analyst RatingsPLUG Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
66.00%
PLUG was analyzed by 30 analysts. The buy percentage consensus is at 66. So analysts seem to be have mildly positive about PLUG.
In the previous month the buy percentage consensus was at a similar level.
PLUG was analyzed by 30 analysts, which is quite many. So the average rating should be quite meaningful.
 → Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-04Wells FargoMaintains Equal-Weight -> Equal-Weight
2026-03-03HC Wainwright & Co.Reiterate Buy -> Buy
2026-01-09TD CowenDowngrade Buy -> Hold
2025-12-31Clear StreetUpgrade Hold -> Buy
2025-11-20Canaccord GenuityMaintains Hold -> Hold
2025-11-17SusquehannaMaintains Neutral -> Neutral
2025-11-11Canaccord GenuityMaintains Hold -> Hold
2025-10-13SusquehannaMaintains Neutral -> Neutral
2025-10-08Clear StreetDowngrade Buy -> Hold
2025-10-03HC Wainwright & Co.Maintains Buy -> Buy
2025-08-14Wells FargoMaintains Equal-Weight -> Equal-Weight
2025-08-12BMO CapitalMaintains Underperform -> Underperform
2025-07-23JefferiesMaintains Hold -> Hold
2025-07-21SusquehannaMaintains Neutral -> Neutral
2025-05-20JefferiesMaintains Hold -> Hold
2025-05-19Morgan StanleyMaintains Underweight -> Underweight
2025-05-14Wells FargoMaintains Equal-Weight -> Equal-Weight
2025-05-14Piper SandlerMaintains Underweight -> Underweight
2025-05-13Canaccord GenuityMaintains Hold -> Hold
2025-04-14SusquehannaMaintains Neutral -> Neutral
2025-04-08Seaport GlobalMaintains Sell -> Sell
2025-03-25HC Wainwright & Co.Reiterate Buy -> Buy
2025-03-24HC Wainwright & Co.Reiterate Buy -> Buy
2025-03-21UBSMaintains Neutral -> Neutral
2025-03-06Morgan StanleyMaintains Underweight -> Underweight

Next Earnings Forecast Details

Next Earnings Details

Release DateMay 11, 2026
PeriodQ1 / 2026
EPS Estimate-$0.09
Revenue Estimate168.54M
Revenue Q2Q26.08%
EPS Q2Q58.02%
Number of Analysts16

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.10%
EPS (1 Month)
0.00%
EPS (3 Months)
5.01%

Next Earnings Summary

PLUG is expected to report earnings on 5/11/2026. The consensus EPS estimate for the next earnings is -0.09 USD and the consensus revenue estimate is 168.54M USD.
The next earnings revenue estimate has been revised upward by 0.1% in the past 3 months.
 → Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
PLUG revenue by date.PLUG revenue by date.
701.44M
39.63%		891.34M
27.07%		628.814M
-29.45%		757.42M
20.45%		938.31M
23.88%		1.079B
14.99%		1.305B
20.95%		1.737B
33.10%		2.147B
23.60%		2.697B
25.62%		4.816B
78.57%		6.534B
35.67%
EBITDA
YoY % growth
PLUG ebitda by date.PLUG ebitda by date.
-622.735M
-54.25%		-1.003B
-61.06%		-977.82M
2.51%		-567.316M
41.98%		-211.308M
62.75%		-113.793M
46.15%		177.02M
255.56%		411.77M
132.61%		652.49M
58.46%		N/AN/AN/A
EBIT
YoY % growth
PLUG ebit by date.PLUG ebit by date.
-674.332M
-57.89%		-1.074B
-59.27%		-1.062B
1.08%		-782.725M
26.32%		-331.042M
57.71%		-217.34M
34.35%		-47.97M
77.93%		125.85M
362.35%		298.06M
136.84%		658.85M
121.05%		1.111B
68.63%		1.707B
53.65%
Operating Margin
PLUG operating margin by date.PLUG operating margin by date.
-96.14%-120.50%-168.95%-103.34%-35.28%-20.14%-3.68%7.25%13.88%24.43%23.07%26.12%
EPS
YoY % growth
PLUG eps by date.PLUG eps by date.
-1.25
-76.06%		-2.28
-82.40%		-2.72
-19.30%		-0.77
78.31%		-0.31
47.56%		-0.21
30.65%		-0.14
33.44%		0.01
109.50%		0.12
777.44%		0.30
148.50%		0.58
96.55%		0.98
68.42%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28
EPS
Q2Q % growth		-0.09
58.02%		-0.08
58.49%		-0.07
37.56%		-0.07
-10.21%		-0.06
32.89%		-0.06
31.20%		-0.05
37.83%		-0.04
35.22%		-0.07
-18.97%		-0.07
-14.29%		-0.05
-13.86%
Revenue
Q2Q % growth		168.54M
26.08%		195.37M
12.30%		237.34M
34.05%		270.6M
20.15%		214.56M
27.31%		237.27M
21.45%		281.4M
18.56%		324.89M
20.06%		195.04M
-9.10%		226.89M
-4.37%		312.29M
10.98%
EBITDA
Q2Q % growth		-73.065M
49.99%		-64.221M
48.40%		-52.721M
74.49%		-37.898M
57.29%		-50.718M
30.58%		-44.508M
30.70%		-29.569M
43.91%		-19.88M
47.54%		-18.156M
64.20%		-11.628M
73.87%		2.142M
107.24%
EBIT
Q2Q % growth		-105.502M
34.16%		-98.58M
35.73%		-86.556M
64.78%		-74.524M
38.35%		-69.555M
34.07%		-64.001M
35.08%		-56.727M
34.46%		-46.084M
38.16%		N/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

PLUG Yearly Revenue VS EstimatesPLUG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
PLUG Yearly EPS VS EstimatesPLUG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 -1 -2

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
20.69%
EPS Next 5 Year
17.10%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
19.88%
Revenue Next 5 Year
23.17%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
23.36%
EBIT Next 5 Year
19.56%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

PLUG POWER INC / PLUG Forecast FAQ

What is the price target for PLUG stock?

30 analysts have analysed PLUG and the average price target is 2.67 USD. This implies a price increase of 7.61% is expected in the next year compared to the current price of 2.48.


What is the next earnings date for PLUG stock?

PLUG POWER INC (PLUG) will report earnings on 2026-05-11, before the market open.


Can you provide the consensus estimates for PLUG POWER INC next earnings?

The consensus EPS estimate for the next earnings of PLUG POWER INC (PLUG) is -0.09 USD and the consensus revenue estimate is 168.54M USD.


How many analysts have analysed PLUG POWER INC (PLUG)?

The number of analysts covering PLUG POWER INC (PLUG) is 30.