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

NASDAQ:PLUG • US72919P2020

Current stock price

3.07 USD
-0.07 (-2.23%)
Last:

Analyst forecast overview

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
$2.81
-8.57% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 13, 2026
Period
Q1 / 2026
EPS Estimate
-$0.10
Revenue Estimate
145.35M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
66.90%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$2.81
Upside
-8.57%
From current price of $3.07 to mean target of $2.81, Based on 29 analyst forecasts
Low
$0.76
Median
$2.54
High
$7.35

Price Target Revisions

1 Month
5.17%
3 Months
3.78%

Price Target Summary

29 Wall Street analysts provided a forecast for the next 12 months for PLUG. The average price target is 2.81 USD. This implies a price decrease of -8.57% is expected in the next year compared to the current price of 3.07.
The average price target has been revised upward by 3.78% 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 2 4 6 8 10

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
66.90%
PLUG was analyzed by 29 analysts. The buy percentage consensus is at 67. 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 29 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-09SusquehannaMaintains Neutral -> Neutral
2026-03-09JefferiesMaintains Hold -> Hold
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

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 13, 2026
Period
Q1 / 2026
EPS Estimate
-$0.10
Revenue Estimate
145.35M
Revenue Q2Q
8.73%
EPS Q2Q
54.02%
Number of Analysts
19

Next Earnings Revisions

Revenue (1 Month)
-0.35%
Revenue (3 Months)
-14.56%
EPS (1 Month)
0.35%
EPS (3 Months)
-9.58%

Next Earnings Summary

PLUG is expected to report earnings on 5/13/2026. The consensus EPS estimate for the next earnings is -0.1 USD and the consensus revenue estimate is 145.35M USD.
The next earnings revenue estimate has been revised downward by 14.56% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

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

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
PLUG revenue by date.PLUG revenue by date.
891.34M
27.07%		628.814M
-29.45%		709.919M
12.90%		899.23M
26.67%		972.02M
8.09%		1.176B
20.99%		1.548B
31.63%		1.922B
24.16%		2.342B
21.85%		4.717B
101.41%		6.425B
36.21%
EBITDA
YoY % growth
PLUG ebitda by date.PLUG ebitda by date.
-1.003B
-61.06%		-977.82M
2.51%		-611.524M
37.46%		-241.739M
60.47%		-112.546M
53.44%		47.721M
142.40%		233.89M
390.12%		351.8M
50.41%		257.04M
-26.94%		N/AN/A
EBIT
YoY % growth
PLUG ebit by date.PLUG ebit by date.
-1.074B
-59.27%		-1.062B
1.08%		-656.084M
38.24%		-347.827M
46.98%		-224.919M
35.34%		-111.5M
50.43%		107.05M
196.01%		233.06M
117.71%		639.1M
174.22%		1.075B
68.21%		1.668B
55.16%
Operating Margin
PLUG operating margin by date.PLUG operating margin by date.
-120.50%-168.95%-92.42%-38.68%-23.14%-9.48%6.92%12.13%27.29%22.79%25.96%
EPS
YoY % growth
PLUG eps by date.PLUG eps by date.
-2.28
-82.40%		-2.72
-19.30%		-1.17
56.99%		-0.31
73.14%		-0.21
32.99%		-0.17
20.71%		0.01
103.05%		0.11
2,100.00%		0.30
163.64%		0.57
93.10%		0.95
66.07%

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 Q4 / 28
EPS
Q2Q % growth		-0.10
54.02%		-0.09
55.16%		-0.07
38.29%		-0.05
91.59%		-0.06
40.67%		-0.05
41.24%		-0.04
41.01%		-0.04
31.50%		-0.11
-92.27%		-0.10
-97.41%		-0.09
-117.14%		-0.09
-140.53%
Revenue
Q2Q % growth		145.35M
8.73%		167.31M
-3.83%		221.93M
25.35%		288.68M
28.18%		174.38M
19.97%		195.05M
16.58%		259.39M
16.88%		336.73M
16.64%		171.49M
-1.66%		189.27M
-2.96%		310.05M
19.53%		382.2M
13.50%
EBITDA
Q2Q % growth		-83.765M
42.66%		-76.114M
38.85%		-55.867M
72.97%		-33.89M
35.02%		-53.908M
35.64%		-46.729M
38.61%		-33.317M
40.36%		-11.3M
66.66%		-86.496M
-60.45%		-78.234M
-67.42%		-65.484M
-96.55%		-32.946M
-191.55%
EBIT
Q2Q % growth		-108.485M
32.30%		-100.011M
34.80%		-79.086M
67.82%		-53.985M
44.18%		-65.853M
39.30%		-58.726M
41.28%		-46.925M
40.67%		-28.998M
46.29%		N/AN/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
22.92%
EPS Next 5 Year
15.95%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
15.80%
Revenue Next 5 Year
20.47%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
27.26%
EBIT Next 5 Year
19.62%
→ 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?

29 analysts have analysed PLUG and the average price target is 2.81 USD. This implies a price decrease of -8.57% is expected in the next year compared to the current price of 3.07.

What is the next earnings date for PLUG stock?

PLUG POWER INC (PLUG) will report earnings on 2026-05-13, before the market open.

What are the consensus estimates for PLUG POWER INC (PLUG) next earnings?

The consensus EPS estimate for the next earnings of PLUG POWER INC (PLUG) is -0.1 USD and the consensus revenue estimate is 145.35M USD.

Can you provide the consensus rating for PLUG POWER INC stock?

The consensus rating for PLUG POWER INC (PLUG) is 66.8966 / 100 . This indicates that analysts generally have a neutral outlook on the stock.