
Plug Power (PLUG) Stock Forecast & Price Target
Plug Power (PLUG) Analyst Ratings
Bulls say
Plug Power's stock has seen a substantial increase of over 250% since May 15, 2025, significantly outperforming the S&P 500, driven by positive developments related to the One Big, Beautiful Bill Act (OBBBA) and strong execution in hydrogen production and electrolyzer deliveries. The company's strategic focus on building green hydrogen highways across North America and Europe positions it well for growth in multiple end markets, with particular strength anticipated in material handling due to impending site refreshes and increasing customer demands driven by EU decarbonization mandates. Additionally, Plug Power's efforts to enhance liquidity and operational efficiency, alongside securing significant contracts, are expected to further bolster its financial position and revenue growth in the coming years.
Bears say
Plug Power is facing significant challenges that contribute to a negative outlook on its stock, primarily due to the volatility and unpredictability within the renewable energy market. The company's ambition to establish a green hydrogen ecosystem is hindered by the pricing fluctuations associated with energy supply, as evidenced by extreme pricing levels driven by intermittent solar power supply in markets like Germany. Additionally, the reliance on the nascent hydrogen market, coupled with operational risks surrounding facility development and inventory management, raises concerns about sufficient capital and resources to effectively scale production and meet market demand.
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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