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Plug Power Analyst Ratings

PLUGNASDAQ
Logo brought to you by Benzinga Data
$2.22
-0.1-4.31%
At close: Dec 15, 4:00 PM EST
$2.22
N/A
After Hours: 5:05 PM EST
Consensus Rating1
Buy
Highest Price Target1
$12.00
Lowest Price Target1
$0.50
Consensus Price Target1
$4.10

Plug Power Analyst Ratings and Price Targets | NASDAQ:PLUG | Benzinga

Plug Power Inc has a consensus price target of $4.1 based on the ratings of 30 analysts. The high is $12 issued by JP Morgan on October 5, 2023. The low is $0.5 issued by Morgan Stanley on May 19, 2025. The 3 most-recent analyst ratings were released by Canaccord Genuity, Susquehanna, and Canaccord Genuity on November 20, 2025, November 17, 2025, and November 11, 2025, respectively. With an average price target of $2.5 between Canaccord Genuity, Susquehanna, and Canaccord Genuity, there's an implied 12.62% upside for Plug Power Inc from these most-recent analyst ratings.

Analyst Trends and Forecast

1
Jul
1
1
Aug
1
1
Oct
1
Nov
Buy
Hold
Sell
Strong Sell

Analyst Rating and Forecast

12345
2.7
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Canaccord Genuity
Susquehanna
Clear Street
HC Wainwright & Co.
Wells Fargo

1calculated from analyst ratings

Analyst Ratings for Plug Power

Get Alert
Nov 20, 2025
12.62%
2.5
2.5
Previous
Hold
Current
Hold
Get Alert
Nov 17, 2025
12.62%
2.5
3.5
Previous
Neutral
Current
Neutral
Get Alert
Nov 11, 2025
12.62%
1.25
2.5
Previous
Hold
Current
Hold
Get Alert
Oct 13, 2025
57.66%
1.8
3.5
Previous
Neutral
Current
Neutral
Get Alert
Oct 8, 2025
57.66%
3.5
Previous
Buy
Current
Hold
Get Alert
Oct 3, 2025
215.33%
3
7
Previous
Buy
Current
Buy
Get Alert
Aug 14, 2025
-32.43%
1
1.5
Previous
Equal-Weight
Current
Equal-Weight
Get Alert
Aug 12, 2025
-54.95%
1
1.1
Previous
Underperform
Current
Underperform
Get Alert
Jul 23, 2025
-27.92%
0.9
1.6
Previous
Hold
Current
Hold
Get Alert
Jul 21, 2025
-18.92%
1
1.8
Previous
Neutral
Current
Neutral
Get Alert
May 20, 2025
-59.46%
0.9
1.7
Previous
Hold
Current
Hold
Get Alert
May 19, 2025
-77.48%
0.5
1.25
Previous
Underweight
Current
Underweight
Get Alert
May 14, 2025
-63.96%
0.8
1.1
Previous
Underweight
Current
Underweight
Get Alert
May 14, 2025
-54.95%
1
2
Previous
Equal-Weight
Current
Equal-Weight
Get Alert
May 13, 2025
-54.95%
1
1.25
Previous
Hold
Current
Hold
Get Alert
Apr 14, 2025
-43.69%
1.25
1.8
Previous
Neutral
Current
Neutral
Get Alert
Apr 8, 2025
-66.21%
0.75
1
Previous
Sell
Current
Sell
Get Alert
Mar 25, 2025
35.14%
3
3
Previous
Buy
Current
Buy
Get Alert
Mar 24, 2025
35.14%
3
3
Previous
Buy
Current
Buy
Get Alert
Mar 21, 2025
-21.17%
1.75
2.5
Previous
Neutral
Current
Neutral
Get Alert
Mar 11, 2025
-23.42%
1.7
2.8
Previous
Hold
Current
Hold
Get Alert
Mar 6, 2025
-27.92%
1.6
1.75
Previous
Underweight
Current
Underweight
Get Alert
Mar 5, 2025
-43.69%
1.25
2
Previous
Hold
Current
Hold
Get Alert
Mar 5, 2025
-32.43%
1.5
2
Previous
Hold
Current
Hold
Get Alert
Mar 5, 2025
35.14%
3
4
Previous
Buy
Current
Buy
Get Alert
Mar 5, 2025
-50.45%
1.1
1.4
Previous
Underweight
Current
Underweight
Get Alert
Mar 5, 2025
-18.92%
1.8
2.5
Previous
Neutral
Current
Neutral
Get Alert
Mar 5, 2025
-36.93%
1.4
1.6
Previous
Underperform
Current
Underperform
Get Alert
Mar 5, 2025
35.14%
3
5
Previous
Buy
Current
Buy
Get Alert
Jan 27, 2025
-54.95%
1
Previous
Neutral
Current
Sell
Get Alert
Jan 16, 2025
12.62%
2
2.5
Previous
Neutral
Current
Neutral
Get Alert
Nov 18, 2024
125.24%
5
18
Previous
Buy
Current
Buy
Get Alert
Nov 15, 2024
-14.41%
1.9
2
Previous
Hold
Current
Hold
Get Alert
Nov 15, 2024
-9.91%
2
2.25
Previous
Hold
Current
Hold
Get Alert
Nov 14, 2024
35.14%
3
4
Previous
Buy
Current
Buy
Get Alert
Nov 14, 2024
-9.91%
2
3
Previous
Equal-Weight
Current
Equal-Weight
Get Alert
Nov 14, 2024
-36.93%
1.4
1.6
Previous
Underweight
Current
Underweight
Get Alert
Nov 14, 2024
—
—
Previous
Buy
Current
Neutral
Get Alert
Nov 13, 2024
80.19%
4
5
Previous
Outperform
Current
Outperform
Get Alert
Nov 13, 2024
1.36%
2.25
2.5
Previous
Hold
Current
Hold
Get Alert
Nov 13, 2024
710.85%
18
18
Previous
Buy
Current
Buy
Get Alert
Oct 15, 2024
-21.17%
1.75
2.5
Previous
Underweight
Current
Underweight
Get Alert
Oct 3, 2024
-9.91%
2
2.2
Previous
Hold
Current
Hold
Get Alert
Aug 12, 2024
12.62%
2.5
3.5
Previous
Sector Perform
Current
Sector Perform
Get Alert
Aug 12, 2024
-9.91%
2
3
Previous
Neutral
Current
Neutral
Get Alert
Aug 12, 2024
-9.91%
2
3
Previous
Hold
Current
Hold
Get Alert
Aug 12, 2024
12.62%
2.5
3
Previous
Hold
Current
Hold
Get Alert
Aug 9, 2024
80.19%
4
5
Previous
Buy
Current
Buy
Get Alert
Aug 9, 2024
35.14%
3
4
Previous
Equal-Weight
Current
Equal-Weight
Get Alert
Jul 22, 2024
8.11%
2.4
2.5
Previous
Underweight
Current
Underweight
Get Alert
May 14, 2024
710.85%
18
18
Previous
Buy
Current
Buy
Get Alert
May 13, 2024
35.14%
3
4
Previous
Hold
Current
Hold
Get Alert
May 10, 2024
125.24%
5
7
Previous
Buy
Current
Buy
Get Alert
May 10, 2024
12.62%
2.5
3
Previous
Underweight
Current
Underweight
Get Alert
May 10, 2024
12.62%
2.5
2.9
Previous
Underweight
Current
Underweight
Get Alert
May 10, 2024
35.14%
3
3.5
Previous
Neutral
Current
Neutral
Get Alert
Apr 5, 2024
-9.91%
2
3.25
Previous
Neutral
Current
Sell
Get Alert
Mar 5, 2024
282.9%
8.5
9
Previous
Buy
Current
Buy
Get Alert
Mar 5, 2024
30.64%
2.8
2.9
Previous
Underweight
Current
Underweight
Get Alert
Mar 4, 2024
170.28%
6
9
Previous
Outperform
Current
Outperform
Get Alert
Mar 4, 2024
125.24%
5
6
Previous
Buy
Current
Buy
Get Alert
Mar 4, 2024
80.19%
4
5
Previous
Hold
Current
Hold
Get Alert
Feb 28, 2024
80.19%
3
4
Previous
Hold
Current
Hold
Get Alert
Feb 6, 2024
113.97%
4.75
Previous
Buy
Current
Neutral
Get Alert
Feb 6, 2024
102.71%
4.5
Previous
Initiates
Current
Neutral
Get Alert
Feb 6, 2024
—
—
Previous
Buy
Current
Neutral
Get Alert
Jan 31, 2024
305.42%
4.5
9
Previous
Neutral
Current
Buy
Get Alert
Jan 24, 2024
57.66%
3.5
4.5
Previous
Neutral
Current
Neutral
Get Alert
Jan 24, 2024
57.66%
3.5
5
Previous
Sector Perform
Current
Sector Perform
Get Alert
Jan 24, 2024
26.13%
2.3
2.8
Previous
Underweight
Current
Underweight
Get Alert
Jan 24, 2024
260.38%
8
18
Previous
Buy
Current
Buy
Get Alert
Jan 24, 2024
102.71%
4
4.5
Previous
Neutral
Current
Neutral
Get Alert
Jan 24, 2024
12.62%
2.5
3.5
Previous
Market Perform
Current
Underperform
Get Alert
Jan 23, 2024
35.14%
3
6
Previous
Hold
Current
Hold
Get Alert
Jan 11, 2024
—
—
Previous
Positive
Current
Neutral
Get Alert
Dec 22, 2023
395.52%
11
Previous
Buy
Current
Buy
Get Alert
Dec 19, 2023
3.61%
2.3
6.5
Previous
Neutral
Current
Underweight
Get Alert
Dec 6, 2023
35.14%
3
3.5
Previous
Equal-Weight
Current
Underweight
Get Alert
Nov 16, 2023
125.24%
5
12.5
Previous
Buy
Current
Neutral
Get Alert
Nov 14, 2023
125.24%
5
15.5
Previous
Buy
Current
Buy
Get Alert
Nov 14, 2023
170.28%
6
Previous
Buy
Current
Hold
Get Alert
Nov 14, 2023
80.19%
4
7
Previous
Equal-Weight
Current
Equal-Weight
Get Alert
Nov 13, 2023
57.66%
3.5
9
Previous
Equal-Weight
Current
Equal-Weight
Get Alert
Nov 10, 2023
68.93%
3.75
8
Previous
Market Perform
Current
Market Perform
Get Alert
Nov 10, 2023
170.28%
6
Previous
Buy
Current
Hold
Get Alert
Nov 10, 2023
215.33%
7
Previous
Outperform
Current
Market Perform
Get Alert
Nov 10, 2023
—
—
Previous
Outperform
Current
Perform
Get Alert
Nov 10, 2023
170.28%
6
10
Previous
Overweight
Current
Neutral
Get Alert
Nov 10, 2023
170.28%
6
8
Previous
Hold
Current
Hold
Get Alert
Nov 10, 2023
305.42%
9
13
Previous
Positive
Current
Positive
Get Alert
Nov 10, 2023
125.24%
5
12
Previous
Outperform
Current
Sector Perform
Get Alert
Oct 17, 2023
305.42%
9
10
Previous
Equal-Weight
Current
Equal-Weight
Get Alert
Oct 16, 2023
1116.27%
27
78
Previous
Buy
Current
Buy
Get Alert
Oct 12, 2023
485.61%
13
14
Previous
Positive
Current
Positive
Get Alert
Oct 10, 2023
463.09%
12.5
13
Previous
Buy
Current
Buy
Get Alert
Oct 5, 2023
440.56%
12
14
Previous
Overweight
Current
Overweight
Get Alert
Oct 2, 2023
260.38%
8
9
Previous
Hold
Current
Hold
Get Alert
Sep 25, 2023
395.52%
11
Previous
Initiates
Current
Buy
Get Alert
Aug 31, 2023
350.47%
10
15
Previous
Equal-Weight
Current
Equal-Weight
Get Alert
Aug 24, 2023
260.38%
8
10.25
Previous
Market Perform
Current
Market Perform
Get Alert

FAQ

Q

What is the target price for Plug Power (PLUG) stock?

A

The latest price target for Plug Power (NASDAQ:PLUG) was reported by Canaccord Genuity on November 20, 2025. The analyst firm set a price target for $2.50 expecting PLUG to rise to within 12 months (a possible 12.61% upside). 31 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Plug Power (PLUG)?

A

The latest analyst rating for Plug Power (NASDAQ:PLUG) was provided by Canaccord Genuity, and Plug Power maintained their hold rating.

Q

When was the last upgrade for Plug Power (PLUG)?

A

The last upgrade for Plug Power Inc happened on January 31, 2024 when Roth MKM raised their price target to $9. Roth MKM previously had a neutral for Plug Power Inc.

Q

When was the last downgrade for Plug Power (PLUG)?

A

The last downgrade for Plug Power Inc happened on October 8, 2025 when Clear Street changed their price target from N/A to $3.5 for Plug Power Inc.

Q

When is the next analyst rating going to be posted or updated for Plug Power (PLUG)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Plug Power, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Plug Power was filed on November 20, 2025 so you should expect the next rating to be made available sometime around November 20, 2026.

Q

Is the Analyst Rating Plug Power (PLUG) correct?

A

While ratings are subjective and will change, the latest Plug Power (PLUG) rating was a maintained with a price target of $2.50 to $2.50. The current price Plug Power (PLUG) is trading at is $2.22, which is out of the analyst’s predicted range.

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