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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.
1calculated from analyst ratings
| Get Alert | |||||
|---|---|---|---|---|---|
| Nov 20, 2025 | 12.62% | 2.52.5 | Previous Hold Current Hold | Get Alert | |
| Nov 17, 2025 | 12.62% | 2.53.5 | Previous Neutral Current Neutral | Get Alert | |
| Nov 11, 2025 | 12.62% | 1.252.5 | Previous Hold Current Hold | Get Alert | |
| Oct 13, 2025 | 57.66% | 1.83.5 | Previous Neutral Current Neutral | Get Alert | |
| Oct 8, 2025 | 57.66% | 3.5 | Previous Buy Current Hold | Get Alert | |
| Oct 3, 2025 | 215.33% | 37 | Previous Buy Current Buy | Get Alert | |
| Aug 14, 2025 | -32.43% | 11.5 | Previous Equal-Weight Current Equal-Weight | Get Alert | |
| Aug 12, 2025 | -54.95% | 11.1 | Previous Underperform Current Underperform | Get Alert | |
| Jul 23, 2025 | -27.92% | 0.91.6 | Previous Hold Current Hold | Get Alert | |
| Jul 21, 2025 | -18.92% | 11.8 | Previous Neutral Current Neutral | Get Alert | |
| May 20, 2025 | -59.46% | 0.91.7 | Previous Hold Current Hold | Get Alert | |
| May 19, 2025 | -77.48% | 0.51.25 | Previous Underweight Current Underweight | Get Alert | |
| May 14, 2025 | -63.96% | 0.81.1 | Previous Underweight Current Underweight | Get Alert | |
| May 14, 2025 | -54.95% | 12 | Previous Equal-Weight Current Equal-Weight | Get Alert | |
| May 13, 2025 | -54.95% | 11.25 | Previous Hold Current Hold | Get Alert | |
| Apr 14, 2025 | -43.69% | 1.251.8 | Previous Neutral Current Neutral | Get Alert | |
| Apr 8, 2025 | -66.21% | 0.751 | Previous Sell Current Sell | Get Alert | |
| Mar 25, 2025 | 35.14% | 33 | Previous Buy Current Buy | Get Alert | |
| Mar 24, 2025 | 35.14% | 33 | Previous Buy Current Buy | Get Alert | |
| Mar 21, 2025 | -21.17% | 1.752.5 | Previous Neutral Current Neutral | Get Alert | |
| Mar 11, 2025 | -23.42% | 1.72.8 | Previous Hold Current Hold | Get Alert | |
| Mar 6, 2025 | -27.92% | 1.61.75 | Previous Underweight Current Underweight | Get Alert | |
| Mar 5, 2025 | -43.69% | 1.252 | Previous Hold Current Hold | Get Alert | |
| Mar 5, 2025 | -32.43% | 1.52 | Previous Hold Current Hold | Get Alert | |
| Mar 5, 2025 | 35.14% | 34 | Previous Buy Current Buy | Get Alert | |
| Mar 5, 2025 | -50.45% | 1.11.4 | Previous Underweight Current Underweight | Get Alert | |
| Mar 5, 2025 | -18.92% | 1.82.5 | Previous Neutral Current Neutral | Get Alert | |
| Mar 5, 2025 | -36.93% | 1.41.6 | Previous Underperform Current Underperform | Get Alert | |
| Mar 5, 2025 | 35.14% | 35 | Previous Buy Current Buy | Get Alert | |
| Jan 27, 2025 | -54.95% | 1 | Previous Neutral Current Sell | Get Alert | |
| Jan 16, 2025 | 12.62% | 22.5 | Previous Neutral Current Neutral | Get Alert | |
| Nov 18, 2024 | 125.24% | 518 | Previous Buy Current Buy | Get Alert | |
| Nov 15, 2024 | -14.41% | 1.92 | Previous Hold Current Hold | Get Alert | |
| Nov 15, 2024 | -9.91% | 22.25 | Previous Hold Current Hold | Get Alert | |
| Nov 14, 2024 | 35.14% | 34 | Previous Buy Current Buy | Get Alert | |
| Nov 14, 2024 | -9.91% | 23 | Previous Equal-Weight Current Equal-Weight | Get Alert | |
| Nov 14, 2024 | -36.93% | 1.41.6 | Previous Underweight Current Underweight | Get Alert | |
| Nov 14, 2024 | — | — | Previous Buy Current Neutral | Get Alert | |
| Nov 13, 2024 | 80.19% | 45 | Previous Outperform Current Outperform | Get Alert | |
| Nov 13, 2024 | 1.36% | 2.252.5 | Previous Hold Current Hold | Get Alert | |
| Nov 13, 2024 | 710.85% | 1818 | Previous Buy Current Buy | Get Alert | |
| Oct 15, 2024 | -21.17% | 1.752.5 | Previous Underweight Current Underweight | Get Alert | |
| Oct 3, 2024 | -9.91% | 22.2 | Previous Hold Current Hold | Get Alert | |
| Aug 12, 2024 | 12.62% | 2.53.5 | Previous Sector Perform Current Sector Perform | Get Alert | |
| Aug 12, 2024 | -9.91% | 23 | Previous Neutral Current Neutral | Get Alert | |
| Aug 12, 2024 | -9.91% | 23 | Previous Hold Current Hold | Get Alert | |
| Aug 12, 2024 | 12.62% | 2.53 | Previous Hold Current Hold | Get Alert | |
| Aug 9, 2024 | 80.19% | 45 | Previous Buy Current Buy | Get Alert | |
| Aug 9, 2024 | 35.14% | 34 | Previous Equal-Weight Current Equal-Weight | Get Alert | |
| Jul 22, 2024 | 8.11% | 2.42.5 | Previous Underweight Current Underweight | Get Alert | |
| May 14, 2024 | 710.85% | 1818 | Previous Buy Current Buy | Get Alert | |
| May 13, 2024 | 35.14% | 34 | Previous Hold Current Hold | Get Alert | |
| May 10, 2024 | 125.24% | 57 | Previous Buy Current Buy | Get Alert | |
| May 10, 2024 | 12.62% | 2.53 | Previous Underweight Current Underweight | Get Alert | |
| May 10, 2024 | 12.62% | 2.52.9 | Previous Underweight Current Underweight | Get Alert | |
| May 10, 2024 | 35.14% | 33.5 | Previous Neutral Current Neutral | Get Alert | |
| Apr 5, 2024 | -9.91% | 23.25 | Previous Neutral Current Sell | Get Alert | |
| Mar 5, 2024 | 282.9% | 8.59 | Previous Buy Current Buy | Get Alert | |
| Mar 5, 2024 | 30.64% | 2.82.9 | Previous Underweight Current Underweight | Get Alert | |
| Mar 4, 2024 | 170.28% | 69 | Previous Outperform Current Outperform | Get Alert | |
| Mar 4, 2024 | 125.24% | 56 | Previous Buy Current Buy | Get Alert | |
| Mar 4, 2024 | 80.19% | 45 | Previous Hold Current Hold | Get Alert | |
| Feb 28, 2024 | 80.19% | 34 | 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% | 4.59 | Previous Neutral Current Buy | Get Alert | |
| Jan 24, 2024 | 57.66% | 3.54.5 | Previous Neutral Current Neutral | Get Alert | |
| Jan 24, 2024 | 57.66% | 3.55 | Previous Sector Perform Current Sector Perform | Get Alert | |
| Jan 24, 2024 | 26.13% | 2.32.8 | Previous Underweight Current Underweight | Get Alert | |
| Jan 24, 2024 | 260.38% | 818 | Previous Buy Current Buy | Get Alert | |
| Jan 24, 2024 | 102.71% | 44.5 | Previous Neutral Current Neutral | Get Alert | |
| Jan 24, 2024 | 12.62% | 2.53.5 | Previous Market Perform Current Underperform | Get Alert | |
| Jan 23, 2024 | 35.14% | 36 | 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% | 2.36.5 | Previous Neutral Current Underweight | Get Alert | |
| Dec 6, 2023 | 35.14% | 33.5 | Previous Equal-Weight Current Underweight | Get Alert | |
| Nov 16, 2023 | 125.24% | 512.5 | Previous Buy Current Neutral | Get Alert | |
| Nov 14, 2023 | 125.24% | 515.5 | Previous Buy Current Buy | Get Alert | |
| Nov 14, 2023 | 170.28% | 6 | Previous Buy Current Hold | Get Alert | |
| Nov 14, 2023 | 80.19% | 47 | Previous Equal-Weight Current Equal-Weight | Get Alert | |
| Nov 13, 2023 | 57.66% | 3.59 | Previous Equal-Weight Current Equal-Weight | Get Alert | |
| Nov 10, 2023 | 68.93% | 3.758 | 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% | 610 | Previous Overweight Current Neutral | Get Alert | |
| Nov 10, 2023 | 170.28% | 68 | Previous Hold Current Hold | Get Alert | |
| Nov 10, 2023 | 305.42% | 913 | Previous Positive Current Positive | Get Alert | |
| Nov 10, 2023 | 125.24% | 512 | Previous Outperform Current Sector Perform | Get Alert | |
| Oct 17, 2023 | 305.42% | 910 | Previous Equal-Weight Current Equal-Weight | Get Alert | |
| Oct 16, 2023 | 1116.27% | 2778 | Previous Buy Current Buy | Get Alert | |
| Oct 12, 2023 | 485.61% | 1314 | Previous Positive Current Positive | Get Alert | |
| Oct 10, 2023 | 463.09% | 12.513 | Previous Buy Current Buy | Get Alert | |
| Oct 5, 2023 | 440.56% | 1214 | Previous Overweight Current Overweight | Get Alert | |
| Oct 2, 2023 | 260.38% | 89 | Previous Hold Current Hold | Get Alert | |
| Sep 25, 2023 | 395.52% | 11 | Previous Initiates Current Buy | Get Alert | |
| Aug 31, 2023 | 350.47% | 1015 | Previous Equal-Weight Current Equal-Weight | Get Alert | |
| Aug 24, 2023 | 260.38% | 810.25 | Previous Market Perform Current Market Perform | Get Alert |
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.
The latest analyst rating for Plug Power (NASDAQ:PLUG) was provided by Canaccord Genuity, and Plug Power maintained their hold rating.
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.
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.
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.
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.
Browse analyst ratings and price targets on all stocks.
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