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Plug Power Analyst Ratings and Price Targets | NASDAQ:PLUG | Benzinga
Plug Power Inc has a consensus price target of $3.93 based on the ratings of 29 analysts. The high is $12 issued by JP Morgan on October 5, 2023. The low is $0.75 issued by Seaport Global on April 8, 2025. The 3 most-recent analyst ratings were released by Piper Sandler, Wells Fargo, and Canaccord Genuity on May 14, 2025, May 14, 2025, and May 13, 2025, respectively. With an average price target of $0.93 between Piper Sandler, Wells Fargo, and Canaccord Genuity, there's an implied 22.84% upside for Plug Power Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Piper Sandler
Wells Fargo
Canaccord Genuity
Susquehanna
Seaport Global
1calculated from analyst ratings
Analyst Ratings for Plug Power
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/14/2025 | Buy Now | 5.29% | Piper Sandler | Kashy Harrison44% | $1.1 → $0.8 | Maintains | Underweight | Get Alert |
| 05/14/2025 | Buy Now | 31.61% | Wells Fargo | Michael Blum67% | $2 → $1 | Maintains | Equal-Weight | Get Alert |
| 05/13/2025 | Buy Now | 31.61% | Canaccord Genuity | George Gianarikas51% | $1.25 → $1 | Maintains | Hold | Get Alert |
| 04/14/2025 | Buy Now | 64.52% | Susquehanna | Biju Perincheril47% | $1.8 → $1.25 | Maintains | Neutral | Get Alert |
| 04/08/2025 | Buy Now | -1.29% | Seaport Global | Tom Curran40% | $1 → $0.75 | Maintains | Sell | Get Alert |
| 03/25/2025 | Buy Now | 294.84% | HC Wainwright & Co. | Amit Dayal52% | $3 → $3 | Reiterates | Buy → Buy | Get Alert |
| 03/24/2025 | Buy Now | 294.84% | HC Wainwright & Co. | Amit Dayal52% | $3 → $3 | Reiterates | Buy → Buy | Get Alert |
| 03/21/2025 | Buy Now | 130.32% | UBS | Manav Gupta53% | $2.5 → $1.75 | Maintains | Neutral | Get Alert |
| 03/06/2025 | Buy Now | 110.58% | Morgan Stanley | Arthur Sitbon66% | $1.75 → $1.6 | Maintains | Underweight | Get Alert |
| 03/05/2025 | Buy Now | 64.52% | Canaccord Genuity | George Gianarikas51% | $2 → $1.25 | Maintains | Hold | Get Alert |
| 03/05/2025 | Buy Now | 97.42% | Truist Securities | Jordan Levy41% | $2 → $1.5 | Maintains | Hold | Get Alert |
| 03/05/2025 | Buy Now | 294.84% | B. Riley Securities | Ryan Pfingst49% | $4 → $3 | Maintains | Buy | Get Alert |
| 03/05/2025 | Buy Now | 44.77% | Piper Sandler | Kashy Harrison44% | $1.4 → $1.1 | Maintains | Underweight | Get Alert |
| 03/05/2025 | Buy Now | 136.9% | Susquehanna | Biju Perincheril47% | $2.5 → $1.8 | Maintains | Neutral | Get Alert |
| 03/05/2025 | Buy Now | 84.26% | BMO Capital | Ameet Thakkar23% | $1.6 → $1.4 | Maintains | Underperform | Get Alert |
| 03/05/2025 | Buy Now | 294.84% | HC Wainwright & Co. | Amit Dayal52% | $5 → $3 | Maintains | Buy | Get Alert |
| 01/27/2025 | Buy Now | 31.61% | Seaport Global | Tom Curran40% | → $1 | Downgrade | Neutral → Sell | Get Alert |
| 01/16/2025 | Buy Now | 229.03% | Susquehanna | Biju Perincheril47% | $2 → $2.5 | Maintains | Neutral | Get Alert |
| 11/18/2024 | Buy Now | 558.07% | HC Wainwright & Co. | Amit Dayal52% | $18 → $5 | Maintains | Buy | Get Alert |
| 11/15/2024 | Buy Now | 163.23% | Canaccord Genuity | George Gianarikas51% | $2.25 → $2 | Maintains | Hold | Get Alert |
| 11/14/2024 | Buy Now | 294.84% | Craig-Hallum | Eric Stine43% | $4 → $3 | Maintains | Buy | Get Alert |
| 11/14/2024 | Buy Now | 163.23% | Wells Fargo | Michael Blum67% | $3 → $2 | Maintains | Equal-Weight | Get Alert |
| 11/14/2024 | Buy Now | 84.26% | Piper Sandler | Kashy Harrison44% | $1.6 → $1.4 | Maintains | Underweight | Get Alert |
| 11/14/2024 | Buy Now | — | BTIG | Gregory Lewis71% | — | Downgrade | Buy → Neutral | Get Alert |
| 11/13/2024 | Buy Now | 426.45% | Evercore ISI Group | James West67% | $5 → $4 | Maintains | Outperform | Get Alert |
| 11/13/2024 | Buy Now | 196.13% | Canaccord Genuity | George Gianarikas51% | $2.5 → $2.25 | Maintains | Hold | Get Alert |
| 11/13/2024 | Buy Now | 2269.04% | HC Wainwright & Co. | Amit Dayal52% | $18 → $18 | Reiterates | Buy → Buy | Get Alert |
| 10/03/2024 | Buy Now | 163.23% | Jefferies | Dushyant Ailani38% | $2.2 → $2 | Maintains | Hold | Get Alert |
| 08/12/2024 | Buy Now | 229.03% | RBC Capital | Chris Dendrinos35% | $3.5 → $2.5 | Maintains | Sector Perform | Get Alert |
| 08/12/2024 | Buy Now | 163.23% | Susquehanna | Biju Perincheril47% | $3 → $2 | Maintains | Neutral | Get Alert |
| 08/12/2024 | Buy Now | 163.23% | Truist Securities | Jordan Levy41% | $3 → $2 | Maintains | Hold | Get Alert |
| 08/12/2024 | Buy Now | 229.03% | Canaccord Genuity | George Gianarikas51% | $3 → $2.5 | Maintains | Hold | Get Alert |
| 08/09/2024 | Buy Now | 426.45% | Craig-Hallum | Eric Stine43% | $5 → $4 | Maintains | Buy | Get Alert |
| 08/09/2024 | Buy Now | 294.84% | Wells Fargo | Michael Blum67% | $4 → $3 | Maintains | Equal-Weight | Get Alert |
| 07/22/2024 | Buy Now | 215.87% | Piper Sandler | Kashy Harrison44% | $2.5 → $2.4 | Maintains | Underweight | Get Alert |
| 05/14/2024 | Buy Now | 2269.04% | HC Wainwright & Co. | Amit Dayal52% | $18 → $18 | Reiterates | Buy → Buy | Get Alert |
| 05/13/2024 | Buy Now | 294.84% | Canaccord Genuity | George Gianarikas51% | $4 → $3 | Maintains | Hold | Get Alert |
| 05/10/2024 | Buy Now | 558.07% | TD Cowen | Jeffrey Osborne28% | $7 → $5 | Maintains | Buy | Get Alert |
| 05/10/2024 | Buy Now | 229.03% | Morgan Stanley | Arthur Sitbon66% | $3 → $2.5 | Maintains | Underweight | Get Alert |
| 05/10/2024 | Buy Now | 229.03% | Piper Sandler | Kashy Harrison44% | $2.9 → $2.5 | Maintains | Underweight | Get Alert |
| 05/10/2024 | Buy Now | 294.84% | Susquehanna | Biju Perincheril47% | $3.5 → $3 | Maintains | Neutral | Get Alert |
| 04/05/2024 | Buy Now | 163.23% | Citigroup | Vikram Bagri36% | $3.25 → $2 | Downgrade | Neutral → Sell | Get Alert |
| 03/05/2024 | Buy Now | 1018.72% | HSBC | Samantha Hoh39% | $9 → $8.5 | Maintains | Buy | Get Alert |
| 03/05/2024 | Buy Now | 281.68% | Piper Sandler | Kashy Harrison44% | $2.8 → $2.9 | Maintains | Underweight | Get Alert |
| 03/04/2024 | Buy Now | 689.68% | Evercore ISI Group | James West67% | $9 → $6 | Maintains | Outperform | Get Alert |
| 03/04/2024 | Buy Now | 558.07% | Craig-Hallum | Eric Stine43% | $6 → $5 | Maintains | Buy | Get Alert |
| 03/04/2024 | Buy Now | 426.45% | Canaccord Genuity | George Gianarikas51% | $5 → $4 | Maintains | Hold | Get Alert |
| 02/28/2024 | Buy Now | 426.45% | Truist Securities | Jordan Levy41% | $3 → $4 | Maintains | Hold | Get Alert |
| 02/06/2024 | Buy Now | 525.16% | UBS | Manav Gupta53% | → $4.75 | Downgrade | Buy → Neutral | Get Alert |
| 02/06/2024 | Buy Now | 492.26% | Redburn Atlantic | Skye Landon7% | → $4.5 | Initiates | → Neutral | Get Alert |
| 02/06/2024 | Buy Now | — | Seaport Global | Tom Curran40% | — | Downgrade | Buy → Neutral | Get Alert |
| 01/31/2024 | Buy Now | 1084.52% | Roth MKM | Craig Irwin37% | $4.5 → $9 | Upgrade | Neutral → Buy | Get Alert |
| 01/24/2024 | Buy Now | 360.65% | Susquehanna | Biju Perincheril47% | $4.5 → $3.5 | Maintains | Neutral | Get Alert |
| 01/24/2024 | Buy Now | 360.65% | RBC Capital | Chris Dendrinos35% | $5 → $3.5 | Maintains | Sector Perform | Get Alert |
| 01/24/2024 | Buy Now | 268.52% | Piper Sandler | Kashy Harrison44% | $2.3 → $2.8 | Maintains | Underweight | Get Alert |
| 01/24/2024 | Buy Now | 952.91% | B. Riley Securities | Christopher Souther34% | $18 → $8 | Maintains | Buy | Get Alert |
| 01/24/2024 | Buy Now | 492.26% | Roth MKM | Craig Irwin37% | $4 → $4.5 | Maintains | Neutral | Get Alert |
| 01/24/2024 | Buy Now | 229.03% | BMO Capital | Ameet Thakkar23% | $3.5 → $2.5 | Downgrade | Market Perform → Underperform | Get Alert |
| 01/23/2024 | Buy Now | 294.84% | Truist Securities | Jordan Levy41% | $6 → $3 | Maintains | Hold | Get Alert |
| 01/11/2024 | Buy Now | — | Susquehanna | Biju Perincheril47% | — | Downgrade | Positive → Neutral | Get Alert |
| 12/22/2023 | Buy Now | 1347.75% | Craig-Hallum | Eric Stine43% | → $11 | Reiterates | Buy → Buy | Get Alert |
| 12/19/2023 | Buy Now | 202.71% | Piper Sandler | Kashy Harrison44% | $6.5 → $2.3 | Downgrade | Neutral → Underweight | Get Alert |
| 12/06/2023 | Buy Now | 294.84% | Morgan Stanley | Arthur Sitbon66% | $3.5 → $3 | Downgrade | Equal-Weight → Underweight | Get Alert |
| 11/16/2023 | Buy Now | 558.07% | Citigroup | Vikram Bagri36% | $12.5 → $5 | Downgrade | Buy → Neutral | Get Alert |
| 11/14/2023 | Buy Now | 558.07% | UBS | Manav Gupta53% | $15.5 → $5 | Maintains | Buy | Get Alert |
| 11/14/2023 | Buy Now | 689.68% | Johnson Rice | Martin Malloy41% | → $6 | Downgrade | Buy → Hold | Get Alert |
| 11/14/2023 | Buy Now | 426.45% | Wells Fargo | Michael Blum67% | $7 → $4 | Maintains | Equal-Weight | Get Alert |
| 11/13/2023 | Buy Now | 360.65% | Morgan Stanley | Andrew Percoco53% | $9 → $3.5 | Maintains | Equal-Weight | Get Alert |
| 11/10/2023 | Buy Now | 393.55% | BMO Capital | Ameet Thakkar23% | $8 → $3.75 | Maintains | Market Perform | Get Alert |
| 11/10/2023 | Buy Now | 689.68% | Jefferies | Sam Burwell8% | → $6 | Downgrade | Buy → Hold | Get Alert |
| 11/10/2023 | Buy Now | 821.3% | Northland Capital Markets | Abhishek Sinha14% | → $7 | Downgrade | Outperform → Market Perform | Get Alert |
| 11/10/2023 | Buy Now | — | Oppenheimer | Colin Rusch60% | — | Downgrade | Outperform → Perform | Get Alert |
| 11/10/2023 | Buy Now | 689.68% | JP Morgan | Paul Coster70% | $10 → $6 | Downgrade | Overweight → Neutral | Get Alert |
| 11/10/2023 | Buy Now | 689.68% | Truist Securities | Jordan Levy41% | $8 → $6 | Maintains | Hold | Get Alert |
| 11/10/2023 | Buy Now | 1084.52% | Susquehanna | Biju Perincheril47% | $13 → $9 | Maintains | Positive | Get Alert |
| 11/10/2023 | Buy Now | 558.07% | RBC Capital | Chris Dendrinos35% | $12 → $5 | Downgrade | Outperform → Sector Perform | Get Alert |
| 10/17/2023 | Buy Now | 1084.52% | Morgan Stanley | Andrew Percoco53% | $10 → $9 | Maintains | Equal-Weight | Get Alert |
| 10/16/2023 | Buy Now | 3453.57% | HC Wainwright & Co. | Amit Dayal52% | $78 → $27 | Maintains | Buy | Get Alert |
| 10/12/2023 | Buy Now | 1610.98% | Susquehanna | Biju Perincheril47% | $14 → $13 | Maintains | Positive | Get Alert |
| 10/10/2023 | Buy Now | 1545.17% | Citigroup | Vikram Bagri36% | $13 → $12.5 | Maintains | Buy | Get Alert |
| 10/05/2023 | Buy Now | 1479.36% | JP Morgan | Bill Peterson50% | $14 → $12 | Maintains | Overweight | Get Alert |
| 10/02/2023 | Buy Now | 952.91% | Truist Securities | Jordan Levy41% | $9 → $8 | Maintains | Hold | Get Alert |
| 09/25/2023 | Buy Now | 1347.75% | HSBC | Samantha Hoh39% | → $11 | Initiates | → Buy | Get Alert |
| 08/31/2023 | Buy Now | 1216.14% | Morgan Stanley | Andrew Percoco53% | $15 → $10 | Maintains | Equal-Weight | Get Alert |
| 08/24/2023 | Buy Now | 952.91% | BMO Capital | Ameet Thakkar23% | $10.25 → $8 | Maintains | Market Perform | Get Alert |
| 08/14/2023 | Buy Now | 1742.59% | Susquehanna | Biju Perincheril47% | $15 → $14 | Maintains | Positive | Get Alert |
| 08/11/2023 | Buy Now | 1216.14% | Truist Securities | Jordan Levy41% | $12 → $10 | Maintains | Hold | Get Alert |
| 08/10/2023 | Buy Now | 1249.04% | BMO Capital | Ameet Thakkar23% | $11 → $10.25 | Maintains | Market Perform | Get Alert |
| 08/10/2023 | Buy Now | 887.1% | Roth MKM | Craig Irwin37% | $13 → $7.5 | Downgrade | Buy → Neutral | Get Alert |
| 08/10/2023 | Buy Now | 10165.86% | HC Wainwright & Co. | Amit Dayal52% | → $78 | Reiterates | Buy → Buy | Get Alert |
| 07/17/2023 | Buy Now | 1874.2% | Morgan Stanley | Andrew Percoco53% | $15 → $15 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 07/14/2023 | Buy Now | 2795.5% | Northland Capital Markets | Abhishek Sinha14% | → $22 | Upgrade | Market Perform → Outperform | Get Alert |
| 07/12/2023 | Buy Now | 1479.36% | RBC Capital | Chris Dendrinos35% | → $12 | Reiterates | Outperform → Outperform | Get Alert |
| 07/06/2023 | Buy Now | 1610.98% | Citigroup | Vikram Bagri36% | → $13 | Initiates | → Buy | Get Alert |
| 07/05/2023 | Buy Now | 1610.98% | Citigroup | Vikram Bagri36% | → $13 | Initiates | → Buy | Get Alert |
| 06/15/2023 | Buy Now | 1479.36% | Truist Securities | Jordan Levy41% | $9 → $12 | Maintains | Hold | Get Alert |
| 06/15/2023 | Buy Now | 1479.36% | RBC Capital | Chris Dendrinos35% | → $12 | Reiterates | Outperform → Outperform | Get Alert |
| 05/30/2023 | Buy Now | 10165.86% | HC Wainwright & Co. | Amit Dayal52% | → $78 | Reiterates | Buy → Buy | Get Alert |
| 05/22/2023 | Buy Now | 952.91% | Piper Sandler | Kashy Harrison44% | $10 → $8 | Maintains | Neutral | Get Alert |
| 05/11/2023 | Buy Now | 1610.98% | Northland Capital Markets | Abhishek Sinha14% | $25 → $13 | Maintains | Market Perform | Get Alert |
FAQ
What is the target price for Plug Power (PLUG) stock?
The latest price target for Plug Power (NASDAQ:PLUG) was reported by Piper Sandler on May 14, 2025. The analyst firm set a price target for $0.80 expecting PLUG to rise to within 12 months (a possible 5.29% upside). 35 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Plug Power (PLUG)?
The latest analyst rating for Plug Power (NASDAQ:PLUG) was provided by Piper Sandler, and Plug Power maintained their underweight rating.
When was the last upgrade for Plug Power (PLUG)?
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.
When was the last downgrade for Plug Power (PLUG)?
The last downgrade for Plug Power Inc happened on January 27, 2025 when Seaport Global changed their price target from N/A to $1 for Plug Power Inc.
When is the next analyst rating going to be posted or updated for Plug Power (PLUG)?
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 May 14, 2025 so you should expect the next rating to be made available sometime around May 14, 2026.
Is the Analyst Rating Plug Power (PLUG) correct?
While ratings are subjective and will change, the latest Plug Power (PLUG) rating was a maintained with a price target of $1.10 to $0.80. The current price Plug Power (PLUG) is trading at is $0.76, which is out of the analyst’s predicted range.
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