$2.17
2.69% today
Nasdaq, Dec 04, 08:18 pm CET
ISIN
US72919P2020
Symbol
PLUG

Plug Power Inc. Target price 2025 - Analyst rating & recommendation

Plug Power Inc. Classifications & Recommendation:

Buy
35%
Hold
48%
Sell
16%

Plug Power Inc. Price Target

Target Price $2.81
Price $2.23
Potential
Number of Estimates 23
23 Analysts have issued a price target Plug Power Inc. 2026 . The average Plug Power Inc. target price is $2.81. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 31 analysts: 11 Analysts recommend Plug Power Inc. to buy, 15 to hold and 5 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Plug Power Inc. stock has an average upside potential 2026 of . Most analysts recommend the Plug Power Inc. stock at Hold.

Sales and Margin forecast 2025, 2026 to 2032

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Quarter Annually
Dec '24 2025
Estimates
Revenue Million $ 628.81 761.73
29.45% 21.14%
EBITDA Margin -155.50% -61.43%
38.20% 60.50%
Net Margin -334.71% -96.39%
117.95% 71.20%

27 Analysts have issued a sales forecast Plug Power Inc. 2025 . The average Plug Power Inc. sales estimate is

$762m
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. This is
12.65% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.7b 146.98%
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, the lowest is
$666m 1.44%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $629m 29.45%
2025
$762m 21.14%
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2026
$959m 25.96%
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2027
$1.1b 13.82%
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2028
$1.3b 19.51%
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2029
$1.8b 35.71%
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2030
$2.2b 23.38%
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2031
$2.8b 27.19%
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2032
$4.8b 73.30%
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25 Analysts have issued an Plug Power Inc. EBITDA forecast 2025. The average Plug Power Inc. EBITDA estimate is

$-468m
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. This is
45.60% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$-379m 55.89%
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, the lowest is
$-500m 41.90%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 $-978m 2.51%
2025
$-468m 52.14%
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2026
$-187m 60.00%
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2027
$-39.9m 78.68%
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2028
$206m 617.02%
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2029
$412m 99.55%
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2030
$652m 58.46%
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EBITDA Margin

2024 -155.50% 38.20%
2025
-61.43% 60.50%
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2026
-19.51% 68.24%
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2027
-3.65% 81.29%
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2028
15.81% 533.15%
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2029
23.25% 47.06%
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2030
29.86% 28.43%
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28 Plug Power Inc. Analysts have issued a net profit forecast 2025. The average Plug Power Inc. net profit estimate is

$-734m
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. This is
65.38% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-504m 76.23%
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, the lowest is
$-812m 61.73%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 $-2.1b 53.76%
2025
$-734m 65.11%
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2026
$-391m 46.70%
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2027
$-305m 22.04%
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2028
$-171m 43.81%
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2029
$-32.7m 80.93%
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2030
$85.7m 362.22%
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2031
$196m 128.56%
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2032
$563m 187.51%
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Net Margin

2024 -334.71% 117.95%
2025
-96.39% 71.20%
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2026
-40.79% 57.68%
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2027
-27.94% 31.50%
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2028
-13.14% 52.97%
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2029
-1.85% 85.92%
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2030
3.92% 311.89%
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2031
7.05% 79.85%
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2032
11.70% 65.96%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ -2.68 -0.61
16.52% 77.24%
P/E negative
EV/Sales 4.79

28 Analysts have issued a Plug Power Inc. forecast for earnings per share. The average Plug Power Inc. EPS is

$-0.61
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. This is
66.67% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$-0.42 77.05%
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, the lowest is
$-0.68 62.84%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 $-2.68 16.52%
2025
$-0.61 77.24%
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2026
$-0.33 45.90%
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2027
$-0.25 24.24%
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2028
$-0.14 44.00%
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2029
$-0.03 78.57%
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2030
$0.07 333.33%
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2031
$0.16 128.57%
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2032
$0.47 193.75%
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P/E ratio

Current -1.22 10.78%
2025
-3.65 199.52%
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2026
-6.84 87.40%
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2027
-8.78 28.36%
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2028
-15.62 77.90%
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2029
-81.88 424.20%
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2030
31.23 138.14%
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2031
13.66 56.26%
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2032
4.75 65.23%
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Based on analysts' sales estimates for 2025, the Plug Power Inc. stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 5.40 39.18%
2025
4.79 11.29%
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2026
3.80 20.61%
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2027
3.34 12.14%
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2028
2.80 16.32%
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2029
2.06 26.31%
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2030
1.67 18.95%
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2031
1.31 21.38%
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2032
0.76 42.29%
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P/S ratio

Current 4.59 48.28%
2025
4.07 11.23%
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2026
3.23 20.61%
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2027
2.84 12.14%
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2028
2.38 16.32%
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2029
1.75 26.32%
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2030
1.42 18.94%
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2031
1.12 21.38%
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2032
0.64 42.29%
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Current Plug Power Inc. Upgrades & Downgrades

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Analyst Rating Action Date
Canaccord Genuity
Locked
Locked
Locked Nov 20 2025
Susquehanna
Locked
Locked
Locked Nov 17 2025
Canaccord Genuity
Locked
Locked
Locked Nov 11 2025
Susquehanna
Locked
Locked
Locked Oct 13 2025
Clear Street
Locked
Locked
Locked Oct 08 2025
HC Wainwright & Co.
Locked
Locked
Locked Oct 03 2025
Wells Fargo
Locked
Locked
Locked Aug 14 2025
Analyst Rating Date
Locked
Canaccord Genuity:
Locked
Locked
Nov 20 2025
Locked
Susquehanna:
Locked
Locked
Nov 17 2025
Locked
Canaccord Genuity:
Locked
Locked
Nov 11 2025
Locked
Susquehanna:
Locked
Locked
Oct 13 2025
Locked
Clear Street:
Locked
Locked
Oct 08 2025
Locked
HC Wainwright & Co.:
Locked
Locked
Oct 03 2025
Locked
Wells Fargo:
Locked
Locked
Aug 14 2025

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