$1.44
2.13% yesterday
Nasdaq, Sep 10, 10:16 pm CET
ISIN
US72919P2020
Symbol
PLUG

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

Plug Power Inc. Classifications & Recommendation:

Buy
37%
Hold
47%
Sell
17%

Plug Power Inc. Price Target

Target Price $1.81
Price $1.44
Potential
Number of Estimates 23
23 Analysts have issued a price target Plug Power Inc. 2026 . The average Plug Power Inc. target price is $1.81. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 30 analysts: 11 Analysts recommend Plug Power Inc. to buy, 14 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 $ 628.81 723.05
29.45% 14.99%
EBITDA Margin -155.50% -58.76%
38.20% 62.21%
Net Margin -334.71% -100.55%
117.95% 69.96%

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

$723m
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. This is
7.46% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$803m 19.40%
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, the lowest is
$668m 0.67%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $629m 29.45%
2025
$723m 14.99%
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2026
$905m 25.13%
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2027
$1.1b 23.35%
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2028
$1.4b 24.19%
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2029
$1.8b 30.30%
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2030
$2.2b 20.71%
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2031
$2.3b 6.15%
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2032
$3.0b 29.00%
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24 Analysts have issued an Plug Power Inc. EBITDA forecast 2025. The average Plug Power Inc. EBITDA estimate is

$-425m
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. This is
47.85% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$-249m 69.39%
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, the lowest is
$-530m 34.93%
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.

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

EBITDA Estimates

2024 $-978m 2.51%
2025
$-425m 56.55%
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2026
$-200m 52.81%
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2027
$-20.6m 89.74%
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2028
$327m 1,688.34%
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2029
$506m 54.78%
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2030
$700m 38.54%
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EBITDA Margin

2024 -155.50% 38.20%
2025
-58.76% 62.21%
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2026
-22.16% 62.29%
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2027
-1.84% 91.70%
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2028
23.56% 1,380.43%
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2029
27.99% 18.80%
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2030
32.13% 14.79%
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26 Plug Power Inc. Analysts have issued a net profit forecast 2025. The average Plug Power Inc. net profit estimate is

$-727m
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. This is
63.10% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-602m 69.43%
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, the lowest is
$-798m 59.49%
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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
$-727m 65.46%
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2026
$-393m 45.94%
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2027
$-313m 20.31%
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2028
$-345m 10.21%
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2029
$-234m 32.20%
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2030
$-99.5m 57.50%
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2031
$105m 205.88%
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2032
$374m 255.57%
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Net Margin

2024 -334.71% 117.95%
2025
-100.55% 69.96%
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2026
-43.44% 56.80%
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2027
-28.07% 35.38%
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2028
-24.91% 11.26%
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2029
-12.96% 47.97%
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2030
-4.56% 64.81%
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2031
4.55% 199.78%
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2032
12.54% 175.60%
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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 -0.63
16.52% 76.49%
P/E negative
EV/Sales 3.01

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

$-0.63
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. This is
63.79% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
$-0.53 69.54%
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, the lowest is
$-0.70 59.77%
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.

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

Earnings Per Share

2024 $-2.68 16.52%
2025
$-0.63 76.49%
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2026
$-0.34 46.03%
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2027
$-0.27 20.59%
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2028
$-0.30 11.11%
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2029
$-0.20 33.33%
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2030
$-0.09 55.00%
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2031
$0.09 200.00%
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2032
$0.33 266.67%
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P/E ratio

Current -0.81 1.16%
2025
-2.22 173.97%
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2026
-4.12 85.59%
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2027
-5.16 25.24%
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2028
-4.69 9.11%
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2029
-6.91 47.33%
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2030
-16.26 135.31%
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2031
15.36 194.46%
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2032
4.32 71.88%
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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 3.24 14.49%
2025
3.01 6.95%
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2026
2.41 20.08%
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2027
1.95 18.93%
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2028
1.57 19.48%
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2029
1.21 23.25%
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2030
1.00 17.16%
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2031
0.94 5.79%
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2032
0.73 22.48%
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P/S ratio

Current 2.42 16.97%
2025
2.25 6.95%
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2026
1.80 20.08%
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2027
1.46 18.93%
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2028
1.17 19.48%
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2029
0.90 23.26%
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2030
0.75 17.16%
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2031
0.70 5.78%
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2032
0.55 22.48%
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Current Plug Power Inc. Upgrades & Downgrades

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Analyst Rating Action Date
Wells Fargo
Locked
Locked
Locked Aug 14 2025
BMO Capital
Locked
Locked
Locked Aug 12 2025
Jefferies
Locked
Locked
Locked Jul 23 2025
Susquehanna
Locked
Locked
Locked Jul 21 2025
Jefferies
Locked
Locked
Locked May 20 2025
Morgan Stanley
Locked
Locked
Locked May 19 2025
Piper Sandler
Locked
Locked
Locked May 14 2025
Analyst Rating Date
Locked
Wells Fargo:
Locked
Locked
Aug 14 2025
Locked
BMO Capital:
Locked
Locked
Aug 12 2025
Locked
Jefferies:
Locked
Locked
Jul 23 2025
Locked
Susquehanna:
Locked
Locked
Jul 21 2025
Locked
Jefferies:
Locked
Locked
May 20 2025
Locked
Morgan Stanley:
Locked
Locked
May 19 2025
Locked
Piper Sandler:
Locked
Locked
May 14 2025

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