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Plug Power Inc has a consensus price target of $5.12 based on the ratings of 30 analysts. The high is $20 issued by Citigroup on March 6, 2023. The low is $1.4 issued by Piper Sandler on November 14, 2024. The 3 most-recent analyst ratings were released by HC Wainwright & Co., Canaccord Genuity, and Craig-Hallum on November 18, 2024, November 15, 2024, and November 14, 2024, respectively. With an average price target of $3.33 between HC Wainwright & Co., Canaccord Genuity, and Craig-Hallum, there's an implied 28.95% upside for Plug Power Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Plug Power (NASDAQ:PLUG) was reported by HC Wainwright & Co. on November 18, 2024. The analyst firm set a price target for $5.00 expecting PLUG to rise to within 12 months (a possible 93.42% upside). 42 analyst firms have reported ratings in the last year.
The latest analyst rating for Plug Power (NASDAQ:PLUG) was provided by HC Wainwright & Co., and Plug Power maintained their buy 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 November 14, 2024 when BTIG changed their price target from N/A to N/A 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 18, 2024 so you should expect the next rating to be made available sometime around November 18, 2025.
While ratings are subjective and will change, the latest Plug Power (PLUG) rating was a maintained with a price target of $18.00 to $5.00. The current price Plug Power (PLUG) is trading at is $2.59, which is out of the analyst’s predicted range.
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