PLUG Plug Power Inc Analyst Estimates & Rating

green hydrogen production

Worse yet, even if the stock experiences another hard tumble in the coming weeks, that may not mean that it has found a floor. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

Losses are expected to narrow significantly when the company reports its first quarter numbers on May 8. Additionally, analysts estimate the intrinsic value of Plug Power as78% higherthan the current stock price. But whether it reaches that value depends on events outside its control. Still, its current share price is based largely on its potential to ultimately become a large, profitable energy company, thanks to the global pivot away from fossil fuels. However, despite this big positive in Plug Power’s corner, it remains hard to be confident this will lead to strong results in the near-future. RADNOR, Pa. , April 23, 2023 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities class action lawsuit against Plug Power Inc. (“Pl…

Over the past month, analysts have walked back their expectations. Back in January, the sell-side expected the company to report losses of around 20 cents per share for the March quarter. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a lower news sentiment than the 0.55 average news sentiment score of Industrial Products companies. LOS ANGELES—-Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming June 12, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of invest…

Combining hydrogen gas and oxygen results in energy and water, so you have a virtuous cycle without using carbon. Plug Power Inc. is a provider of hydrogen fuel cell turnkey solutions. The Company provide electrolyzers that allow customers, such as refineries, producers of chemicals, steel, fertilizer and commercial refueling stations, to generate hydrogen on-site.

public selection Power’s stock was trading at $12.37 at the beginning of the year. Since then, PLUG shares have decreased by 27.0% and is now trading at $9.03. The company’s average rating score is 2.58, and is based on 11 buy ratings, 8 hold ratings, and no sell ratings. As of the close of business on Thursday, 4/27, we captured the Top 10 Highest Short Interest % stocks within the Industrials sector.

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That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. On the other hand, Plug Power has a track record of quarterly EPS misses. It’s also problematic that Plug Power’s cash and cash equivalents dwindled from $2.48 billion at the end of 2021 to $690.63 million at the end of 2022. In addition, Plug Power reported a widening net earnings loss during that time frame. Until help arrives, it’s hard to recommend Plug Power, which now sells for about eight times its revenue, shows no profit, and will have to stop growing to earn any money later this year. Falling interest rates can be the rising tide that lifts all capital-intensive boats, including those in the renewable energy sector.

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Judging by some analysts’ recent downgrades and/or price target cuts, it appears that I’m not the only person who’s doubtful of Plug Power’s near-term prospects. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Plug Power issued an update on its FY 2026 earnings guidance on Thursday, March, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.00 billion-$5.00 billion.

Plug Power Expands New Offering for Forklift Fleets, Shares Rise 6%

Plug Power has received a 43.60% net impact score from Upright. Plug Power seems to create the most significant positive value in categories “Taxes”, “Jobs”, and “GHG emissions”. The positive contribution in the “GHG emissions” impact category is mostly driven by its “Hydrogen energy storages”, “Hydrogen fuel cells”, and “Repair and maintenance services of hydrogen fuel cells” products. The 50-day moving average is a frequently used data point by active investors and traders to understand the trend of a stock. It’s calculated by averaging the closing stock price over the previous 50 trading days.


Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 19 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Plug Power in the last twelve months. There are currently 8 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” PLUG shares.

Plug Power Stock Took a Dive. Here’s What Wall Street Thinks.

Creating a virtuous cycle around green hydrogen, and expanding its market beyond forklifts, will take more capital than the market is willing to give Plug Power right now. Unfortunately, that means that PLUG stock is likely too risky of a bet to make, until rates start coming in a meaningful fashion. Most of America’s renewable energy companies have been horrible investments, except when money was free, and growth prized above all. In theory, Plug Power has a great business that’salso great for the planet. Hydrogen can be commercially extracted from alkali pools using renewable energy, and it can run warehouse forklifts for much longer than conventional batteries.

Plug Power envisions robust multi-year sales, and Wall Street has set a high consensus price target on the company’s shares. Real-time analyst ratings, insider transactions, earnings data, and more. Plug Power has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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Plug Power needs scale to operate profitably, so the Federal Reserve’s recent interest rate hikes have come at the wrong time. The company had a net loss of $724 million last year, amounting to $1.25 per share. That’s 51% more than it lost in 2021, when interest rates were much lower. David Moadel has provided compelling content – and crossed the occasional line – on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and


The average short interest for stocks within the Industrials sector stands at 2.85%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector. PLUG bounce coming 9th March,2023Trend is down on all time frames so chances of consolidation high but bounce is coming. I will wait for confirmation.BOunce expected at current price. Trend is down on all time frames so chances of consolidation high but bounce is coming. As an investor, you want to buy stocks with the highest probability of success.


He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. This may seem hard to justify, as Plug Power has a track record of quarterly EPS missesand a rapidly dwindling position of cash and cash equivalents. On the other hand, Plug Power is highly optimistic about the company’s future prospects. On the other hand, a number of analysts recently downgraded their ratings on Plug Power. On a longer time horizon, even if Plug Power builds a portfolio of tangible hydrogen product assets, it still needs to produce a profit with this infrastructure. Unfortunately, after its extended slide in price, another sell-off may be just around the corner.


News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. One share of PLUG stock can currently be purchased for approximately $9.03. Sign-up to receive the latest news and ratings for Plug Power and its competitors with MarketBeat’s FREE daily newsletter. The P/E ratio of Plug Power is -7.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Only 193 people have searched for PLUG on MarketBeat in the last 30 days.

Gigafactory Is the Key to Plug Power’s Future Growth

LOS ANGELES—-Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purch… Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane , fuel cell and fuel processing technologies, and fuel cell/battery hybrid t…

Hopefully, the company’s scaled-up production capacity will help Plug Power improve its financials. PLUG stock may trade for just a little over 10% of its ten-year high, but it is not a bargain at current prices. Sure, the stock doesn’t trade at all that high of a premium to the company’s tangible book value of $6.10 per share. Even as Plug reported strong year-over-year revenue growth, its top line fell short of estimates. To make matters worse, the company’s losses per share last quarter were much wider than Wall Street expected. Post-market on May 5, Plug Power will report its fiscal results for the quarter ending March 31, 2023.

  • RADNOR, Pa. , April 23, 2023 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities class action lawsuit against Plug Power Inc. (“Pl…
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  • This suggests a possible upside of 150.7% from the stock’s current price.
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Middle Rated EV Stock in the Electrical Equipment & Parts Industry Drops -0.43% Tuesday; Is it Time to Buy Plug Power Inc (PLUG)? – InvestorsObserver

Middle Rated EV Stock in the Electrical Equipment & Parts Industry Drops -0.43% Tuesday; Is it Time to Buy Plug Power Inc (PLUG)?.

Posted: Tue, 11 Apr 2023 07:00:00 GMT [source]

The technique has proven to be very useful for finding positive surprises. In fact, when combining a Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

Again, it requires a great deal of forward-thinking vision to invest confidently in Plug Power. If you’re on board with the company’s ambitious plans to maintain a leadership position in the hydrogen economy, consider a small stake in PLUG stock today. This is a realistic target price, I believe, that would still represent substantial returns from the current Plug Power share price. Furthermore, Wall Street’s experts generally favor Plug Power. Out of 21 analysts, 16 gave Plug Power a “buy” rating and no “sell” ratings were observed. Plus, the average price target for PLUG stock is $25.50, which indicates strong upside potential.

Accordingly, the fall in two-year T-Bills last month, from over 5% to less than 4%, seemed to offer hope. But things have reversed in April, with the 2-year now trading at 4.18% at the time of writing. 27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Andy Marsh has an approval rating of 52% among the company’s employees.

According to 20 analysts, the average rating for PLUG stock is “Buy.” The 12-month stock price forecast is $23.95, which is an increase of 165.23% from the latest price. I’m referring to Plug Power’s gigafactory, where on-site green hydrogen production takes place on a massive scale. This gigafactory features over 2 gigawatts of electrolyzers, 60,000 fuel cell stacks and 2.5 gigawatts of output capacity. Plug Power is probably the most famous publicly listed pure-play fuel cell and green hydrogen company. Investors were hyped up about Plug Power in 2020 and early 2021.

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