Should I buy or sell Plug Power stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are currently 4 sell ratings, 15 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PLUG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLUG, but not buy additional shares or sell existing shares. View PLUG analyst ratings or view top-rated stocks .

What is Plug Power's stock price target for 2024?

26 analysts have issued 1 year price objectives for Plug Power's stock. Their PLUG share price targets range from $2.00 to $27.00. On average, they anticipate the company's share price to reach $6.05 in the next year. This suggests a possible upside of 123.4% from the stock's current price. View analysts price targets for PLUG or view top-rated stocks among Wall Street analysts .

How have PLUG shares performed in 2024?

Plug Power's stock was trading at $4.50 on January 1st, 2024. Since then, PLUG shares have decreased by 39.8% and is now trading at $2.71. View the best growth stocks for 2024 here .

When is Plug Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our PLUG earnings forecast .

How were Plug Power's earnings last quarter?

Plug Power Inc. (NASDAQ:PLUG) released its earnings results on Friday, March, 1st. The electronics maker reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by $0.52. The electronics maker had revenue of $222.20 million for the quarter, compared to analysts' expectations of $234.21 million. Plug Power had a negative trailing twelve-month return on equity of 38.09% and a negative net margin of 153.57%. The company's revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) EPS.

What ETFs hold Plug Power's stock?

ETFs with the largest weight of Plug Power (NASDAQ:PLUG) stock in their portfolio include Defiance Next Gen H2 ETF (HDRO) , Global X Hydrogen ETF (HYDR) , Direxion Hydrogen ETF (HJEN) , ProShares S&P Kensho Cleantech ETF (CTEX) , Subversive Decarbonization ETF (DKRB) , Global X Clean Tech ETF (CTEC) , Fidelity Clean Energy ETF (FRNW) and iShares Global Clean Energy ETF (ICLN) .

What guidance has Plug Power issued on next quarter's earnings?

Plug Power updated its fourth quarter 2023 earnings guidance on Friday, January, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200.0 million-, compared to the consensus revenue estimate of $252.1 million.

What is Andy Marsh's approval rating as Plug Power's CEO?

27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com . Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Plug Power own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL) , Advanced Micro Devices (AMD) , Tesla (TSLA) , NIO (NIO) , NVIDIA (NVDA) , Ballard Power Systems (BLDP) , Micron Technology (MU) , Block (SQ) and Nokia Oyj (NOK) .

Who are Plug Power's major shareholders?

Plug Power's stock is owned by a number of institutional and retail investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Bouvel Investment Partners LLC (0.05%), Banque Cantonale Vaudoise (0.02%), Congress Park Capital LLC (0.01%), Ballentine Partners LLC (0.00%) and Mosley Wealth Management (0.00%). Insiders that own company stock include Jose Luis Crespo and Sanjay K Shrestha . View institutional ownership trends .

How do I buy shares of Plug Power?

Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NASDAQ:PLUG

Plug Power (PLUG) Stock Price, News & Analysis

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$2.71

-0.14 (-4.91%)

(As of 03:27 PM ET)

Compare

Today's Range: $2.68
▼
$2.80
50-Day Range: $2.85
▼
$4.57
52-Week Range: $2.26
▼
$13.44

Volume: 19.98 million shs
Average Volume: 41.55 million shs
Market Capitalization: $1.85 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.05

Get Plug Power alerts:

Plug Power MarketRank™ Stock Analysis

Analyst Rating: Hold
2.12 Rating Score
Upside/Downside: 123.4% Upside
$6.05 Price Target
Short Interest: Bearish
26.86% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.13
Upright™ Environmental Score
News Sentiment: 0.10
Based on 24 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.95) to ($0.50) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.90 out of 5 stars

Industrial Products Sector

48th out of 164 stocks

Electrical Industrial Apparatus Industry

2nd out of 10 stocks

4.1

Analyst's Opinion

Consensus Rating
Plug Power has received a consensus rating of Hold. The company's average rating score is 2.12, and is based on 7 buy ratings, 15 hold ratings, and 4 sell ratings.
Amount of Analyst Coverage
Plug Power has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
26.86% of the outstanding shares of Plug Power have been sold short.
Short Interest Ratio / Days to Cover
Plug Power has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in Plug Power has recently increased by 6.73%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Plug Power does not currently pay a dividend.
Dividend Growth
Plug Power does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
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. See details.
Environmental Sustainability
The Environmental Impact score for Plug Power is -0.13.

2.3

News and Social Media Coverage

News Sentiment
Plug Power has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 24 news articles for Plug Power this week, compared to 17 articles on an average week.
Search Interest
Only 110 people have searched for PLUG on MarketBeat in the last 30 days. This is a decrease of -37% compared to the previous 30 days.
MarketBeat Follows
79 people have added Plug Power to their MarketBeat watchlist in the last 30 days. This is an increase of 4% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Plug Power insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.60% of the stock of Plug Power is held by insiders.
Percentage Held by Institutions
43.48% of the stock of Plug Power is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Plug Power are expected to grow in the coming year, from ($0.95) to ($0.50) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Plug Power is -1.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Plug Power is -1.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Plug Power has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Plug Power Stock (NASDAQ:PLUG)

Plug Power Inc. is a green energy play focused on Hydrogen and hydrogen fuel cells and it is the leader in the push toward a green hydrogen economy. Among the many advantages of hydrogen fuel cells are the unlimited supply of hydrogen and the ability to harvest it from renewable, green energy sources. Additionally, power-sensitive industries like Health Care, Data Centers, and Communications services can ensure their own operations by utilizing hydrogen fuel cells as a primary or back-up system.

Plug Power Inc develops, designs, manufactures, markets, installs, and services a line of end-to-end hydrogen and zero-emission fuel cell solutions. These solutions are tailored for supply chain and logistics applications, on-road electric vehicles, and stationary power generation for businesses and industries in North America and internationally.

Green Hydrogen is hydrogen split from a base molecule using electricity generated by sustainable sources such as fuel cells, solar, or wind. One of the most visible uses of hydrogen fuel cells is in warehouse settings where it is used to run loaders and forklifts. The technology not only saves on costs but reduces emissions within an enclosed warehouse or retail space. A few of the companies capitalizing on the technology are Walmart, Amazon, FedEx, and The Home Depot. The company was founded in 1997, went public in 1999, and is headquartered in Latham, New York.

Plug Power’s goal is to build an end-to-end green hydrogen ecosystem that includes green hydrogen production, storage and delivery, and energy generation through a network of grid-connected power stations and refueling points. A key milestone in the company’s history was hit in 2014 when Plug Power, Inc deployed the GenKey solutions for the first time. The GenKey system is a suite of turnkey services that streamlines the upgrade to hydrogen fuel cells. Essentially, Plug Power installs and hen services fully-operational fuel cell systems. These solutions include IoT connectivity for maintenance and servicing that ensures best-in-class uptime for all fuel cell solutions.

Among the company’s many products are proton exchange membrane (PEM) for fuel cells, individual fuel cells and hydrogen fuel processing technologies, and hybrid EV/Hydrogen technologies as well as equipment for hydrogen and green hydrogen generation, storage, and dispensing infrastructure.

Plug Power, Inc. has strategic agreements with Airbus, Lhyfe, Edison Motors, Phillips 66, Apex Clean Energy, BAE Systems, and Universal Hydrogen Co. The partnership with Airbus is exploring the use of hydrogen in airplanes and airports, the partnership with Lhyfe is expanding hydrogen use in the EU logistics market, the partnership with Edison Motors is focused on a hydrogen-only city bus solution, and the deal with Phillips 66 aims at expanding and scaling Plug Power’s hydrogen production capabilities as needed.

PLUG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PLUG Stock News Headlines

April 4, 2024 | marketbeat.com

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April 4, 2024 | marketbeat.com

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April 16, 2024 | prnewswire.com

May 21, 2024 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against PLUG

April 15, 2024 | finance.yahoo.com

Plug Power (PLUG) Dips More Than Broader Market: What You Should Know

April 15, 2024 | prnewswire.com

Shareholders that lost money on Plug Power Inc.(PLUG) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More

April 14, 2024 | markets.businessinsider.com

RBC Capital Sticks to Their Hold Rating for Plug Power (PLUG)

April 14, 2024 | americanbankingnews.com

Plug Power (NASDAQ:PLUG) Stock Price Down 1.7%

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April 13, 2024 | prnewswire.com

ROSEN, LEADING INVESTOR COUNSEL, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - PLUG

April 13, 2024 | investorplace.com

Wall Street Favorites: 7 Hydrogen Stocks with Strong Buy Ratings for April 2024

April 12, 2024 | investorplace.com

3 Hydrogen Stocks to Turn $300K Into $1 Million: April 2024

April 12, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Plug Power Inc. of Class Action Lawsuit and Upcoming Deadlines - PLUG

April 12, 2024 | prnewswire.com

Shareholders that lost money on Plug Power Inc.(PLUG) Urged to Join Class Action - Contact The Gross Law Firm to Learn More

April 12, 2024 | americanbankingnews.com

Plug Power Inc. (NASDAQ:PLUG) Given Consensus Recommendation of "Hold" by Brokerages

April 11, 2024 | investorplace.com

The 3 Most Undervalued Hydrogen Stocks to Buy in April 2024

April 10, 2024 | stockhouse.com

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Plug Power Inc. (PLUG)

April 10, 2024 | businesswire.com

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Plug Power Inc. (PLUG)

April 10, 2024 | investorplace.com

Plug Power Stock’s Wild Ride: Brace for Impact or Bail Out Now?

April 10, 2024 | investorplace.com

Plug Power Stock's Wild Ride: Brace for Impact or Bail Out Now?

April 10, 2024 | prnewswire.com

Investors in Plug Power Inc. Should Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - PLUG

April 10, 2024 | fool.com

Is Plug Power Stock a Buy?

April 9, 2024 | businesswire.com

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Plug Power Inc. (PLUG)

April 9, 2024 | stockhouse.com

Robbins LLP Urges Plug Power Inc. Stockholders with Large Losses to Contact the Firm for Information About the PLUG Class Action

April 9, 2024 | fool.com

1 Wall Street Analyst Thinks Plug Power Stock Is Going to $2. Is It a Sell?

April 9, 2024 | businesswire.com

Robbins LLP Urges Plug Power Inc. Stockholders with Large Losses to Contact the Firm for Information About the PLUG Class Action

April 9, 2024 | fool.com

1 Wall Street Analyst Thinks Plug Power Stock Is Going to $2. Is It a Sell?

See More Headlines

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Company Calendar

Last Earnings: 3/01/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Industrial Products
Industry: Electrical industrial apparatus
Sub-Industry: N/A
Current Symbol: NASDAQ:PLUG
CUSIP: N/A
CIK: 1093691
Web: www.plugpower.com
Phone: (518) 782-7700
Fax: 518-782-9060
Employees: 3,868
Year Founded: 1997

Price Target and Rating

Average Stock Price Target: $6.05
High Stock Price Target: $27.00
Low Stock Price Target: $2.00
Potential Upside/Downside: +123.4%
Consensus Rating: Hold
Rating Score (0-4): 2.12
Research Coverage: 26 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.29)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-1,368,830,000.00
Net Margins: -153.57%
Pretax Margin: -154.40%
Return on Equity: -38.09%
Return on Assets: -24.82%

Debt

Debt-to-Equity Ratio: 0.18
Current Ratio: 1.85
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $891.34 million
Price / Sales: 2.08
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.79 per share
Price / Book: 0.57

Miscellaneous

Outstanding Shares: 684,260,000
Free Float: 673,307,000
Market Cap: $1.85 billion
Optionable: Optionable
Beta: 1.54

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Key Executives

Mr. Andrew J. Marsh (Age 68)
President, CEO & Director
Comp: $766.55k
Mr. Paul B. Middleton CPA (Age 57)
Executive VP & CFO
Comp: $416.56k
Mr. Gerard L. Conway Jr. (Age 59)
Executive VP, General Counsel & Corporate Secretary
Comp: $416.56k
Mr. Keith C. Schmid (Age 61)
Executive Vice President of Special Projects
Comp: $416.56k
Mr. Jose Luis Crespo (Age 54)
Executive VP & GM of Material Handling
Comp: $416.56k
Mr. Sanjay K. Shrestha (Age 50)
Executive VP, GM of Energy Solutions & Chief Strategy Officer
Comp: $416.56k
Mr. Martin D. Hull (Age 56)
Chief Accounting Officer & Corporate Controller
Mr. Tim Cortes
Chief Technology Officer
Dr. Preeti Pande Ph.D.
Chief Marketing Officer
Ms. Tammy Kimble
Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLUG Stock Analysis - Frequently Asked Questions

Should I buy or sell Plug Power stock right now?: 26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are currently 4 sell ratings, 15 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PLUG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLUG, but not buy additional shares or sell existing shares.
View PLUG analyst ratings or view top-rated stocks.
What is Plug Power's stock price target for 2024?: 26 analysts have issued 1 year price objectives for Plug Power's stock. Their PLUG share price targets range from $2.00 to $27.00. On average, they anticipate the company's share price to reach $6.05 in the next year. This suggests a possible upside of 123.4% from the stock's current price.
View analysts price targets for PLUG or view top-rated stocks among Wall Street analysts.
How have PLUG shares performed in 2024?: Plug Power's stock was trading at $4.50 on January 1st, 2024. Since then, PLUG shares have decreased by 39.8% and is now trading at $2.71.
View the best growth stocks for 2024 here.
When is Plug Power's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our PLUG earnings forecast.
How were Plug Power's earnings last quarter?: Plug Power Inc. (NASDAQ:PLUG) released its earnings results on Friday, March, 1st. The electronics maker reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by $0.52. The electronics maker had revenue of $222.20 million for the quarter, compared to analysts' expectations of $234.21 million. Plug Power had a negative trailing twelve-month return on equity of 38.09% and a negative net margin of 153.57%. The company's revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) EPS.
What ETFs hold Plug Power's stock?: ETFs with the largest weight of Plug Power (NASDAQ:PLUG) stock in their portfolio include Defiance Next Gen H2 ETF (HDRO), Global X Hydrogen ETF (HYDR), Direxion Hydrogen ETF (HJEN), ProShares S&P Kensho Cleantech ETF (CTEX), Subversive Decarbonization ETF (DKRB), Global X Clean Tech ETF (CTEC), Fidelity Clean Energy ETF (FRNW) and iShares Global Clean Energy ETF (ICLN).

What guidance has Plug Power issued on next quarter's earnings?: Plug Power updated its fourth quarter 2023 earnings guidance on Friday, January, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200.0 million-, compared to the consensus revenue estimate of $252.1 million.
What is Andy Marsh's approval rating as Plug Power's CEO?: 27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Plug Power own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Ballard Power Systems (BLDP), Micron Technology (MU), Block (SQ) and Nokia Oyj (NOK).
Who are Plug Power's major shareholders?: Plug Power's stock is owned by a number of institutional and retail investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Bouvel Investment Partners LLC (0.05%), Banque Cantonale Vaudoise (0.02%), Congress Park Capital LLC (0.01%), Ballentine Partners LLC (0.00%) and Mosley Wealth Management (0.00%). Insiders that own company stock include Jose Luis Crespo and Sanjay K Shrestha.
View institutional ownership trends.
How do I buy shares of Plug Power?: Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PLUG) was last updated on 4/16/2024 by MarketBeat.com Staff

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