Plug Power, Inc. (NASDAQ:PLUG) Given Average Recommendation of “Hold” by Analysts

Plug Power, Inc. (NASDAQ:PLUG) has received an average rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $2.7346.

A number of equities research analysts have recently issued reports on PLUG shares. HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of Plug Power in a research note on Monday, November 24th. Wall Street Zen downgraded shares of Plug Power from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. TD Cowen lowered shares of Plug Power from a “buy” rating to a “hold” rating in a research report on Friday, January 9th. Canaccord Genuity Group set a $7.00 price objective on shares of Plug Power in a research report on Monday, November 24th. Finally, Susquehanna lowered their price objective on shares of Plug Power from $3.50 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, November 17th.

Plug Power Trading Up 3.8%

Shares of NASDAQ:PLUG opened at $1.89 on Monday. The company’s 50-day moving average price is $2.19 and its two-hundred day moving average price is $2.24. Plug Power has a one year low of $0.69 and a one year high of $4.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 0.70. The stock has a market capitalization of $2.63 billion, a PE ratio of -0.80 and a beta of 1.87.

Key Plug Power News

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Shareholders approved an increase in the company’s authorized share count, a vote that was widely reported as avoiding a reverse split and appears to have removed an immediate governance/structural overhang that some investors feared. Plug Power Stock Edges Higher As Shareholders Approve Share Increase, Avoid Reverse Split
• Neutral Sentiment: Coverage highlights ongoing strategic initiatives in green hydrogen and governance topics that could matter for long‑term value if execution improves, but these reports contain no new deal or financial disclosure likely to change near‑term fundamentals. Plug Power Inc. (PLUG): Strategic Moves in Green Hydrogen and Governance
• Neutral Sentiment: Analyst/market‑attention writeups (e.g., Zacks) note heightened investor interest; useful for context but not an immediate catalyst. Plug Power, Inc. (PLUG) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Multiple law firms have filed or are soliciting lead‑plaintiff appointments in securities‑fraud actions against Plug Power covering the period Jan 17, 2025–Nov 13, 2025; those notices and the April 3, 2026 lead‑plaintiff deadline increase legal uncertainty and potential liability. Example: Pomerantz filed a class action. Pomerantz Law Firm Announces the Filing of a Class Action Against Plug Power Inc. and Certain Officers – PLUG
• Negative Sentiment: Numerous other firms (Rosen, Schall, BFA, Kirby McInerney, Levi & Korsinsky, Robbins, Portnoy, Bernstein Liebhard, Glancy Prongay Wolke & Rotter, Gross, etc.) are circulating notices and reminders about the same class period and April 3 deadline, amplifying headline flow and investor concern about management and disclosure practices. ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG
• Negative Sentiment: Reporting notes the company has experienced executive turnover (CEO exit referenced) alongside the lawsuits, which raises governance concerns and keeps near‑term investor sentiment pressured. Plug Power Lawsuits And CEO Exit Refocus Attention On Hydrogen Plans

Insider Buying and Selling

In other Plug Power news, insider Jose Luis Crespo acquired 37,300 shares of the company’s stock in a transaction on Monday, December 15th. The shares were purchased at an average price of $2.34 per share, for a total transaction of $87,282.00. Following the completion of the purchase, the insider directly owned 307,332 shares of the company’s stock, valued at approximately $719,156.88. This represents a 13.81% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Benjamin Haycraft sold 40,000 shares of Plug Power stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $2.20, for a total value of $88,000.00. Following the transaction, the insider owned 373,809 shares of the company’s stock, valued at $822,379.80. This represents a 9.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Plug Power

Institutional investors and hedge funds have recently modified their holdings of the stock. Kovack Advisors Inc. bought a new stake in Plug Power in the 3rd quarter valued at about $26,000. Sender Co & Partners Inc. acquired a new stake in shares of Plug Power in the second quarter valued at approximately $26,000. Yousif Capital Management LLC bought a new stake in shares of Plug Power in the third quarter valued at approximately $27,000. Prakash Investment Advisors LLC bought a new stake in shares of Plug Power in the third quarter valued at approximately $27,000. Finally, Procyon Advisors LLC acquired a new stake in Plug Power during the fourth quarter worth approximately $29,000. 43.48% of the stock is currently owned by institutional investors and hedge funds.

Plug Power Company Profile

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.