Plug Power is a loss making company. Its existence is secured by subsidies and government grants. The Issuer has also issued additional debt to raise stock funds. There is no reason to believe that this situation will change in the next 5 years.
The Motley Fool believes that the company is at risk of bankruptcy. The same opinion is shared by the WalletInvestor service. They forecast that Plug Power stocks will be worth less than one cent by March 2025.
Meanwhile, there is still an opportunity for capital growth, Ryan Vanzo acknowledges. This could come as a result of a surge in interest in hydrogen energy over the next 5 years.
There are other bullish Plug Power stocks Forecasts. The most optimistic forecast promises a multiple of more than 4. More realistic is 1.5-2 times.
Of course, Plug Power will remain a highly volatile investment. Citigroup calls the company the hub of hydrogen energy. Its strengths will play an important role in the next 5 years:
-
Strong distribution network;
-
Good return on investment;
-
Reliable suppliers;
-
Ability to enter new markets quickly.
However, the proposed technologies may lose out to competition from other energy sources. Plug Power's investment in research and development is lower than that of some other companies in the sector. Some analysts also point to inefficient financial planning.
Forecasts for Plug expected stock at the end of 2024 vary widely. As of November 28, most are bullish. However, every analyst providing Stock Price Predictions downgraded their stock price targets and ratings in the last 3 months.
The company's main problem is its debt. It is $612.46M as of September 30, 2024. At current interest rates, it is costly to service. ProTips says Plug Power may have problems with interest payments.
Average predictions from leading investment firms:
-
$1.4 — Piper Sandler;
-
$2 — Wells Fargo;
-
$3 — Craig-Hallum;
-
$5 — HC Wainwright & Co.
|
Month
|
Minimum expected price, $
|
Maximum expected price, $
|
Close price, $
|
Total change, %
|
|
December
|
1.79
|
2.4
|
2.03
|
-2.9
|
Most forecasts for 2025 are bullish. There are several reasons for such forecasts. The first is the expectation of lower borrowing rates. The second is a belief that the position of green energy advocates is strengthening. Carbon reduction programs help Plug Power.
PLUG's average target stock price for 2025:
|
Month
|
Minimum expected price, $
|
Maximum expected price, $
|
Close price, $
|
Total change, %
|
|
January
|
1.89
|
2.22
|
2.06
|
-1.4
|
|
February
|
2.06
|
2.44
|
2.26
|
8.1
|
|
March
|
1.77
|
2.26
|
1.92
|
-8.1
|
|
April
|
1.83
|
2.15
|
1.99
|
-4.8
|
|
May
|
1.99
|
2.47
|
2.29
|
9.6
|
|
June
|
2.19
|
2.57
|
2.38
|
13.9
|
|
July
|
2.25
|
2.65
|
2.45
|
17.2
|
|
August
|
2.34
|
2.74
|
2.54
|
21.5
|
|
September
|
2.44
|
2.86
|
2.65
|
26.8
|
|
October
|
2.45
|
2.87
|
2.66
|
27.3
|
|
November
|
2.54
|
2.98
|
2.76
|
32.1
|
|
December
|
2.63
|
3.09
|
2.86
|
36.8
|
Many services remain bullish on Plug Power's prospects. They forecast further stock appreciation. There are many bullish outlooks for 2026:
But BeatMarket experts believe that such a view of Plug Power's forecast on the stock price is overly optimistic. There are many problems in the hydrogen energy sector.
One of the most important is the high price on fuel. This reduces the profitability of such energy sources. Until the situation improves, Plug Power is not expected to grow significantly.
|
Month
|
Minimum expected price, $
|
Maximum expected price, $
|
Close price, $
|
Total change, %
|
|
January
|
2.70
|
3.18
|
2.94
|
40.7
|
|
February
|
2.81
|
3.29
|
3.05
|
45.9
|
|
March
|
3.05
|
3.79
|
3.51
|
67.9
|
|
April
|
3.51
|
4.36
|
4.04
|
93.3
|
|
May
|
3.56
|
4.18
|
3.87
|
85.2
|
|
June
|
3.03
|
3.87
|
3.29
|
57.4
|
|
July
|
2.58
|
3.29
|
2.80
|
34.0
|
|
August
|
2.19
|
2.80
|
2.38
|
13.9
|
|
September
|
2.38
|
2.96
|
2.74
|
31.1
|
|
October
|
2.14
|
2.74
|
2.33
|
11.5
|
|
November
|
2.15
|
2.53
|
2.34
|
12.0
|
|
December
|
1.83
|
2.34
|
1.99
|
-4.8
|
Another problem with hydrogen power is the lack of infrastructure. This is one of the reasons why this type of engine could lose out to electric engines. It is also a major reason for the pessimistic forecast.
But the network also has positive forecasts for 2027. Analysts believe that the sector will overcome the current challenges. And Plug Power could be one of the main beneficiaries of the growing demand for alternative energy sources.
Average Plug Power target price at the end of 2027:
|
Month
|
Minimum expected price, $
|
Maximum expected price, $
|
Close price, $
|
Total change, %
|
|
January
|
1.99
|
2.47
|
2.29
|
9.6
|
|
February
|
2.13
|
2.51
|
2.32
|
11.0
|
|
March
|
2.32
|
2.74
|
2.54
|
21.5
|
|
April
|
1.99
|
2.54
|
2.16
|
3.3
|
|
May
|
1.69
|
2.16
|
1.84
|
-12.0
|
|
June
|
1.84
|
2.29
|
2.12
|
1.4
|
|
July
|
1.66
|
2.12
|
1.80
|
-13.9
|
|
August
|
1.46
|
1.80
|
1.59
|
-23.9
|
|
September
|
1.24
|
1.59
|
1.35
|
-35.4
|
|
October
|
1.30
|
1.52
|
1.41
|
-32.5
|
|
November
|
1.29
|
1.51
|
1.40
|
-33.0
|
|
December
|
1.09
|
1.40
|
1.19
|
-43.1
|
The stock analysis service states that Plug Power will start generating net income by 2028. EPS is expected to be in the range of $0.23-$0.28. Revenues could grow to $4.8 billion.
Analyst who believes in green energy is predicting to go up to 12 times Plug Power's capitalization. Other bullish scenarios are more modest.
2028 Stock Outlook for Plug Power:
But there is a negative view of Plug Power Forecast. The authors of BeatMarket stick to it.
|
Month
|
Minimum expected price, $
|
Maximum expected price, $
|
Close price, $
|
Total change, %
|
|
January
|
0.93
|
1.19
|
1.01
|
-51.7%
|
|
February
|
0.83
|
1.01
|
0.90
|
-56.9%
|
|
March
|
0.71
|
0.90
|
0.77
|
-63.2%
|
|
April
|
0.77
|
0.96
|
0.89
|
-57.4%
|
|
May
|
0.89
|
1.10
|
1.02
|
-51.2%
|
|
June
|
0.90
|
1.06
|
0.98
|
-53.1%
|
|
July
|
0.76
|
0.98
|
0.83
|
-60.3%
|
|
August
|
0.65
|
0.83
|
0.71
|
-66.0%
|
|
September
|
0.55
|
0.71
|
0.60
|
-71.3%
|
|
October
|
0.60
|
0.75
|
0.69
|
-67.0%
|
|
November
|
0.54
|
0.69
|
0.59
|
-71.8%
|
|
December
|
0.54
|
0.64
|
0.59
|
-71.8%
|
