Stock Price Forecast The 24 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 43.50, with a high estimate of 78.00 and a low estimate of 25.00. The median estimate represents a +98.09% increase from the last price of 21.96.
Will Plug Power be profitable?
However, PLUG's outlook appears positive as the company raised 2022's revenue guidance from $838 million to between $900 Million to $925 Million. West is now confident PLUG can become “meaningfully profitable” by 2025 and by 2030 expects revenues to increase above expectations.
Is PLUG a buy or sell?
Plug Power has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 20 buy ratings, 5 hold ratings, and 1 sell rating.
What will PLUG stock be worth in 5 years?
Based on our forecasts, a long-term increase is expected, the "PLUG" stock price prognosis for 2027-01-29 is 81.154 USD. With a 5-year investment, the revenue is expected to be around +254.54%. Your current $100 investment may be up to $354.54 in 2027.
Why are plug stocks down?
Shares of Plug Power (NASDAQ:PLUG) sank 29.2% in December, according to data from S&P Global Market Intelligence. Concerns related to the omicron coronavirus variant prompted sell-offs early in the month, and the hydrogen fuel cell specialist's stock continued to fall as investors evaluated other risk factors.Jan 4, 2022
Will Plug Power go back up?
Plug Power (PLUG), a leading maker of hydrogen fuel cells, is trying to rebound as momentum in renewable energy lifts shares. The company aims to produce more than half of its hydrogen energy from entirely renewable sources by 2024.
Should you hold plug stock?
Plug Power holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
What is the target price for plug?
High $78.00
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Median $43.50
Low $25.00
Average $43.92
Current Price $22.90
What is the future of plug stock?
During a business update on , Plug said it expected 2022 revenue of $900 million to $925 million, an 80% surge from 2020 and higher than its previous estimate of $825 million to $850 million. FactSet expects sales to reach $891 million.
Is plug a strong buy?
PLUG stock has an EPS Rating of just 14, as it is not yet profitable. It has an E Accumulation/Distribution Rating, indicating heavy selling among institutional investors. Plug Power's SMR Rating of C indicates that it outperforms 40% to 60% of other stocks.
Is Plug expected to go up?
Plug Power Inc quote is equal to 22.890 USD at 2022-02-02. Based on our forecasts, a long-term increase is expected, the "PLUG" stock price prognosis for 2027-01-29 is 81.154 USD. With a 5-year investment, the revenue is expected to be around +254.54%. Your current $100 investment may be up to $354.54 in 2027.