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Plug Power (PLUG) Stock Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: November 7, 2024 (11:54)
Sector: IndustrialsThe share price of Plug Power Inc. (PLUG) now
News Impact Analyzer
Full report
This Week
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Na | Impact: Na | News: Na |
Previous Week
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Bearish | Impact: 5 | News: 1 |
Two Weeks Ago
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Na | Impact: Na | News: Na |
Three Weeks Ago
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Bullish | Impact: 5 | News: 1 (1/0/0) |
Analysts predictions
Full report
This Week
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Bullish | Opinions: 1 (1/0/0) |
Previous Week
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Neutral | Opinions: Na |
Two Weeks Ago
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Neutral | Opinions: Na |
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Neutral | Opinions: Na |
Analyzing the Most Important PLUG news
Plug Power Faces High Risk of Underperformance
Norges Bank Boosts Plug Power Stake, Stock Surges
Plug Power Accelerates Growth with $150M Leasing Boost
Historical and forecast chart of Plug Power stock
The chart below shows the historical price of Plug Power stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Plug Power stock price can be found in the table below.
Long-term forecasts by years.
Plug Power Inc. Analysts predictions review
As of now, Panda has combed through 1 analytical articles which are directly related to PLUG from the last 30 days. Out of these, 1 clearly showcase a bullish trend, while 0 see a bearish trend as the more likely scenario, and 0 stay neutral.
To identify the dominant trend, we took into account analytical articles from the past 30 days, spanning from Nov 05, 2024 to Nov 05, 2024.
Plug Power's DOE Loan Bet: Fueling a Potential Breakout
In this review, we delve into an analytical financial article by Deep Value Investing, an author who maintains a Strong Bullish stance on PLUG stock. With 113 publications since becoming a contributor in 2024, Deep Value Investing has been quite prolific, averaging a significant number of insightful pieces annually. Although their authority is not considered high based on conventional metrics, their growing base of 613 subscribers highlights a certain resonance and influence within their audience. While statistical measurements may not place Deep Value Investing at the top of the credibility spectrum, their extensive body of work and commitment to the field showcases a dedication to offering valuable insights, particularly on trends like PLUG stock. This balanced mix of engagement and expertise makes their bullish perspective worthy of consideration.
Key Theses of the Review
- Plug Power's steep revenue drop and high cash burn from operations have led to current pessimism.
- The stock is trading near historic lows with a substantial short interest of 27.8%.
- New partnerships and a shift to leasing could improve revenue, although profitability is not expected to see a major improvement.
- Rising institutional interest and promising new contracts in green hydrogen are positive indicators.
- The potential approval of a $1.66 billion DOE loan could serve as a catalyst, likely altering investor sentiment.
Key Factors Influencing PLUG Stock Price
Revenue Decline and Cash Burn
Plug Power experienced over a 40% year-over-year decline in Q1 and Q2 revenue, with a 67% fall in gross profit. These financial weaknesses greatly undermine investor confidence, impacting the stock price significantly.
Institutional Interest and Insider Activity
Despite a poor performance in fundamentals, there's a 28% increase in shares owned by 13F filers in Q2 2024 and a decline in the put/call ratio by 23%. This rising institutional interest can provide some upward pressure on the stock.
Short Interest
A short interest of 27.8% with 7.13 days to cover suggests a potential for a significant price movement. However, without a specific catalyst, this interest mostly indicates pervasive pessimism.
DOE Loan Approval
Securing the $1.66 billion loan from the DOE is crucial, as it could help avoid further share dilution and finance new plant developments. This represents a significant potential shift in PLUG's outlook.
New Contracts and Partnerships
Agreements with companies like Allied Green Ammonia and BP-Iberdrola are promising for future growth. However, their impact will be more long-term, thus currently providing only moderate upward pressure.
Review the original AnalysisPlug Power Poised for Surge as Hydrogen Vehicle Demand Accelerates
In this review, we delve into Larry Ramer's analytical piece on PLUG stock, where he maintains a strong bullish stance. Larry Ramer is a seasoned financial author with a credible presence in the field, boasting 53 publications since he began contributing in 2014. His insights are followed by a dedicated subscriber base of 515, highlighting his popularity and influence in financial circles. Given the calculated authority metrics, his viewpoints are regarded as having good credibility, reinforcing his reputation for delivering trustworthy analyses. This review aims to unpack his strong bullish position on PLUG stock, examining the meticulous detail and analysis that underscore his positive outlook.
Key Theses from the Review
- The number of hydrogen vehicles is likely to increase significantly, benefiting Plug Power's electrolyzer and hydrogen fuel businesses in the long term.
- The growth of e-commerce positively impacts Plug Power's material-handling business, increasing its revenue potential.
- Plug Power expects to receive a large federal loan, which will support the development of multiple hydrogen plants in the U.S., driving long-term growth.
- Plug Power is positioned to capitalize on the anticipated surge in U.S. hydrogen demand.
Factors Influencing Plug Power Stock Price
Expected increase in hydrogen vehicle numbers
The surge in hydrogen vehicles will drive demand for Plug Power's electrolyzers and hydrogen fuel, potentially raising revenue significantly. The projected growth such as 3.336 million hydrogen-powered trucks in North America by 2035 illustrates robust future market potential.
Growth of e-commerce
The accelerating e-commerce sector boosts demand for Plug Power's material-handling fuel cells, enhancing their revenue streams. Notably, the recovery in e-commerce activity is supported by reports indicating a possible 8.4% growth in U.S. online sales during the holiday season.
Federal loan for building hydrogen plants
Securing a $1.66 billion federal loan will significantly enhance Plug Power's capacity to build hydrogen plants, thereby supporting long-term revenue growth. The ability to scale with six additional facilities amplifies potential market impact and revenue generation.
Partnerships and agreements
Collaborations with firms like BP and Iberdrola indicate a growing trust and market opportunity for Plug Power’s electrolyzers, enhancing potential sales growth. Strategic partnerships signal increased adoption and long-term business alliances.
Review the original AnalysisCommentary
Plug Power appears to be in a prime position to ride the wave of rising hydrogen vehicle demand and e-commerce growth, thanks to strategic federal support and collaborative partnerships. The robust projections, with 3.336 million hydrogen-powered trucks expected in North America by 2035, combined with a potential $1.66 billion federal loan, underscore public trust and financial backing, preparing the company for significant infrastructure scaling and increased market presence.
With the e-commerce sector accelerating, Plug Power is likely to see amplified revenue streams from its material-handling solutions. Our analysis reflects that the average influence strength of these factors in the short term (next 15 days) is moderately strong. However, it is in the coming month that we anticipate seeing even stronger influence, given the layers of federal support and strategic alliances, classifying the company's stock trajectory as exceptionally promising. Overall, Plug Power is dressed for long-term growth and short-term resilience, making it an attractive option for investors eyeing the burgeoning hydrogen economy.
Comprehensive Analysis of Plug Power (PLUG) Stock Market Performance
Our multifaceted analysis of Plug Power's stock market is grounded in the company's key news stories, insights from reputable analysts, as well as mathematical and technical evaluations. Taking into account assessments from each of these aspects in real-time helps us address the most crucial questions for investors in the most objective way possible:
- When should I take profit in Plug Power stock?
- When should I record a loss on Plug Power stock?
- What are analysts' forecasts for Plug Power stock?
- What is the future of Plug Power stock?
We forecast Plug Power stock performance using neural networks based on historical data on Plug Power stocks.
Plug Power Inc. News influencing stock rates
As of now, Panda has combed through 2 news items directly related to PLUG from the last 30 days. Out of these, 1 clearly showcase a bullish trend, while 1 display bearish tendencies, and 0 events are neutral.
The strength of the bearish trend is dominating bullish sentiments by 1.13 times, indicating that the current news landscape is negatively impacting the company's stock prices in the foreseeable future.
The news analyzed fell within the period from Oct 11, 2024, to Oct 25, 2024.
PLUG Powers Ahead with New Green Hydrogen Deal
BP-Iberdrola JV Taps Plug Power for Green Hydrogen Electrolyzers
BP and Iberdrola Launch Spain's Largest Green Hydrogen Initiative
Arcadium Lithium and Other Energy Stocks Plummet Amid Weak Pricing, UBS Forecasts Neutral Outlook
Plug Power Plummets After Missing Q2 Earnings, Revenue Projections
Plug Power Sees Revenue Growth in Q2 Service Segment
Plug Power's Q2 Earnings Fall Short: EPS Misses by $0.05, Revenue Drops 44.9% Y/Y
Plug Power Edges Higher Ahead of Q2 Results Amid Mixed Expectations
Plug Power Appoints Dean Fullerton as Chief Operating Officer
Trump's 'Drill Baby Drill' Stance: Boon or Bane for Oil Prices?
Plug Power Inc. provides turnkey hydrogen fuel cell solutions for the electric mobility and stationary energy markets in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cells and fuel reprocessing technologies, hybrid fuel cell / battery technologies and associated hydrogen storage and distribution infrastructure. The company offers GenDrive, a hydrogen-powered PAM fuel cell system that provides electrical power for material handling; GenFuel, a hydrogen refueling delivery, generation, storage and distribution system; GenCare, an ongoing repair and maintenance program for GenDrive and GenSure Fuel Cells, GenFuel Products, and Progen Engines; and GenSure, a stationary fuel solution that provides modular PEM fuel cells to support backup and grid-based power requirements for telecommunications, transportation, and utilities. It also provides GenKey, a turnkey fuel cell powered migration solution; and ProGen, a fuel cell stack and engine technology used in mobile and stationary fuel cell systems, and as engines in electric delivery vans. The company offers its products to the retail distribution and manufacturing business through direct product sales, original equipment manufacturers and dealer networks. Plug Power Inc. the company was founded in 1997 and is headquartered in Latham, New York.
Plug Power daily forecast for a month
Date | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Nov 09 | 1.92 | 1.88 | 1.96 | 4.12 |
Nov 10 | 1.92 | 1.89 | 1.97 | 4.14 |
Nov 11 | 1.88 | 1.85 | 1.94 | 5.26 |
Nov 12 | 1.83 | 1.79 | 1.85 | 3.69 |
Nov 13 | 1.84 | 1.81 | 1.90 | 4.71 |
Nov 14 | 1.84 | 1.79 | 1.86 | 4.25 |
Nov 15 | 1.84 | 1.81 | 1.86 | 3.13 |
Nov 16 | 1.81 | 1.78 | 1.83 | 2.47 |
Nov 17 | 1.83 | 1.80 | 1.86 | 3.29 |
Nov 18 | 1.85 | 1.82 | 1.90 | 3.97 |
Nov 19 | 1.82 | 1.80 | 1.87 | 3.76 |
Nov 20 | 1.83 | 1.80 | 1.87 | 3.91 |
Nov 21 | 1.84 | 1.82 | 1.85 | 1.78 |
Nov 22 | 1.86 | 1.82 | 1.90 | 4.04 |
Nov 23 | 1.87 | 1.81 | 1.89 | 4.37 |
Nov 24 | 1.85 | 1.80 | 1.89 | 5.06 |
Nov 25 | 1.84 | 1.79 | 1.90 | 6.09 |
Nov 26 | 1.88 | 1.83 | 1.92 | 4.90 |
Nov 27 | 1.91 | 1.88 | 1.97 | 4.92 |
Nov 28 | 1.86 | 1.81 | 1.90 | 5.52 |
Nov 29 | 1.87 | 1.85 | 1.89 | 2.47 |
Nov 30 | 1.86 | 1.84 | 1.89 | 2.66 |
Dec 01 | 1.88 | 1.84 | 1.90 | 3.47 |
Dec 02 | 1.86 | 1.82 | 1.88 | 3.30 |
Dec 03 | 1.92 | 1.87 | 1.98 | 5.97 |
Dec 04 | 1.97 | 1.92 | 2.01 | 5.09 |
Dec 05 | 1.93 | 1.88 | 1.96 | 4.42 |
Dec 06 | 1.94 | 1.89 | 2.00 | 5.69 |
Dec 07 | 1.92 | 1.88 | 1.97 | 4.74 |
Dec 08 | 1.85 | 1.79 | 1.87 | 4.66 |
Plug Power Daily Price Targets
Plug Power Stock Forecast 11-09-2024.
Forecast target price for 11-09-2024: $1.92.
Negative dynamics for Plug Power shares will prevail with possible volatility of 3.959%.
Pessimistic target level: 1.88
Optimistic target level: 1.96
Plug Power Stock Forecast 11-10-2024.
Forecast target price for 11-10-2024: $1.92.
Negative dynamics for Plug Power shares will prevail with possible volatility of 3.977%.
Pessimistic target level: 1.89
Optimistic target level: 1.97
Plug Power Stock Forecast 11-11-2024.
Forecast target price for 11-11-2024: $1.88.
Negative dynamics for Plug Power shares will prevail with possible volatility of 5.000%.
Pessimistic target level: 1.85
Optimistic target level: 1.94
Plug Power Stock Forecast 11-12-2024.
Forecast target price for 11-12-2024: $1.83.
Negative dynamics for Plug Power shares will prevail with possible volatility of 3.560%.
Pessimistic target level: 1.79
Optimistic target level: 1.85
Plug Power Stock Forecast 11-13-2024.
Forecast target price for 11-13-2024: $1.84.
Positive dynamics for Plug Power shares will prevail with possible volatility of 4.501%.
Pessimistic target level: 1.81
Optimistic target level: 1.90
Plug Power Stock Forecast 11-14-2024.
Forecast target price for 11-14-2024: $1.84.
Negative dynamics for Plug Power shares will prevail with possible volatility of 4.073%.
Pessimistic target level: 1.79
Optimistic target level: 1.86
PLUG (PLUG) Monthly Stock Prediction for 2024
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Dec. | 2.55 | 2.42 | 2.85 | 15.13 |
Plug Power forecast for this year
Plug Power Stock Prediction for Dec 2024
An uptrend is forecast for this month with an optimal target price of $2.54646. Pessimistic: $2.42. Optimistic: $2.85
Plug Power (PLUG) Monthly Stock Prediction for 2025
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 2.38 | 2.18 | 2.58 | 15.38 |
Feb | 2.34 | 2.19 | 2.56 | 14.53 |
Mar | 2.26 | 2.13 | 2.39 | 10.80 |
Apr | 2.18 | 1.97 | 2.26 | 12.45 |
May | 2.03 | 1.87 | 2.16 | 13.44 |
Jun | 2.29 | 2.20 | 2.55 | 13.73 |
Jul | 2.21 | 1.96 | 2.34 | 16.34 |
Aug | 2.28 | 2.14 | 2.51 | 14.62 |
Sep | 2.38 | 2.17 | 2.67 | 18.88 |
Oct | 2.12 | 1.88 | 2.18 | 13.84 |
Nov | 2.21 | 2.00 | 2.40 | 16.44 |
Dec | 2.33 | 2.20 | 2.61 | 15.69 |
Plug Power (PLUG) Monthly Stock Prediction for 2026
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 2.68 | 2.38 | 2.92 | 18.42 |
Feb | 2.56 | 2.33 | 2.71 | 14.29 |
Mar | 2.55 | 2.25 | 2.82 | 20.09 |
Apr | 2.44 | 2.19 | 2.73 | 19.71 |
May | 2.79 | 2.70 | 3.08 | 12.34 |
Jun | 2.59 | 2.50 | 2.83 | 11.67 |
Jul | 2.46 | 2.36 | 2.55 | 7.24 |
Aug | 2.45 | 2.24 | 2.64 | 14.91 |
Sep | 2.44 | 2.23 | 2.60 | 14.11 |
Oct | 2.37 | 2.11 | 2.61 | 19.24 |
Nov | 2.68 | 2.59 | 2.80 | 7.47 |
Dec | 2.71 | 2.41 | 3.00 | 19.82 |
Plug Power information and performance
968 ALBANY-SHAKER ROAD, LATHAM, NY, US
Market capitalization of the Plug Power Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of PLUG shares in the company outstanding by the market price of one share.
EBITDA of Plug Power is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Related stocks from Industrials sector
All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.
Commentary
Plug Power's situation reflects a compelling mix of challenges and possibilities. With revenues having sunk over 40% in recent quarters, investor sentiment is understandably wary. However, the backdrop of increasing institutional interest—up 28% in shares owned—and the significant short interest hint at potential untapped momentum. The prevalent pessimism might just flip with a substantial catalyst, possibly coming from new partnerships or a much-anticipated DOE loan approval.
The upcoming month could be pivotal. While the current financial metrics place immense pressure on stock prices, the looming prospect of a $1.66 billion DOE loan approval could shift the story dramatically. This loan could prevent further dilution and fund critical developments. Given these dynamics, the average influence strength suggests heightened volatility, with a lean towards an upward trajectory if key events align favorably. So, while the near-term looks rocky, there's a strong bullish undercurrent for those watching keenly.