Plug Power, Inc. (NASDAQ:PLUG) Stock Has Consensus Target Price of $3.59 According to Brokerages

Posted by Brian Himes on Oct 4th, 2026

Plug Power, Inc. (NASDAQ:PLUG – Get Free Report) has earned an average rating of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.59.

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Plug Power from a “sell” rating to a “strong sell” rating in a report on Saturday. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of Plug Power in a report on Tuesday, September 29th. Susquehanna cut their target price on shares of Plug Power from $3.75 to $2.50 and set a “neutral” rating for the company in a research report on Friday, July 10th. Morgan Stanley raised their price target on Plug Power from $1.50 to $1.65 and gave the company an “underweight” rating in a research report on Thursday, July 9th. Finally, Roth Capital reissued a “buy” rating and set a $5.00 price objective (up from $3.50) on shares of Plug Power in a report on Wednesday, August 12th.

Get Our Latest Analysis on PLUG

Plug Power Stock Performance

Shares of PLUG opened at $1.90 on Tuesday. Plug Power has a 12-month low of $1.70 and a 12-month high of $4.58. The company has a current ratio of 2.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.29. The company has a market cap of $2.65 billion, a PE ratio of -1.51 and a beta of 2.28. The stock has a 50-day moving average price of $2.11 and a 200-day moving average price of $2.60.

Plug Power (NASDAQ:PLUG – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The electronics maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. The company had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $169.11 million. Plug Power had a negative net margin of 220.59% and a negative return on equity of 56.01%. Plug Power’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Plug Power will post -0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Benjamin Haycraft sold 200,000 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $2.14, for a total transaction of $428,000.00. Following the completion of the sale, the insider owned 101,249 shares of the company’s stock, valued at approximately $216,672.86. This represents a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 232,560 shares of company stock valued at $496,178 over the last ninety days. Insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Plug Power

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Plug Power by 21.0% in the second quarter. BlackRock Inc. now owns 184,032,469 shares of the electronics maker’s stock worth $498,728,000 after buying an additional 31,939,194 shares during the last quarter. State Street Corp increased its position in Plug Power by 6.1% during the second quarter. State Street Corp now owns 38,763,529 shares of the electronics maker’s stock valued at $105,049,000 after acquiring an additional 2,214,427 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Plug Power by 97.4% during the 1st quarter. Renaissance Technologies LLC now owns 27,738,500 shares of the electronics maker’s stock valued at $62,689,000 after acquiring an additional 13,685,900 shares during the period. Handelsbanken Fonder AB raised its stake in Plug Power by 446.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 19,014,270 shares of the electronics maker’s stock worth $51,529,000 after acquiring an additional 15,537,320 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Plug Power by 241.2% in the first quarter. Dimensional Fund Advisors LP now owns 18,134,913 shares of the electronics maker’s stock worth $40,971,000 after acquiring an additional 12,820,616 shares during the period. 43.48% of the stock is currently owned by institutional investors.

About Plug Power

(Get Free Report)

Plug Power Inc is a clean-energy technology company that develops and supplies hydrogen and fuel-cell solutions. Its products include fuel-cell systems and engines for material-handling equipment, backup and stationary power, and other commercial and industrial applications. The company also provides electrolyzers for producing hydrogen, along with hydrogen generation, liquefaction, storage, and delivery services.

Plug Power serves customers in material handling, transportation, power generation, and industrial markets.