On May 14, 2025, Piper Sandler analyst Kashy Harrison issued an update on Plug Power (PLUG, Financial), maintaining an "Underweight" rating for the stock. This decision reflects Piper Sandler's continued cautious stance on the company's current market positioning.
In addition to maintaining the rating, the analyst has also adjusted the price target for Plug Power (PLUG, Financial) from a previous target of $1.10 to a new target of $0.80. This adjustment represents a decrease of approximately 27.27% in the price target.
The lowered price target suggests that the analyst sees potential challenges for Plug Power (PLUG, Financial) in achieving its prior valuation, prompting the reevaluation of its future price expectation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Plug Power Inc (PLUG, Financial) is $2.27 with a high estimate of $7.00 and a low estimate of $0.75. The average target implies an upside of 184.04% from the current price of $0.80. More detailed estimate data can be found on the Plug Power Inc (PLUG) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Plug Power Inc's (PLUG, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Plug Power Inc (PLUG, Financial) in one year is $2.83, suggesting a upside of 253.68% from the current price of $0.80015. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Plug Power Inc (PLUG) Summary page.
