![]() Analysts surveyed by TipRanks backed a positive Plug Power stock price forecast. It suggested the stock could reach 79.4 byMarch 2027. ![]() Garberding on Jand is headquartered in Latham, NY. However, the algorithm-based Plug Power stock forecast made on 21 March by Wallet Investor for 20222027 said the price could be around 34.3 in a years time. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. For more information check our how to buy Plug Power, Inc. stock price prediction is currently bullish. ![]() stock price is closed at $ 8.46 with a total market cap valuation of $ 5.09B ( 44M shares outstanding). Plug Power’s gigafactory is located in Rochester, New York, and it reportedly produced 122 megawatts of “electrolyzer stacks for customers and Plug’s green hydrogen plants.” Moreover, prepare for a major scale-up as Plug Power is “on track” to ramp the gigafactory’s capacity up to 100 megawatts per month in the middle of the current quarter, “with plans to further increase output” during the third quarter of this year.The Plug Power, Inc. This gigafactory features over 2 gigawatts of electrolyzers, 60,000 fuel cell stacks and 2.5 gigawatts of output capacity. I’m referring to Plug Power’s gigafactory, where on-site green hydrogen production takes place on a massive scale. ![]() Now, it’s time to ask yourself a tough question: Are you willing to overlook Plug Power’s current financial issues? If so, then I invite you to consider the piece of the puzzle that will drive Plug Power’s growth through 2030. Morgan Stanley Adjusts Plug Power Price Target to 10 From 15, Maintains Equal Weight Rating Sector Update: Energy Stocks Rising Late Afternoon Plug Power to. Gigafactory Is the Key to Plug Power’s Future Growth In addition, Plug Power reported a widening net earnings loss during that time frame. Summary Charts News Ratings Calendar Company Financials Consensus Funds and ETFs Evolution of the average Target Price on Plug Power Inc. It’s also problematic that Plug Power’s cash and cash equivalents dwindled from $2.48 billion at the end of 2021 to $690.63 million at the end of 2022. On the other hand, Plug Power has a track record of quarterly EPS misses. Plus, the average price target for PLUG stock is $25.50, which indicates strong upside potential. Out of 21 analysts, 16 gave Plug Power a “buy” rating and no “sell” ratings were observed. 52-Week: Volume: 10.6 M VWAP: Market Cap: 5.1 B P/E Ratio: P/Sales: 5.6. Indeed, Plug Power’s well-heeled investors include famous names like Vanguard and BlackRock (NYSE: BLK).įurthermore, Wall Street’s experts generally favor Plug Power. Still, the current Plug Power share price of around $10 seems too cheap, so there’s an opportunity here.Įven though many financial traders gave up on Plug Power, Samuel O’Brient reported that some big-money investors are staying in the trade. ProGen engines provide robust and cost-effective solutions with industry-leading performance, reliability, and time-to-market for OEMs looking to adopt sustainable fuel cell power. I’ll be the first to admit that $60 was too high, too soon. For independent companies, Plug’s fuel cells are designed for use in motive and stationary products under development. PLUG stock peaked at around $30 last year and, prior to that, traded above $60 per share. PLUG Stock Investors Will Have to Forgive Poor Financials
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