Is PLUG a buy right now?

Is PLUG a Buy, Sell or Hold? Plug Power has a conensus rating of Moderate Buy which is based on 15 buy ratings, 7 hold ratings and 0 sell ratings.

Is Plug Power a good stock to buy now?

As of writing, four Wall Street analysts downgraded PLUG stock while several others slashed their price targets, as concerns about mounting losses, funding requirements, and supply woes have dampened Wall Street’s sentiment about the company.

What will PLUG be worth in 5 years?

Plug Power stock price stood at $5.93

According to the latest long-term forecast, Plug Power price will hit $10 by the end of 2024 and then $12 by the end of 2025. Plug Power will rise to $17 within the year of 2026, $20 in 2028, $25 in 2029 and $30 in 2033.

What is the forecast for PLUG stock?

Plug Power Inc quote is equal to 5.910 USD at 2023-10-30. Based on our forecasts, a long-term increase is expected, the “PLUG” stock price prognosis for 2028-10-20 is 9.515 USD. With a 5-year investment, the revenue is expected to be around +61%. Your current $100 investment may be up to $161 in 2028.

Why is PLUG stock down so much?

Shares of Plug Power fell 40% Friday after the upstart hydrogen producer and fuel-cell maker warned it will struggle to stay afloat in the next year without raising additional cash. The shares finished at their lowest level since April 2020, according to Dow Jones Market Data, leaving them off more than 70% this year.

Why Plug Power Stock is Crashing (It’s NOT Good News)

Will PLUG stock go back up?

Plug Power Inc (NASDAQ:PLUG)

The 29 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 12.50, with a high estimate of 37.00 and a low estimate of 6.50. The median estimate represents a +112.40% increase from the last price of 5.89.

Is PLUG stock a buy hold or sell?

Is Plug Power stock a Buy, Sell or Hold? Plug Power stock has received a consensus rating of buy. The average rating score is and is based on 56 buy ratings, 21 hold ratings, and 0 sell ratings.

Is it time to buy PLUG stock?

The average price target represents 134.76% Increase from the current price of $6.56. What do analysts say about Plug Power? Plug Power’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 22 Wall Streets Analysts.

Does PLUG have a future?

While the company has struggled recently with execution, its management has brought Plug much closer to profitability. As noted, the company remains optimistic about its future prospects, forecasting 30% gross margin for 2026. These are ambitious targets, suggesting more than 600% growth above 2022.

Is Plug Power undervalued?

Compared to the current market price of 3.335 USD, Plug Power Inc is Undervalued by 51%.

Did Amazon invest in Plug Power?

As part of the deal, Plug said it granted the e-commerce giant a warrant to buy up to 16 million shares at an exercise price of $22.9841 for the first 9 million shares. Amazon agreed to spend $2.1 billion on Plug products over the seven-year term of the contract in order for its warrants to fully vest.

Is PLUG a long term stock?

With analysts’ earnings estimates continuing to move lower, PLUG stock may not gather any momentum in the short term, but the company seems well-positioned to grow in the long term, creating an opportunity for long-term-oriented investors. Thus, I’m bullish on PLUG stock for the long term.

Will Plug Power succeed?

Plug Power’s (NASDAQ:PLUG) profitability projections (profitable in 2025) appear overly optimistic, given the company’s increasing expenses relative to its revenues. In addition, share dilution and high share-based compensations are disadvantaging shareholders. In total, there are too many risks.

Why to invest in Plug Power?

Plug Power is optimistic about its growth in the upcoming decade. It expects to end 2026 with $5 billion in sales, a gross margin of 30%, and an operating income of 17%. Moreover, sales in 2030 are forecast at $20 billion, with a gross margin of 35% and an operating margin of 20%.

Who invest in Plug Power?

Grove Energy Capital: 54.96 million shares. Grove is the top institutional shareholder of PLUG as of Q1 2022. Vanguard: 51.87 million shares. Vanguard added 866,881 shares of PLUG stock in Q4 2022.

Who owns the most stock in Plug Power?

Plug Power Stock Ownership FAQ

Who owns Plug Power? Plug Power (NASDAQ: PLUG) is owned by 49.99% institutional shareholders, 13.53% Plug Power insiders, and 36.48% retail investors. Jsc Inter Rao Capital is the largest individual Plug Power shareholder, owning 49.09M shares representing 8.15% of the company.

How big will Plug Power get?

The company expects to generate $1.2 billion in revenue this year, grow it to $6 billion by 2027, and hit a massive $20 billion in revenue by 2030. In other words, Plug Power expects to grow its revenue by a whopping 17 times in just about seven years.

Is PLUG overvalued?

According to the GF Value, Plug Power (NASDAQ:PLUG) is significantly overvalued. The stock’s fair value is estimated based on historical multiples, internal adjustments based on past business growth, and analyst estimates of future business performance.

Is Plug Power a good investment 2023?

While the company has struggled recently with execution, its management has brought Plug much closer to profitability. As noted, the company remains optimistic about its future prospects, forecasting 30% gross margin for 2026. These are ambitious targets, suggesting more than 600% growth above 2022.

Is PLUG a meme stock?

There are still a few meme stocks that look poised to eventually succeed. Plug Power (PLUG): The street’s concerns about PLUG are way overdone. Bionano (BNGO): A study demonstrated the superiority of BNGO’s optical genome mapping.

Will PLUG ever make money?

Plug Power’s growth and profitability

Plug Power can’t seem to make money. Net loss is nearly as large as revenue, and the company has never reported a profit. There have been lofty expectations of when Plug Power will reach profitability, but it never quite happens. This isn’t a unique problem in hydrogen.

What is the PLUG stock prediction for 2023?

Plug Power Stock Price Forecast 2023-2024

The forecasted Plug Power price at the end of 2023 is $7.49 – and the year to year change -39%. The rise from today to year-end: +27%.

What was the highest price of Plug Power stock?

Plug Power (PLUG)

In January, 2021 PLUG hit a high of 75.49. It has fallen more than 95% since then and is down 71% so far in 2023.

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