Analyst Optimism Drives Higher Price Target and Valuation for Plug Power Amid Leadership Transition

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

22 Mar 25

Updated

21 Dec 25

Views

2.2k

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-14.1%

7D

-5.2%

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1Y

-14.1%

7D

-5.2%

You can edit this narrative until Dec 22 7:03 AM. Then, changes will post as Updates.

Author's Valuation

US$2.7921.1% undervalued

AnalystConsensusTarget Fair Value

Shared on 21 Dec 25

PLUG: Falling Rates Will Support A Healthier Clean Tech Cycle Ahead

Analysts have raised their price target on Plug Power from $2.50 to $4.40 per share. This reflects increased confidence that a new, healthier cycle for U.S. clean tech, driven by easing interest rates, more sustainable growth expectations, and stable policy support, can support modestly better long term growth, margins, and valuation multiples.

Shared on 07 Dec 25

PLUG: Falling Rates Will Support A Healthier Clean Tech Upcycle

Analysts have raised their price target on Plug Power, roughly adding $1.90 per share. They cited expectations that a newly emerging, healthier cycle for U.S. clean tech, supported by falling interest rates and more realistic policy and growth assumptions, could improve the company’s long term prospects.

Shared on 23 Nov 25

Fair value Increased 0.42%

PLUG: Falling Interest Rates Will Spur A Healthier Clean Tech Upcycle

Narrative Update on Plug Power Analysts have raised their price target for Plug Power by nearly $2, citing optimism for a new cycle in the clean tech sector. This optimism is driven by improving market conditions and more sustainable growth assumptions.

Shared on 05 Nov 25

PLUG: A Healthier Clean Tech Cycle Will Shape Sector Prospects Amid Policy Shifts

The analyst price target for Plug Power was recently raised from $2.50 to $4.40 per share. Analysts cite optimism for a new, healthier cycle in the U.S. clean tech sector, supported by favorable policy shifts and improved market conditions.

Shared on 22 Oct 25

Fair value Increased 15%

Plug Power's analyst price target has increased significantly from $2.50 to $4.40 per share. This change reflects analysts' optimism about improved sector conditions and a more favorable investment climate.

Shared on 08 Oct 25

Fair value Increased 16%

Plug Power's analyst price target has increased from $0.90 to $1.60, as analysts cite improved clarity following recent policy developments. There is also an expected uptick in management commentary regarding backlog and safe harboring for the clean energy group.

Shared on 23 Sep 25

Fair value Increased 5.64%

Plug Power’s consensus price target has been revised upward to $2.08, as analysts cite reduced policy uncertainty from recent legislative clarity and favorable Section 48E tax credit details, outweighing ongoing sector caution. Analyst Commentary Resolution of the "One Big Beautiful Bill Act" and finality on the President's Executive Order seen as a near-term clearing event, reducing uncertainty for clean energy stocks.

Shared on 01 May 25

Fair value Increased 54%

Shared on 24 Apr 25

Fair value Decreased 38%

AnalystConsensusTarget has increased shares outstanding growth rate from 0.1% to 0.2%.

Shared on 17 Apr 25

Fair value Decreased 1.44%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 1.42%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 11%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 28%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

US$2.79

21.1% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

19.67%

Electrical revenue growth rate

0.51%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

10.07%

Calculation

US$142.54m

Earnings '28

x

43.85x

PE Ratio '28

=

US$6.25b

Market Cap '28

US$6.25b

Market Cap '28

/

1.68b

No. shares '28

=

US$3.72

Share Price '28

US$3.72 Share Price '28

Discounted to 2025 @ 10.07% p.a.

=

US$2.79

Fair Value '25