Plug Power Inc. ($PLUG) Stock Forecast: Up 5.3% Today

What is Plug Power Inc.?

Plug Power (PLUG) is a leading provider of hydrogen fuel cell solutions, with a focus on green energy and sustainability. The stock has been volatile recently due to mixed earnings reports and analyst sentiments.

Why is Plug Power Inc. going up?

PLUG stock is up 5.3% on May 16, 2025 18:22

• Despite a recent 21% decline in share price, Plug Power saw a 3% increase today, suggesting a potential rebound.
• Caution from JP Morgan, including the withdrawal of price forecast, may have initially reduced investor confidence, impacting the stock negatively.
• A positive outcome in revenue for Q1, attributed to substantial growth in electrolyzer sales, might have increased investor optimism and contributed to today's uptrend.
• Although Plug Power's future growth potential in the green hydrogen sector looks promising, short-term challenges and earnings performance continue to influence its stock behavior.

PLUG Price Chart

PLUG Technical Analysis

PLUG News

Plug Power Stock Is Down 21% This Week: What's Going On? - Plug Power ( NASDAQ:PLUG )

Plug Power shares rose 3% to 72 cents on Friday, clawing back some ground after a sharp selloff earlier in the week. The stock remains down 21.4% since Monday's session following a mixed Q1 earnings report. Don't miss this list of 3 high-yield stocks-including one delivering over 10%-built for ...

https://www.benzinga.com/news/25/05/45469124/plug-power-stock-is-down-21-this-week-whats-going-on

JP Morgan Signals Caution On Plug Power's Near-Term Challenges, Withdraws Price Forecast - Plug Power ( NASDAQ:PLUG )

Plug Power is positioned for long-term growth with planned expansion into new markets and the green hydrogen space. Peterson remains cautiously optimistic about Plug's path to eventual profitability. Price target has been withdrawn.

https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45417895/jp-morgan-signals-caution-on-plug-powers-near-term-challenges-withdraws-price-forec

Plug Power Stock Is Tumbling Tuesday: What's Going On? - Plug Power ( NASDAQ:PLUG )

Plug Power stock drops over 9% after posting a wider-than-expected loss in the first quarter. Canaccord Genuity analyst George Gianarikas maintains a Hold rating and lowers the price target from $1.25 to $1.00.

https://www.benzinga.com/news/earnings/25/05/45387898/plug-power-stock-is-tumbling-tuesday-whats-going-on

Plug Power ( PLUG ) Reports Q1 Loss, Tops Revenue Estimates

Plug Power (PLUG) delivered earnings and revenue surprises of -5% and 1.08%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2467141/plug-power-plug-reports-q1-loss-tops-revenue-estimates

Plug Power Q1 Earnings: Revenue Beats Estimates Driven By 575% Growth In Electrolyzer Sales, EPS Falls Short, Company Highlights 'Real Progress' Toward Profitability - Plug Power ( NASDAQ:PLUG )

Plug Power reports first-quarter revenue of $133.67 million, beating analyst estimates of $132.16 million. Plug Power reports a first-quarter loss of 21 cents per share, missing analyst estimates for a loss of 19 cents per share.

https://www.benzinga.com/news/earnings/25/05/45361043/plug-power-q1-earnings-revenue-beats-estimates-driven-by-575-growth-in-electrolyzer-sales-eps-falls

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Plug Power Inc. Price History

09.04.2025 - PLUG Stock was up 6.3%

• PLUG stock experienced a strong bullish movement despite the overall market showing a bearish trend.
• The partnership with BASF, a German chemical company, to utilize their purification technology in hydrogen liquefaction plants may have boosted investor confidence in Plug Power's future growth prospects.
• Despite a slight drop in stock price in the previous trading session, the positive news of the collaboration with BASF seems to have overshadowed any short-term concerns, leading to the bullish movement in PLUG stock.

13.04.2025 - PLUG Stock was down 7.6%

• Plug Power reported a Q1 loss, which was worse than expected, contributing to the bearish movement.
• Although the company's revenue beat estimates, the larger-than-expected loss per share disappointed investors.
• The partnership with BASF to utilize purification technology for hydrogen liquefaction may have long-term benefits, but the immediate market reaction seems to be influenced more by the quarterly financial performance.

22.03.2025 - PLUG Stock was up 13.3%

• The surge in Plug Power stock was attributed to the successful launch of its joint venture, Hidrogenii, and the start of operations at a new hydrogen liquefaction facility located in Louisiana.
• Investors reacted positively to the news of Plug Power's enhanced hydrogen production capacity, now at 40 metric tons per day, which fueled optimism and drove the bullish movement in the stock.
• Despite encountering financial challenges earlier this month, Plug Power's strategic growth initiatives and operational achievements have rejuvenated investor confidence in the company's potential for expansion, resulting in a significant increase in its stock value.

25.03.2025 - PLUG Stock was down 5.3%

• Despite a recent rebound in Plug Power's stock price, the overall trend has been bearish, with a significant 40% decline in April.
• The positive movement today could be attributed to a broader Wall Street rally, lifting many stocks including PLUG.
• However, the company's financial struggles, weak earnings, and reduced revenue outlook have been weighing heavily on the stock, contributing to its overall bearish movement.
• Investors should keep an eye on Plug Power's upcoming earnings releases and any updates on their hydrogen plant launch to gauge the stock's future performance.

08.04.2025 - PLUG Stock was up 6.1%

• There was a slight drop in PLUG stock price in the most recent trading session, but the overall bullish movement shows strong investor confidence in the company's future prospects.
• The drop in stock price may be due to profit-taking by some investors after a period of significant gains.
• Nonetheless, the bullish market movement indicates that the overall market sentiment towards Plug Power remains positive, possibly fueled by recent developments in the hydrogen fuel cell industry and the company's strategic partnerships.

02.04.2025 - PLUG Stock was down 6.6%

• Despite expectations of surpassing earnings estimates, Plug Power experienced a bearish movement, suggesting that its actual earnings report may have disappointed investors.
• The company's recent $525-million secured debt deal and cost-cutting initiatives were viewed positively, reflecting confidence in its turnaround strategy. However, other factors such as market conditions or industry trends may have led to the stock's decline.
• The announcement of projected first-quarter revenue between $130 million to $134 million could have impacted investor sentiment. If the actual revenue falls at the lower end of this range or below expectations, it might have contributed to the stock's bearish performance.
• Market fluctuations and challenging conditions could have also influenced Plug Power's negative movement today, overshadowing the positive updates related to financing and cost reductions.

28.03.2025 - PLUG Stock was up 5.0%

• Plug Power's stock saw an 11.6% increase, following the announcement of a $525-million secured debt deal and cost-cutting efforts. This has boosted confidence in the company's turnaround plans.
• The market responded positively to Plug Power's projected Q1 revenue of $130 million to $134 million and expected savings from operational efficiency measures, reflecting optimism about the company's financial performance.
• Despite a 40% decline in April due to weak earnings and a lowered revenue forecast, Plug Power's recent surge indicates investor confidence in its ability to overcome challenges and seize growth opportunities in the green energy sector.
• Plug Power's stock rebound was also supported by the broader Wall Street rally, underlining positive market sentiment towards renewable energy firms like Plug Power amid a growing emphasis on sustainability and clean technologies.

29.03.2025 - PLUG Stock was down 7.6%

• Plug Power experienced a strong bearish movement despite positive news of signing a $525 million secured debt deal and cost-cutting measures.
• The market's manic swings and extreme conditions may have contributed to the bearish movement in PLUG stock.
• Despite lagging the market today, Plug Power's long-term growth prospects and path to profitability remain intact, as indicated by the positive developments in its financial agreements and operational streamlining efforts.

13.04.2025 - PLUG Stock was down 9.4%

• Plug Power stock plummeted over 9% after reporting a wider-than-expected loss in the first quarter, leading to a Hold rating from an analyst.
• Despite beating revenue estimates driven by a 575% growth in electrolyzer sales, the company fell short on earnings per share, signaling potential concerns about profitability.
• The partnership with BASF to utilize the German company's purification technology for hydrogen liquefaction could be a positive long-term move, but the immediate market reaction seems to be focused on the quarterly financial performance.
• The mixed results and the lowered price target by analysts may have contributed to the bearish sentiment surrounding Plug Power today.

23.03.2025 - PLUG Stock was down 5.0%

• Plug Power saw a significant decline of 40% in April amidst a broader market upturn, attributed to disappointing earnings and a lowered revenue forecast.
• Despite launching a joint venture named Hidrogenii with Olin and a new hydrogen liquefaction facility in Louisiana, the stock did not see a positive impact.
• The company's financial struggles outweighed any positive developments in its hydrogen production capacity.
• Investors may remain wary of Plug Power's future until there is more clarity on its financial performance and revenue outlook.

14.04.2025 - PLUG Stock was down 5.8%

• Plug Power's stock saw a significant decline today, with a decrease of over 9%.
• The decline is linked to the company's announcement of a larger-than-expected loss in the first quarter, prompting caution from JP Morgan and a reduction in price target by Canaccord Genuity analyst George Gianarikas.
• While revenue exceeded expectations, the first-quarter loss per share fell below analysts' forecasts, raising concerns about profitability.
• There is market unease over Plug Power's short-term difficulties, with JP Morgan withdrawing its price prediction and questions arising about the company's path to eventual profitability.

16.04.2025 - PLUG Stock was up 5.3%

• Despite a recent 21% decline in share price, Plug Power saw a 3% increase today, suggesting a potential rebound.
• Caution from JP Morgan, including the withdrawal of price forecast, may have initially reduced investor confidence, impacting the stock negatively.
• A positive outcome in revenue for Q1, attributed to substantial growth in electrolyzer sales, might have increased investor optimism and contributed to today's uptrend.
• Although Plug Power's future growth potential in the green hydrogen sector looks promising, short-term challenges and earnings performance continue to influence its stock behavior.