In this blog post, we’ll take a look at Plug Power stock price prediction and try to make a prediction for where we think they’ll go in the future coming years. So if you’re curious about how this company is doing and what the future may hold for its stock price, keep reading!
Stock prices are always a hot topic of conversation and with good reason. They can be indicative of the overall market, reflect the confidence investors have in a particular company, and even act as a predictor of future success or failure.
The analysts believe that Plug Power’s strong market position and growing market opportunity will continue to drive the stock higher. Plug power stocks seem overvalued but analysts are optimistic regarding their share prices and have given its stock a rating of Moderate Buy.
Some things worth considering when predicting PLUG’s future stock price include its relationship with Amazon, Walmart, and Carrefour. These commercial giants account for a large portion of Plug Power’s sales, so any changes in their relationship could have a significant impact on PLUG’s stock price.
So what do all these factors mean for Plug Power? Only time will tell! But if you’re thinking about investing in this company, it’s important to consider all these factors before making your decision.
Contents
- 1 About Plug Power Inc.
- 1.1 Plug Power Performance Overview
- 1.2 Plug Power Stock Forecast For Upcoming Years
- 1.3 Plug Power Stock Price Forecast 2023
- 1.4 Plug Power Stock Forecast 2024
- 1.5 Plug Power Stock Forecast 2025
- 1.6 Plug Power Stock Forecast 2026
- 1.7 Plug Power Stock Price Prediction 2030
- 1.8 Plug Power Stock Price Prediction 2040
- 1.9 Will Plug Power Stock Price Grow/Rise/Go Up?
- 2 Final Take
About Plug Power Inc.
Plug Power Inc. is an American company that develops, manufactures, and sells hydrogen fuel cell systems for use in forklifts, airport ground support equipment, and other vehicles. It has manufacturing facilities in Spokane, Washington, and Rochester, New York.
The company was founded in 1997 and is headquartered in Latham, New York. It was established as a joint venture between DTE Energy and Mechanical Technology Inc. but later went public in October 1999. The CEO of Power Plug is Andrew Marsh.
Plug Power’s products are based on proton exchange membrane fuel cell technology. Fuel cells convert chemical energy into electrical energy, and can operate without emissions of pollutants such as carbon dioxide and nitrogen oxides.
The company, Plug Power Inc., launched 125 kW Progen fuel cell engines for class 6 trucks in February 2020. The new technology is expected to provide significant improvements over traditional diesel systems while also being more environmentally friendly.
Plug Power Performance Overview
| Market Cap | 9.612B |
| Enterprise Value | 7.99B |
| Shares Outstanding | 582.9M |
| PE Ratio (TTM) | N/A |
| Diluted EPS (ttm) | -0.97 |
| 52 Week Range | 11.49 – 32.05 |
| Trailing P/E | N/A |
| Forward P/E | N/A |
Ttm- trailing twelve months
Stock Price History
| Beta (5Y Monthly) | 1.72 |
| 52 Week High | 32.05 |
| 52 Week Low | 11.49 |
| 50-Day Moving Average | 14.55 |
| 200-Day Moving Average | 19.73 |
Financial Highlights:
Profitability
| Profit Margin | -107.91% |
| Operating Margin (ttm) | -99.05% |
Income Statement
| Revenue (ttm) | 642.6M |
| Revenue Per Share (ttm) | 1.11 |
| Quarterly Revenue Growth (yoy) | 31.10% |
| Gross Profit (ttm) | -99.32M |
| EBITDA | -594.71M |
| Net Income Avi to Common (ttm) | -693.46M |
| Diluted EPS (ttm) | -0.97 |
| Quarterly Earnings Growth (yoy) | N/A |
YOY = Year Over Year
Balance Sheet
| Total Cash (mrq) | 2.7B |
| Total Cash Per Share (mrq) | 4.63 |
| Total Debt (mrq) | 895.61M |
| Total Debt/Equity (mrq) | 21.20 |
| Current Ratio (mrq) | 6.09 |
| Book Value Per Share (mrq) | 7.27 |
MRQ = Most Recent Quarter
Cash Flow Statement
| Operating Cash Flow (ttm) | -531.72M |
| Levered Free Cash Flow (ttm) | -754.06M |
Plug Power Stock Forecast For Upcoming Years
Plug Power Inc. (NASDAQ: PLUG) stock has been on the rise lately, and many investors are wondering if it can continue its upward momentum. Here we will give you all the future predictions and forecasts made by stock experts and analysts about Plug Power stock prices.
| Year | Lower Range | Medium Range | Higher Range |
| 2023 | $18.077 | $18.616 | $18.645 |
| 2024 | $24.930 | $25.990 | $25.990 |
| 2025 | $31.802 | $32.812 | $32.812 |
| 2026 | $38.691 | $39.620 | $39.620 |
| 2030 | $67.87 | $70.00 | $75.63 |
| 2040 | $83.05 | $85.26 | $89.00 |
Plug Power Stock Price Forecast 2023
Currently, Plug Power stock is valued at 16.49 USD. At the end of 2023, the Plug Power stock price is expected to climb to $18.616. The lowest price target is expected at $18.077 and the highest price target is to be $18.645. This indicates that a rise is expected in Plug Power stock prices.
Plug Power Stock Forecast 2024
At the end of 2024, the Plug Power stock price is expected to climb to $25.990. The lowest price target is expected at $24.930 and the highest price target is to be $25.990. The monthly expected price volatility is to be 12.577%.
Plug Power Stock Forecast 2025
By 2025, the Plug Power stock price is expected to climb to $32.812. The lowest price target is expected at $31.802 and the highest price target is to be $32.812. The monthly expected price volatility is to be 12.670%.
Plug Power Stock Forecast 2026
According to analysts’ estimates, Plug power stock is forecasted to be $39.620. The lowest price target is expected at $38.691 and the highest price target is to be $39.620. The monthly expected price volatility is to be 19.213%.
Plug Power Stock Price Prediction 2030
The Plug Power stock forecast for 2030 is extremely optimistic, with a projected value of 70.00 USD per share, with $67.87 on the low end and $75.63 on the higher end.
Plug Power Stock Price Prediction 2040
It is expected that plug power stocks will reach $85.26 by the year 2040, indicating that analysts are optimistic about the future of plug power.
Will Plug Power Stock Price Grow/Rise/Go Up?
Yes. According to analysts, the stock price of Plug Power can climb to $85.26 by 2040. It will be profitable to invest in Plug Power stock as the long-term earning potential of this investment is expected to be favorable.
The company has posted strong growth in recent quarters, and analysts are bullish on its prospects. In addition, Plug Power is making significant investments in research and development, which could lead to further growth down the line.
After carefully considering the risks involved, Plug Stock is encouraging its readers to invest in long-term investments. Every stock has some degree of risk associated with it so do your own research before making any purchases.
Also Check:
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Final Take
The future for Plug Power is looking bright, and with continued innovations and advancements in technology, it is only a matter of time before this company becomes one of the leading providers in the alternative energy market.
Although the future of Plug Power is uncertain, it seems that there is potential for a bright future. If you are thinking about investing in Plug Power stock price prediction, it might be a good idea to wait and see what happens in the next few months. The stock price could go up or down, but if you’re feeling lucky, now might be the time to invest.
