Plug Power Stock Price Prediction 2023, 2024, 2025, 2030, 2040

Plug Power Stock Price Prediction
Plug Power Stock Price Prediction

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 latest long-term forecast says that the Plug Power price will reach $30 by the middle of 2023 and then steadily increase over time to reach $40 by mid-2024, and then rise to $60 in 2025, $75 in 2026, $80 in 2027, $90 in 2028, $100 in 2030 and $125 in 2034.

  • 52 Week High: 30.555
  • 52 Week Low: 21.686
  • 45-Day Moving Average: 23.273
  • 90-Day Moving Average: 24.009

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.

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 Cap12.64 Billion
Enterprise Value9.90 Billion
PE Ratio (TTM)N/A
EPS (TTM)-0.97
1y Target Est37.43
Trailing P/EN/A
Forward P/EN/A
Price/Sales (ttm)20.31
Revenue16.56
EBITDA-17.31

Ttm- trailing twelve months

Stock Price History

Beta (5Y Monthly)1.66
52-Week Change-10.46%
S&P500 52-Week Change-15.36%
52 Week High46.50
52 Week Low12.70
50-Day Moving Average25.62
200-Day Moving Average22.86

Financial Highlights:

Profitability
Profit Margin-105.26%
Operating Margin (ttm)-94.82%
Income Statement
Revenue (ttm)597.9M
Revenue Per Share (ttm)1.04
Quarterly Revenue Growth (yoy)21.40%
Gross Profit (ttm)-99.32M
EBITDA-532.42M
Net Income Avi to Common (ttm)-629.37M
Diluted EPS (ttm)-0.97
Quarterly Earnings Growth (yoy)N/A

YOY = Year Over Year

Balance Sheet
Total Cash (mrq)3.11B
Total Cash Per Share (mrq)5.37
Total Debt (mrq)822.17M
Total Debt/Equity (mrq)18.95
Current Ratio (mrq)9.10
Book Value Per Share (mrq)7.50

MRQ = Most Recent Quarter

Cash Flow Statement
Operating Cash Flow (ttm)-516.65M
Levered Free Cash Flow (ttm)-695.78M

Plug Power Stock Forecast For Upcoming Years

Plug Power Stock Price Prediction
Plug Power Stock Price Prediction

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.

YearLower RangeMedium RangeHigher Range
2022$37.25$39.75$42.50
2023$48.25$52.50$55.75
2024$63.75$68.25$72.75
2025$81.50$87.25$93.25
2026$103.50$110.75$118.50
2027$129.50$138.50$148.25
2028$163.00$174.50$186.75
2029$208.75$223.25$239.00
2030$271.50$290.25$310.75
2040$1,680$1,800$1,925

Plug Power Stock Price Forecast 2022-2023

Plug Power started at $28.23 in 2022. The price of Plug Power has decreased by -23% from its beginning in the year 2022 and is projected to end at $22.42 at the end of the year. The overall rise to the year-end would be +3%.

For the first half of 2023, the Plug Power stock price is expected to climb to $32.51. And in the second half, a price addition of $5.94 is predicted which would close the year at $38.45, which is a +76% increase in the current price.

Plug Power Stock Forecast 2024-2025

In 2024, the Plug Power stock price can go anywhere from $63.75 to $72.75. For 2025, predictions are that the stock price will touch a lower range of $81.50 to a higher range of $93.25.

Plug Power Stock Forecast 2026-2029

The future for the stock market looks bright. A new Plug forecast shows that optimism is high, with an upside momentum emerging in 2026. The price is expected to reach a lower range of $103.50, and a higher range of $118.50.

The prices are expected to further rise ranging from $129.50 to $148.25 in 2027, $163.00 to $186.75 in 2028, and $208.75 to $239.00 in 2029.

Plug Power Stock Price Prediction 2030 

The Plug Power stock forecast for 2030 is extremely optimistic, with a projected value of $271.50 (USD) per share on the low end and up to about $310.75 if conditions cooperate.

Plug Power Stock Price Prediction 2040

It is expected to further upsurge in 2040, falling $1,680 at the lower end and $1,925 at the high end.

Will Plug Power Stock Price Grow/Rise/Go Up?

Yes. according to analysts, the stock price of Plug Power can climb from 21.810 USD to 30.555 USD in one year’s time. It will be profitable to invest in Plug Power stock as the long-term earning potential of this investment is estimated to be +40.09% in one year.

Also, Plug Power’s stock price will be worth buying in the coming five years as the future stock price is expected to reach 65.494 USD.

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:

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.

Leave a Comment

close