Plug Power Inc. (PLUG) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$3.31
Price Target
$3.91
Target Range
$1.00 — $7.00
Analyst Rating
Buy
Forward P/E—
Trailing P/E—
Forward PEG—
Implied Growth—
Median Target$2.75
Analyst Spread153.5%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$1
-69.8%
Consensus
$4
+18.1%
Bull Case
$7
+111.5%
PLUG Price Target Analysis
Updated May 7, 2026As of May 7, 2026, Plug Power Inc. (PLUG) has a Wall Street consensus price target of $3.91, based on estimates from 38 covering analysts. With the stock currently trading at $3.31, this represents a potential upside of +18.1%. The company has a market capitalization of $4.61B.
Analyst price targets range from a low of $1.00 to a high of $7.00, representing a 153% spread in expectations. The median target of $2.75 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 17 analysts rating the stock as a Buy or Strong Buy,16 rating it Hold, and 5 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, PLUG trades at a.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+0.0%
Avg Forward P/E44.3x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 BEBloom Energy Corporation | $68.6B | $285.47 | $187.56 | -34.3% | Buy | 136.4x | 31 |
 FCELFuelCell Energy, Inc. | $674M | $12.81 | $8.73 | -31.9% | Hold | — | 19 |
 BLDPBallard Power Systems Inc. | $1.4B | $4.78 | $2.72 | -43.1% | Hold | — | 25 |
 HYLNHyliion Holdings Corp. | $449M | $2.39 | $3.13 | +31.0% | Hold | — | 6 |
 HTOOFusion Fuel Green PLC | $62M | $3.37 | — | — | — | — | — |
 ITWIllinois Tool Works Inc. | $75.1B | $260.52 | $273.67 | +5.0% | Hold | 23.1x | 28 |
 CLNEClean Energy Fuels Corp. | $491M | $2.24 | $3.50 | +56.3% | Buy | — | 22 |
 APDAir Products and Chemicals, Inc. | $66.8B | $300.21 | $312.78 | +4.2% | Buy | 22.9x | 42 |
 LINLinde plc | $232.6B | $501.87 | $539.71 | +7.5% | Buy | 28.1x | 28 |
 CECelanese Corporation | $7.0B | $62.12 | $65.40 | +5.3% | Hold | 11.1x | 37 |
Upside Potential Comparison
CLNEHYLNLINCEITWAPDFCELBESee PLUG's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PLUG Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare PLUG vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonPLUG — Frequently Asked Questions
Quick answers to the most common questions about buying PLUG stock.
What is the PLUG stock price target for 2026?
Plug Power Inc. (PLUG) has a consensus 12-month price target of $3.91, implying 18.1% upside from $3.31. The 38 analysts covering PLUG see moderate appreciation potential.
Is PLUG a buy, sell, or hold?
PLUG has a consensus rating of "Buy" based on 38 Wall Street analysts. The rating breakdown is mixed, with 16 Hold ratings making up the largest segment. The consensus 12-month price target of $3.91 implies 18.1% upside from current levels.
Is PLUG stock overvalued or undervalued?
PLUG's current price is $3.31 with a consensus target of $3.91 (18.1% implied move). Analyst estimates suggest the stock is undervalued at current levels.
How high can PLUG stock go?
The most bullish Wall Street analyst has a price target of $7 for PLUG, while the most conservative target is $1. The consensus of $3.91 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover PLUG stock?
PLUG is heavily covered by Wall Street, with 38 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 17 have Buy ratings, 16 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the PLUG stock forecast?
The 12-month PLUG stock forecast based on 38 Wall Street analysts shows a consensus price target of $3.91, with estimates ranging from $1 (bear case) to $7 (bull case). The median consensus rating is "Buy".
Should I buy PLUG stock?
Wall Street analysts are optimistic on PLUG, with a "Buy" consensus rating and $3.91 price target (18.1% upside). 17 of 38 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do PLUG price targets vary so much?
PLUG analyst price targets range from $1 to $7, a 153% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $3.91 consensus represents the middle ground.