Plug Power, Inc. (NASDAQ:PLUG) Given Average Rating of “Hold” by Analysts

Plug Power, Inc. (NASDAQ:PLUG) has received a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $2.7346.

Several equities analysts have weighed in on the stock. Canaccord Genuity Group set a $7.00 price target on shares of Plug Power in a report on Monday, November 24th. TD Cowen downgraded shares of Plug Power from a “buy” rating to a “hold” rating in a research report on Friday, January 9th. Susquehanna dropped their target price on shares of Plug Power from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Monday, November 17th. HC Wainwright reissued a “buy” rating and set a $7.00 price target on shares of Plug Power in a report on Monday, November 24th. Finally, Clear Str upgraded Plug Power from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st.

Plug Power News Summary

Here are the key news stories impacting Plug Power this week:

• Positive Sentiment: Plug Power plans a $264 million green-hydrogen plant — a material project that could expand its production capacity and long-term revenue profile if executed as planned. Plug Power plans $264 million ‘green hydrogen’ plant
• Neutral Sentiment: Analysts and news outlets have noted short-term share rebounds on specific trading days, reflecting volatile intraday momentum that can mask the broader legal and capital-structure themes. Why Plug Power (PLUG) Outpaced the Stock Market Today
• Negative Sentiment: Multiple class-action lawsuits have been filed alleging securities fraud for purchases between Jan. 17, 2025 and Nov. 13, 2025; several law firms are soliciting lead plaintiffs and reminding investors of an April 3, 2026 deadline — creating legal risk, potential liability, and reputational pressure. PLUG CLASS ACTION: Plug Power Investors with Significant Losses Should Contact Robbins LLP
• Negative Sentiment: Coverage from multiple firms (Pomerantz, Bleichmar Fonti & Auld, Faruqi & Faruqi, Rosen, Gross, et al.) amplifies the class-action narrative; some filings cite a sharp (~17%) stock drop tied to DOE funding issues — this concentrated legal attention tends to weigh on share price and deter some investors. Pomerantz Law Firm Announces Filing of a Class Action Against Plug Power
• Negative Sentiment: Shareholders approved doubling authorized common stock to 3.0 billion shares — this increases the company’s ability to raise capital but heightens dilution risk for existing holders, a common near-term negative catalyst for the share price. Plug Power (PLUG) Valuation Check After Shareholders Approve Doubling Authorized Common Stock

Plug Power Stock Performance

Shares of PLUG opened at $1.87 on Monday. The business has a 50-day simple moving average of $2.15 and a two-hundred day simple moving average of $2.24. The company has a quick ratio of 0.70, a current ratio of 1.32 and a debt-to-equity ratio of 0.24. Plug Power has a 52 week low of $0.69 and a 52 week high of $4.58. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -0.79 and a beta of 1.87.

Insider Activity at Plug Power

In other Plug Power news, insider Benjamin Haycraft sold 40,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $2.20, for a total transaction of $88,000.00. Following the completion of the sale, the insider directly owned 373,809 shares of the company’s stock, valued at $822,379.80. This trade represents a 9.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jose Luis Crespo bought 37,300 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average price of $2.34 per share, with a total value of $87,282.00. Following the transaction, the insider owned 307,332 shares of the company’s stock, valued at $719,156.88. The trade was a 13.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Plug Power

Hedge funds have recently made changes to their positions in the company. Profund Advisors LLC grew its holdings in Plug Power by 24.4% during the 3rd quarter. Profund Advisors LLC now owns 20,188 shares of the electronics maker’s stock valued at $47,000 after buying an additional 3,961 shares in the last quarter. SlateStone Wealth LLC grew its holdings in shares of Plug Power by 16.0% in the third quarter. SlateStone Wealth LLC now owns 29,077 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 4,000 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its position in Plug Power by 33.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 18,414 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 4,615 shares during the last quarter. International Assets Investment Management LLC raised its stake in Plug Power by 53.6% during the fourth quarter. International Assets Investment Management LLC now owns 15,773 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 5,503 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Plug Power by 10.6% during the third quarter. Mackenzie Financial Corp now owns 58,098 shares of the electronics maker’s stock valued at $135,000 after purchasing an additional 5,584 shares during the last quarter. 43.48% of the stock is currently owned by hedge funds and other institutional investors.

Plug Power Company Profile

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.