Key Insights:
- Plug Power Inc. secures a $1.66 billion loan from the U.S. Department of Energy.
- Analyst price targets suggest significant potential upside from current levels.
- GuruFocus estimates indicate substantial future value for the stock.
Plug Power Inc. (PLUG, Financial) has taken a significant step in the green hydrogen sector by securing a $1.66 billion loan guarantee from the U.S. Department of Energy. This financial backing aims to bolster the company’s six hydrogen production projects across the nation, potentially accelerating its growth despite recent challenges such as revenue declines and cautious forecasts from analysts.
Analysts’ Price Targets and Stock Predictions
Currently, 22 analysts have set a one-year price target for Plug Power Inc. (PLUG, Financial), with an average estimate of $2.57. Their predictions fluctuate, with a high of $7.00 and a low of $0.75. This median target suggests a remarkable potential upside of 127.67% from the stock’s current valuation of $1.13. For more detailed forecast data, visit the Plug Power Inc (PLUG) Forecast page.
Brokerage Recommendations
The consensus recommendation from 26 brokerage firms places Plug Power Inc. (PLUG, Financial) at an average rating of 3.0, indicating a “Hold” status. This rating falls on a scale from 1 to 5, where 1 represents Strong Buy and 5 indicates Sell, reflecting tempered expectations given the company’s current performance and market conditions.
GF Value and Investment Potential
According to GuruFocus estimates, the GF Value for Plug Power Inc. (PLUG, Financial) is projected to reach $5.48 within a year, representing a substantial potential upside of 384.96% from its current price of $1.13. The GF Value metric is GuruFocus’ representation of a stock’s fair trade value, derived from its historical trading multiples, past business growth, and future performance forecasts. More comprehensive data can be found on the Plug Power Inc (PLUG) Summary page.
