La chaîne d'options affiche les données clés des options sur actions de Plug Power à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour Plug Power..

Plug Power (NASDAQ:PLUG) Stock, Chaîne d'Options

Plug Power

Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

Plug Power Inc

Plug expects net cash usage for Q1 2025 to be approximately $142 million compared to $268 million in Q1 2024.&nbsp;&nbsp; Net cash usage represents the change in unrestricted cash and cash equivalents, less proceeds from public and private offerings, net of transaction costs, and excludes principal payments of convertible instruments. Plug anticipates additional near-term reductions to net cash usage driven by hydrogen plant ramp-ups, additional cost downs, and additional price increases. The net cash usage for the first quarter 2025 could have been lower given the Company has been working with a key customer on a major price change and program enhancement which is effective from January 1, 2025 onwards

News

PLUG

Plug Power Signs $525M Yorkville Credit Facility, Prelim Q1 Revenue Seen At $130M–$134M (Vs. $131.01M Est.), Net Cash Usage at ~$142M

Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading higher by 11.5% to 88 cents Tuesday afternoon. The stock is rebounding sharply amid a broad Wall Street rally, sparked by potential <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44930495/wall-street-rebounds-ahead-of-tesla-earnings-dow-adds-1000-points-bitcoin-hits-91000-whats-driving-markets-tuesday">easing of geopolitical concerns.</a>
What To Know: Tuesday&#8217;s market bounce followed Monday's sell-off, which was triggered by the Trump administration&#8217;s <a href="https://www.benzinga.com/government/regulations/25/04/44904179/wall-street-sinks-dollar-slides-as-trump-ramps-up-fed-attacks-whats-driving-markets-monday">pressure</a> on the Federal Reserve. On Tuesday, major indices all surged more than 2.5%, with the Nasdaq-100 gaining over 400 points.
Sentiment improved further after U.S. Treasury Secretary Scott Bessent <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44930495/wall-street-rebounds-ahead-of-tesla-earnings-dow-adds-1000-points-bitcoin-hits-91000-whats-driving-markets-tuesday">signaled</a> a potential easing in U.S.-China tensions.
Plug Power shares have also been volatile in recent sessions following last week&#8217;s launch of a major hydrogen liquefaction facility in Louisiana, developed in partnership with Olin Corporation. The company says the facility adds 15 metric tons of daily capacity and strengthens Plug's domestic supply chain.
Despite financial headwinds—<a href="https://www.benzinga.com/news/25/04/44614627/plug-power-stock-plagued-by-earnings-miss-cost-cuts-280m-capital-raise-in-march">including a fourth-quarter earnings miss</a>, a $280 million capital raise, and a sharp revenue guidance cut—CEO Andy Marsh remains bullish, taking 50% of his salary in company stock to signal confidence in the company's long-term outlook.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44933432/tesla-in-code-red-situation-as-analyst-flags-6-threats-tied-to-musks-government-rol">Tesla In &#8216;Code Red Situation&#8217; As Analyst Flags 6 Threats Tied To Musk&#8217;s Government Role</a>
<h2 class="wp-block-heading">How To Buy PLUG Stock</h2>
By now you're likely curious about how to participate in the market for Plug Power &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, PLUG has a 52-week high of $4.88 and a 52-week low of $0.76.

Plug Power Stock Is Up 11% Tuesday: What's Going On?

Earth Day is celebrated worldwide on April 22 to support environmental protection, raise awareness about climate change, and promote <a href="https://www.benzinga.com/topic/sustainability">long-term ecological sustainability</a>. 
Here's a look at three green energy stocks that are moving <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43977724/adapt-or-get-left-behind-jpmorgans-top-stocks-for-a-hotter-world">on Earth Day 2025: </a>
Read Next:<a href="https://www.benzinga.com/general/health-care/25/04/44869920/unitedhealth-ceo-says-high-cost-of-us-health-care-simply-not-sustainable"> UnitedHealth CEO Says High Cost Of US Health Care &#8216;Simply Not Sustainable&#8217;&nbsp;</a>
<ul>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is best known for its electric vehicles, but the Austin, Texas-based company is also a leader in clean energy solutions. Tesla's energy products include the Powerwall home battery that stores solar electricity for backup power and energy independence, and the Megapack large-scale battery storage system for utilities and commercial customers. Its shares are trending Tuesday ahead of the company's<a href="https://www.benzinga.com/25/04/44925313/tesla-q1-earnings-preview-shareholders-analysts-want-answers-on-guidance-tariffs-fsd-and-more"> highly anticipated</a> first-quarter earnings release scheduled after the closing bell. Analysts expect quarterly revenue of $21.35 billion, up from $21.3 billion in last year&#8217;s first quarter, according to data <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0421">from Benzinga Pro.</a></li>
</ul>
<ul>
<li>Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) specializes in hydrogen fuel cell technology and is working to develop a comprehensive green hydrogen ecosystem. Its hydrogen fuel cell systems could replace conventional batteries in equipment and vehicles powered by electricity, such as forklifts, material handling vehicles, and EVs. Plug Power shares are up more than 11% on heavy trading volume in Tuesday's midday trading, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>. </li>
</ul>
<ul>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) shares are climbing Tuesday after the Commerce Department finalized steep<a href="https://www.benzinga.com/trading-ideas/movers/25/04/44925565/first-solar-stock-jumps-as-u-s-finalizes-tariffs-on-southeast-asian-solar-panels"> tariff rates</a> on Chinese solar panel manufacturers operating in Southeast Asia. The tariffs come after First Solar, Korea's Hanwha Qcells and other members of the American Alliance for Solar Manufacturing Trade Committee accused the companies of selling below cost and gaining unfair advantages that hurt U.S. competitors.</li>
</ul>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/04/44903087/amazon-stock-downgraded-price-target-slashed-as-tariffs-create-uncertainty">Amazon Stock Downgraded, Price Target Slashed As Tariffs Create Uncertainty&nbsp;</a></li>
</ul>
Image: Shutterstock

Large Cap

Markets

Movers

Tech

FSLR

TSLA

3 Green Energy Stocks Trending On Earth Day 2025

Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares have tumbled 40% to 78 cents in April, weighed down by weak earnings and a reduced revenue outlook despite the launch of a new hydrogen liquefaction plant.
What To Know: The <a href="https://www.benzinga.com/25/04/44875414/whats-going-on-with-plug-power-stock-today">company&#8217;s joint venture</a> with Olin Corp., Hidrogenii, began operations at a major facility in Louisiana capable of producing 15 metric tons of hydrogen daily. This brings Plug's total U.S. production capacity to 40 metric tons per day and strengthens its domestic hydrogen supply chain.
However, the stock remains under pressure following a <a href="https://www.benzinga.com/news/25/04/44614627/plug-power-stock-plagued-by-earnings-miss-cost-cuts-280m-capital-raise-in-march">disappointing fourth-quarter earnings report</a> from March, which revealed revenue of $191.5 million—well below analyst estimates—and a gross margin loss of 122%. 
The company also booked nearly $1 billion in impairment charges. In response, Plug announced cost-cutting measures through <a href="https://www.benzinga.com/25/03/44103584/plug-stock-drops-as-hydrogen-leader-struggles-with-margins-initiates-cost-reduction-plan">"Project Quantum Leap"</a> and raised $280 million in new capital.
While management remains optimistic, with CEO Andy Marsh opting to take half his salary in stock, investors are remaining cautious due to lingering financial uncertainty and a lowered 2025 revenue forecast.
Read Also: <a href="https://www.benzinga.com/government/regulations/25/04/44896834/dollar-hits-3-year-lows-us-stocks-tumble-as-trump-threatens-to-fire-powell-contrarians-of-the-world-unite">Dollar Hits 3-Year Lows, US Stocks Tumble As Trump Threatens To Fire Powell: &#8216;Contrarians Of The World, Unite!&#8217;</a>
<h2 class="wp-block-heading">How To Buy PLUG Stock</h2>
By now you're likely curious about how to participate in the market for Plug Power &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Plug Power, which is trading at $0.81 as of publishing time, $100 would buy you 123.46 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, PLUG has a 52-week high of $4.90 and a 52-week low of $0.79.

Plug Power Stock Sinks 40% In April Amid Financial Struggles Despite Hydrogen Plant Launch

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are <a target="_blank" href="https://www.benzinga.com/news" rel="noreferrer noopener">trading lower on Thursday</a>. The company&#8217;s joint venture with Olin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>), named Hidrogenii, officially launched operations at its new hydrogen liquefaction facility in St. Gabriel, Louisiana—one of the largest of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44860452/hidrogenii-a-plug-and-olin-joint-venture-commissions-15-ton-per-day-hydrogen-liquefaction-plant-in" rel="noreferrer noopener">its kind in North America.</a>
The plant, capable of liquefying up to 15 metric tons of hydrogen per day, will serve Plug&#8217;s material handling customers nationwide.
The move marks a significant step toward building a robust U.S.-based hydrogen supply chain and underscores Plug&#8217;s ongoing effort to scale its green energy production network, the company said in a press release.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44868280/us-listed-chinese-stocks-face-250-billion-forced-selling-risk-as-delisting-fears-emerge-what-investors-need-to-know" rel="noreferrer noopener">US-Listed Chinese Stocks Face $250 Billion Forced Selling Risk As Delisting Fears Emerge: What Investors Need To Know</a>
Hydrogen for the St. Gabriel plant will be produced by Olin and distributed via trailers under Plug&#8217;s spot pricing model.
With this addition, Plug&#8217;s total hydrogen production capacity now reaches 40 metric tons per day, including output from its existing Georgia and Tennessee facilities.
The company emphasized the cost and reliability benefits of sourcing domestically produced hydrogen, which reduces its reliance on external suppliers.
&#8220;This Louisiana plant, a milestone in expanding our U.S. hydrogen network, bolsters our financial position by leveraging a dependable, cost-effective hydrogen source,&#8221; said Andy Marsh, CEO of Plug Power.
He noted that this development helps strengthen the company&#8217;s operational foundation while supporting growth.
Ken Lane, President and CEO of Olin, described the joint venture as aligned with Olin&#8217;s strategic priorities. Lane called it &#8220;a value-first approach&#8221; that builds on core competencies through adjacent, capital-efficient projects.
Formed in 2022, Hidrogenii was created to develop and operate hydrogen infrastructure.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost over 66% in the past year. Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
Price Action: PLUG shares are trading lower by 1.79% to $0.90 at last check on Thursday.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44862662/trump-pressures-fed-as-ecb-delivers-7th-straight-rate-cut" target="_blank" rel="noreferrer noopener">Trump Pressures Fed As ECB Delivers 7th Straight Rate Cut</a></li>
</ul>
Photo by T. Schneider via Shutterstock

Equities

General

HYDR

What's Going On With Plug Power Stock On Thursday?

<ul>
<li>Hydrogen Capture Enhances Sustainability and Profitability of Olin's St. Gabriel Facility</li>
<li>Plug US Hydrogen Capacity now at 40 metric-ton-per-day (TPD)</li>
</ul>

Hidrogenii, Olin And Plug Power's Joint Venture, Unveils 15 TPD Hydrogen Liquefaction Plant To Strengthen Regional Supply Chain

WIIM

AGCO

AREB

BLDR

CARR

CLIK

EXPD

FBGL

GLXG

GTEC

HKPD

HTOO

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STEM

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WLGS

Shares of companies within the broader industrial sector are trading lower amid overall market weakness after Fed Chair Powell made remarks at the Economic Club. Stocks across sectors may also be weighed down on trade tension fears after after the United States informed NVIDIA that it may require a license to export chips to China.

Susquehanna analyst Biju Perincheril maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Neutral and lowers the price target from $1.8 to $1.25.

Price Target

Analyst Ratings

Susquehanna Maintains Neutral on Plug Power, Lowers Price Target to $1.25

ACHR

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AMTM

BEEM

BlackSky Technology Inc. Class A Common Stock

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CEA INDUSTRIES INC by CEA Industries Inc.

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Shares of companies in the broader industrial sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

BLDP

CRGO

NEOV

WATT

Shares of companies in the industrial sector are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs.

Seaport Global analyst Tom Curran maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Sell and lowers the price target from $1 to $0.75.

Seaport Global Maintains Sell on Plug Power, Lowers Price Target to $0.75

Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) stock was extremely volatile last month, marked by <a href="https://www.benzinga.com/pressreleases/25/03/g44096388/plug-power-announces-continued-cash-flow-improvement-and-progress-on-path-to-profitability">disappointing earnings</a>, strategic cost-cutting measures and a significant capital raise to bolster the company&#8217;s financial position.
What To Know: The hydrogen fuel cell company announced in March that it <a href="https://www.benzinga.com/25/03/44103584/plug-stock-drops-as-hydrogen-leader-struggles-with-margins-initiates-cost-reduction-plan">missed analyst expectations</a> for the fourth quarter of 2024, reporting $191.5 million in revenue versus the projected $263.2 million, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Despite a 583% year-over-year increase in electrolyzer revenue, the company posted a gross margin loss of 122% and recorded $971.3 million in non-cash impairment charges.&nbsp;
To address these challenges, Plug launched <a href="https://www.benzinga.com/25/03/44103584/plug-stock-drops-as-hydrogen-leader-struggles-with-margins-initiates-cost-reduction-plan">&#8220;Project Quantum Leap,&#8221;</a> aiming to cut annual expenses by $150 million to $200 million through workforce reductions, facility consolidations, and discretionary spending cuts. That was enough for investors as the stock sold off and has continued to trend lower since.
J.P. Morgan analyst Bill Peterson reiterated a Neutral rating following the quarter, noting that while Plug could see <a href="https://www.benzinga.com/25/03/44147221/plug-powers-cautious-climb-analyst-highlights-growth-amid-funding-delays">moderate growth in 2025</a> through increased electrolyzer deployments and material handling demand, its financial outlook remains uncertain. 
The company also lowered its full-year revenue guidance to a range of $700 million to $800 million, down from prior expectations of $850 million to $950 million.
On March 19, Plug announced a <a href="https://www.benzinga.com/news/offerings/25/03/44401708/whats-going-on-with-plug-power-stock-today-8">$280 million capital raise</a> through a stock and warrant offering, a move CEO Andy Marsh said would improve liquidity and position the company for long-term profitability. 
Marsh further signaled confidence by opting to receive <a href="https://www.benzinga.com/25/03/44417764/whats-going-on-with-plug-power-stock-today">50% of his salary</a> in company stock, reinforcing management's commitment to Plug's future. Despite the positive reinforcement, shares continued to move lower, closing out March at the lows for the month.
<h2 class="wp-block-heading">How To Buy PLUG Stock</h2>
By now you're likely curious about how to participate in the market for Plug Power &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Plug Power, which is trading at $1.31 as of publishing time, $100 would buy you 76.92 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
PLUG Price Action: According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, Plug has a 52-week high of $4.88 and a 52-week low of $1.26. Plug shares have fallen approximately 13% over the trailing month and are down 26.7% since March 7. The stock was hovering around $1.31 at the time of publication Wednesday.

Plug Power Stock Plagued By Earnings Miss, Cost Cuts, $280M Capital Raise In March

HC Wainwright &amp; Co. analyst Amit Dayal reiterates Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Buy and maintains $3 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on Plug Power, Maintains $3 Price Target

Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) has been analyzed by 12 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">3</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Plug Power, revealing an average target of $1.91, a high estimate of $3.00, and a low estimate of $1.00. Experiencing a 24.21% decline, the current average is now lower than the previous average price target of $2.52. 
<img src="https://www.benzinga.com/files/images/story/2025/1742846444_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Plug Power. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Amit Dayal</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$3.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Manav Gupta</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$1.75</td>
<td>$2.50</td>
</tr>
<tr>
<td>Arthur Sitbon</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$1.60</td>
<td>$1.75</td>
</tr>
<tr>
<td>George Gianarikas</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$1.25</td>
<td>$2.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$1.50</td>
<td>$2.00</td>
</tr>
<tr>
<td>Ryan Pfingst</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$1.10</td>
<td>$1.40</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$1.80</td>
<td>$2.50</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$1.40</td>
<td>$1.60</td>
</tr>
<tr>
<td>Amit Dayal</td>
<td>HC Wainwright &amp; Co.</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Tom Curran</td>
<td>Seaport Global</td>
<td>Announces</td>
<td>Sell</td>
<td>$1.00</td>
<td>-</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$2.50</td>
<td>$2.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Plug Power. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Plug Power compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Plug Power's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Plug Power's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PLUG/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Plug Power analyst ratings.</a>
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<h2>All You Need to Know About Plug Power</h2>
Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
<h3>Key Indicators: Plug Power's Financial Health</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Plug Power's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2024, the company experienced a revenue decline of approximately -13.81%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Plug Power's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -697.46%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Plug Power's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -56.07%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -32.07%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Plug Power's debt-to-equity ratio is below the industry average at 0.62, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Plug Power: 12 Analysts Share Their Views

UBS analyst Manav Gupta maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Neutral and lowers the price target from $2.5 to $1.75.

UBS Maintains Neutral on Plug Power, Lowers Price Target to $1.75

Financial giants have made a conspicuous bearish move on Plug Power. Our analysis of options history for Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) revealed 10 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $336,480, and 2 were calls, valued at $84,892.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1.5 and $2.0 for Plug Power, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Plug Power stands at 1935.5, with a total volume reaching 41,487.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Plug Power, situated within the strike price corridor from $1.5 to $2.0, throughout the last 30 days.
<h3>Plug Power 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742497287_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLUG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$0.17</td>
<td>$0.16</td>
<td>$0.17</td>
<td>$1.50</td>
<td>$55.1K</td>
<td>948</td>
<td>3.3K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$1.06</td>
<td>$1.04</td>
<td>$1.06</td>
<td>$2.00</td>
<td>$42.4K</td>
<td>2.9K</td>
<td>840</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$1.05</td>
<td>$1.04</td>
<td>$1.05</td>
<td>$2.00</td>
<td>$42.0K</td>
<td>2.9K</td>
<td>3.2K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$1.05</td>
<td>$1.04</td>
<td>$1.05</td>
<td>$2.00</td>
<td>$42.0K</td>
<td>2.9K</td>
<td>2.4K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$1.05</td>
<td>$1.04</td>
<td>$1.05</td>
<td>$2.00</td>
<td>$42.0K</td>
<td>2.9K</td>
<td>3.6K</td>
</tr>
</tbody>
</table>

<h3>About Plug Power</h3>
Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
Following our analysis of the options activities associated with Plug Power, we pivot to a closer look at the company's own performance.
<h3>Where Is Plug Power Standing Right Now?</h3>
<ul>
<li>With a volume of 51,020,523, the price of PLUG is up 1.27% at $1.6. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 49 days.</li>
</ul>
<h3>What Analysts Are Saying About Plug Power</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $1.78.
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&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Underweight rating on Plug Power with a target price of $1. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Underweight rating on Plug Power, which currently sits at a price target of $1. 
&#x2A; An analyst from BMO Capital persists with their Underperform rating on Plug Power, maintaining a target price of $1. 
&#x2A; An analyst from B. Riley Securities has decided to maintain their Buy rating on Plug Power, which currently sits at a price target of $3. 
&#x2A; An analyst from Susquehanna has decided to maintain their Neutral rating on Plug Power, which currently sits at a price target of $1. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Plug Power, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in Plug Power

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading<a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener"> higher on Thursday.</a>
The firm announced that its CEO, Andy Marsh, will accept 50% of his annual salary in the form of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44413110/plug-ceo-andy-marsh-reinforces-commitment-to-company-mission-by-taking-50-of-compensation-in-plug-" rel="noreferrer noopener">company stock for the year</a>.
This decision highlights Marsh&#8217;s confidence in Plug Power&#8217;s strategy and future potential within the growing hydrogen economy.
Recently, Plug Power&nbsp;rolled out a new compensation program for its executives, with eligible leaders can opt to receive up to&nbsp;<a target="_blank" href="https://www.benzinga.com//node/44042800" rel="noreferrer noopener">75%&nbsp;of their pay in company stock.</a>
As of 2024, the company&#8217;s unrestricted <a target="_blank" href="https://www.benzinga.com/25/03/44103584/plug-stock-drops-as-hydrogen-leader-struggles-with-margins-initiates-cost-reduction-plan" rel="noreferrer noopener">cash stood at over $200 million</a>. While reporting fourth-quarter results, the company said that it expects cash burn in 2025 to continue to improve significantly.
&#8220;Our mission is to pioneer the hydrogen economy for present and future generations,&#8221; said Marsh.
&#8220;Aligning my compensation with our company&#8217;s outlook, both short and long term, is a demonstration of my confidence in our vision, our team, and the value we are creating for our stakeholders,&#8221; the CEO added.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44416730/factset-surpasses-q2-earnings-estimates-issues-upbeat-fy25-revenue-outlook-amid-client-growth" rel="noreferrer noopener">FactSet Surpasses Q2 Earnings Estimates, Raises FY25 Revenue Outlook Amid Client Growth</a>
The company remains focused on executing its strategic objectives, aiming to scale its hydrogen solutions and contribute to a sustainable energy future.
Plug Power also continues to provide updates on its key initiatives throughout the year.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost 55% in the past year. Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
In other news, Plug Power recently priced an underwritten registered offering, raising approximately $280 million in gross proceeds.
The offering includes 46.5 million shares of common stock and pre-funded warrants to purchase up to 139 million shares, totaling 185.4 million common stock equivalents.
The common stock shares and warrants are priced at $1.51, while the pre-funded warrants are priced at $1.509 with an exercise price of $0.001 per share.
Price Action: PLUG shares are trading higher by 2.22% to $1.615 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44402479/branchouts-partnership-with-microdried-expected-to-boost-annual-sales-by-at-least-5-million" target="_blank" rel="noreferrer noopener">BranchOut&#8217;s Partnership With MicroDried Expected To Boost Annual Sales By At Least $5 Million: Details</a></li>
</ul>
Photo via Shutterstock.

What's Going On With Plug Power Stock Today?

The company will continue to provide updates on key initiatives throughout the remainder of the year.

Plug Power Says CEO Andy Marsh Has Committed To Accept 50% Of His Annual Salary In The Form Of Company Stock This Year

On Wednesday, Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) announced the pricing of its underwritten registered offering, which includes 46.5 million shares of common stock and pre-funded warrants to purchase approximately 139 million shares, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44397534/plug-power-inc-announces-pricing-of-upsized-280-million-underwritten-offering" rel="noreferrer noopener">totaling 185.4 million common stock equivalents.</a>
The common stock equivalents will be accompanied by a total of 185.4 million warrants. The gross proceeds from this offering are expected to be about $280 million, before deducting underwriting fees and other expenses.
Each common stock share and accompanying warrant are being sold at a combined price of $1.51, while pre-funded warrants are priced at $1.509 with an exercise price of $0.001 per share.
The warrants have an exercise price of $2.00 per share and will become exercisable six months after issuance. Plug Power intends to use the net proceeds for working capital and general corporate purposes.
Also Read: <a target="_blank" href="http://benzinga.com/analyst-ratings/analyst-color/25/03/44399554/analysts-see-upside-for-95-of-sp-500-stocks-how-nvidia-tesla-stack-up" rel="noreferrer noopener">Analysts See Upside For 95% Of S&amp;P 500 Stocks: How Nvidia, Tesla Stack Up</a>
CEO Andy Marsh expressed that the funding would strengthen the company's financial position and help drive profitability in 2025.
The funds will support the company's initiatives to optimize operations, improve cash flow, and focus on sustainable growth. The offering is expected to close on or about March 20, 2025, subject to customary closing conditions.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost over 50% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
Recently, the company reported fourth-quarter revenue of&nbsp;$191.5 million, missing&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst&nbsp;estimates&nbsp;of&nbsp;$263.2 million</a>.
The company reached a pivotal milestone in electrolyzer deployments, expanded its hydrogen network, and enhanced the utilization of its manufacturing facilities.
Price Action: PLUG shares are trading lower by 0.93% to $1.605 at last check Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/25/03/44401134/hutchmeds-oncology-revenue-hits-271-5-million-rising-65-on-fruzaqla-strength" target="_blank" rel="noreferrer noopener">Hutchmed&#8217;s Oncology Revenue Hits $271.5 Million, Rising 65% On Fruzaqla Strength</a></li>
</ul>
Photo via Shutterstock.

Offerings

ETF Series Solutions Defiance Next Gen H2 ETF

HDRO

Press Releases

Plug to Present at the 2025 J.P. Morgan Industrials Conference

Financing

Southwire Taps Plug Power, Inc. to Advance Carbon Reduction from the Supply Chain

Plug Power Inc. Announces Pricing of Upsized $280 Million Underwritten Offering

Plug CEO, Andy Marsh, Reinforces Commitment to Company Mission by Taking 50% of Compensation in PLUG Stock for 2025

Plug to Participate in UBS Global Energy Conference

Energy Vault Achieves Successful Close of $28 million in Project Financing for the Calistoga Resiliency Center, the World's First Ultra-Long Duration Hybrid Green Hydrogen Energy Storage Microgrid serving California's PG&E

Toyota Material Handling Europe and Plug Power, supply partners of STEF, to bring cutting-edge hydrogen forklift and hydrogen fuel cell solutions to two of its cold storage distribution centers, in France and Spain

Hidrogenii, a Plug and Olin Joint Venture, Commissions 15 Ton Per Day Hydrogen Liquefaction Plant in Louisiana

Commodities

Hidrogenii, an Olin and Plug Joint Venture, Commissions 15 Ton Per Day Hydrogen Liquefaction Plant in Louisiana

Plug Power Signs $525 Million Secured Credit Facility with Yorkville Advisors and Reports Strong Preliminary Q1 2025 Results

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