![]() ![]() !! *Stock price forecasts are predicted by Deep Learning processes by technical analysis, shouldn't been used for investment decision. This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.ġ year Plug Power price prediction Plug Power Price prediction day by day Calendar date This means that if you invested $100 now, your current investment may be worth 231.058$ on 2024 December 22, Sunday. These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks.įuture price of the stock is predicted at 10.224319925786$ ( 131.058% ) after a year according to our prediction system. ![]() Our site uses a custom algorithm based on Deep Learning that helps our users to decide if PLUG could be a good portfolio addition. In the long term, the stock’s outlook will depend on the overall uptake of hydrogen energy as well as how the company is able to capitalize on it. Plug Power stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. stock forecastĪs of 2023 December 22, Friday current price of PLUG stock is 4.425$ and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception). “We expect management to work through all of these issues successfully, but believe shares will likely be challenged until working capital normalizes, turns positive, and trajectory on growth is derisked,” Rusch added.īasically, Rusch and RBC’s Dendrinos still believe in the company, they just can’t keep recommending investors own the stock until promise become reality.Įven with their downgrades, and the dismal performance of the stock, most of Wall Street remained bullish.1 year Plug Power Forecast: 10.224319925786 *ĥ year Plug Power Forecast: 70.269 * About the Plug Power, Inc. “While we believe Plug has numerous options for augmenting its balance sheet and will reduce working capital, the compounding effect of lack of hydrogen availability on equipment sell-through may take a couple of quarters to work through,” Rusch wrote. Oppenheimer analyst Colin Rusch, who had been bullish on Plug’s stock for at least the past three years, cut his rating to perform. The company reported late Thursday a wider-than-expected third-quarter loss and revenue that missed forecasts, citing “unprecedented supply challenges.” That marked the 13th straight quarter that losses were wider than Wall Street projected, according to FactSet. The stock was also headed for the worst one-day performance since the 41.5% plunge on March 11, 2014. Plug’s stock was rocked for a 37.4% loss in premarket trading, to put them on track to open at the lowest price seen during regular-session hours since April 2020. The price target was slashed to $5 from $12. The Zacks Consensus Estimate has changed -13.9 over the. In this video, Motley Fool contributors Jason Hall and Tyler Crowe give their answer to whether investors should buy. To sector perform, after being at outperform for at least the past two years. For the current quarter, Plug Power is expected to post a loss of 0.26 per share, indicating a change of +13.3 from the year-ago quarter. Plug Power ( PLUG 2.00) says it can 17x its revenue by 2030 on this trend. “However, at this time we think it prudent to move to the sidelines and await execution of these events and until we see more material progress on initiatives to reduce the cash burn and improve margins.”ĭendrinos cut this rating on Plug’s stock On May 9, Plug Power reported 49 year-over-year growth in its first-quarter revenue, but revised its outlook for 2023 with a revenue projection of 1.2 billion to 1.4 billion. The average price target represents a 142.48 change from the last price of 4.03. The average price target is 9.76 with a high forecast of 32.00 and a low forecast of 3.00. “Management expressed confidence in executing a liquidity transaction near-term and continues to see a path for margin improvement through next year,” RBC Capital analyst Chris Dendrinos wrote in a note to clients. (142.48 Upside) Based on 24 Wall Street analysts offering 12 month price targets for Plug Power in the last 3 months.
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