Plug Power, Inc. (NASDAQ:PLUG) Receives Average Recommendation of “Hold” from Analysts

Plug Power, Inc. (NASDAQ:PLUG) has been assigned an average rating of “Hold” from the seventeen analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $2.7346.

Several equities analysts have commented on PLUG shares. Susquehanna decreased their target price on shares of Plug Power from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Monday, November 17th. Clear Str upgraded shares of Plug Power from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Wall Street Zen downgraded shares of Plug Power from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Canaccord Genuity Group set a $7.00 target price on Plug Power in a research note on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Plug Power in a report on Thursday, January 22nd.

Plug Power Stock Up 3.8%

Shares of NASDAQ PLUG opened at $1.89 on Monday. The stock has a market capitalization of $2.63 billion, a P/E ratio of -0.80 and a beta of 1.87. The stock’s fifty day moving average is $2.19 and its 200 day moving average is $2.24. Plug Power has a 52 week low of $0.69 and a 52 week high of $4.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.70 and a current ratio of 1.32.

Key Stories Impacting Plug Power

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

• Positive Sentiment: Shareholders approved an increase in the company’s authorized share count, a vote that was widely reported as avoiding a reverse split and appears to have removed an immediate governance/structural overhang that some investors feared. Plug Power Stock Edges Higher As Shareholders Approve Share Increase, Avoid Reverse Split
• Neutral Sentiment: Coverage highlights ongoing strategic initiatives in green hydrogen and governance topics that could matter for long‑term value if execution improves, but these reports contain no new deal or financial disclosure likely to change near‑term fundamentals. Plug Power Inc. (PLUG): Strategic Moves in Green Hydrogen and Governance
• Neutral Sentiment: Analyst/market‑attention writeups (e.g., Zacks) note heightened investor interest; useful for context but not an immediate catalyst. Plug Power, Inc. (PLUG) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Multiple law firms have filed or are soliciting lead‑plaintiff appointments in securities‑fraud actions against Plug Power covering the period Jan 17, 2025–Nov 13, 2025; those notices and the April 3, 2026 lead‑plaintiff deadline increase legal uncertainty and potential liability. Example: Pomerantz filed a class action. Pomerantz Law Firm Announces the Filing of a Class Action Against Plug Power Inc. and Certain Officers – PLUG
• Negative Sentiment: Numerous other firms (Rosen, Schall, BFA, Kirby McInerney, Levi & Korsinsky, Robbins, Portnoy, Bernstein Liebhard, Glancy Prongay Wolke & Rotter, Gross, etc.) are circulating notices and reminders about the same class period and April 3 deadline, amplifying headline flow and investor concern about management and disclosure practices. ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG
• Negative Sentiment: Reporting notes the company has experienced executive turnover (CEO exit referenced) alongside the lawsuits, which raises governance concerns and keeps near‑term investor sentiment pressured. Plug Power Lawsuits And CEO Exit Refocus Attention On Hydrogen Plans

Insider Activity

In other news, insider Benjamin Haycraft sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $2.17, for a total value of $86,800.00. Following the sale, the insider directly owned 333,809 shares in the company, valued at approximately $724,365.53. This trade represents a 10.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jose Luis Crespo acquired 37,300 shares of the 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 completion of the transaction, the insider owned 307,332 shares in the company, valued at $719,156.88. This represents a 13.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Plug Power

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kovack Advisors Inc. acquired a new position in shares of Plug Power during the third quarter worth $26,000. Yousif Capital Management LLC bought a new stake in Plug Power during the 3rd quarter worth $27,000. Prakash Investment Advisors LLC bought a new stake in Plug Power during the 3rd quarter worth $27,000. Prime Capital Investment Advisors LLC acquired a new position in Plug Power in the 3rd quarter worth about $30,000. Finally, Oak Thistle LLC bought a new position in Plug Power in the third quarter valued at about $30,000. Institutional investors own 43.48% of the company’s stock.

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.