Weekly Investment Analysts’ Ratings Changes for Plug Power (PLUG)

Several analysts have recently updated their ratings and price targets for Plug Power (NASDAQ: PLUG):

• 3/3/2026 – Plug Power had its “market perform” rating reaffirmed by Oppenheimer Holdings, Inc..
• 3/3/2026 – Plug Power had its “neutral” rating reaffirmed by BTIG Research.
• 3/3/2026 – Plug Power had its “underperform” rating reaffirmed by BMO Capital Markets. They now have a $1.00 price target on the stock.
• 3/3/2026 – Plug Power had its “buy” rating reaffirmed by HC Wainwright. They now have a $7.00 price target on the stock.
• 1/22/2026 – Plug Power had its “sell (d-)” rating reaffirmed by Weiss Ratings.
• 1/9/2026 – Plug Power was downgraded by TD Cowen from “buy” to “hold”.
• 1/9/2026 – Plug Power was downgraded by TD Cowen from “buy” to “hold”. They now have a $2.00 price target on the stock, down from $4.00.

Insider Buying and Selling at Plug Power

In other Plug Power news, insider Benjamin Haycraft sold 40,000 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $2.17, for a total transaction of $86,800.00. Following the sale, the insider directly owned 333,809 shares in the company, valued at $724,365.53. This represents a 10.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jose Luis Crespo bought 37,300 shares of Plug Power stock in a transaction on Monday, December 15th. The stock was acquired at an average cost of $2.34 per share, for a total transaction of $87,282.00. Following the acquisition, the insider owned 307,332 shares in the company, valued at approximately $719,156.88. This represents 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.

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.