On the other hand, Plug Power has a track record of quarterly EPS misses. Plus, the average price target for PLUG stock is $25.50, which indicates strong upside potential. Out of 21 analysts, 16 gave Plug Power a “buy” rating and no “sell” ratings were observed. Indeed, Plug Power’s well-heeled investors include famous names like Vanguard and BlackRock (NYSE: BLK).įurthermore, Wall Street’s experts generally favor Plug Power. Still, the current Plug Power share price of around $10 seems too cheap, so there’s an opportunity here.Įven though many financial traders gave up on Plug Power, Samuel O’Brient reported that some big-money investors are staying in the trade. I’ll be the first to admit that $60 was too high, too soon.

PLUG stock peaked at around $30 last year and, prior to that, traded above $60 per share. InvestorPlace - Stock Market News, Stock Advice & Trading Tips PLUG Stock Investors Will Have to Forgive Poor Financials Instead, consider how much shareholder value the company could provide through 2030. Therefore, don’t over-focus on Plug Power’s progress in 2023.

Really, Plug Power’s loyal shareholders are willing to accept imperfections today, in anticipation of potential returns down the road. As we’ll discover, the company doesn’t check all of the boxes for folks who insist on picture-perfect financials. To be honest, it requires faith and vision to confidently invest in Plug Power. Are investors missing out on a great opportunity? I’d say so, as Plug Power’s gigantic green hydrogen production facility could prove to be a major revenue generator.

Interestingly, Plug Power (NASDAQ: PLUG) is generally favored by Wall Street’s experts even while PLUG stock can’t seem to get off the ground.

Plug power stock price prediction 2021