Plug Power (PLUG)

• Market cap: $803M
• 1 day: -3.25%
• 5 days: -0.77%
• 1 month: -25.92%
• 3 months: -55.38%
• 6 months: -60.14%
• Year to date: -66.30%
• 1 year: -77.17%
• 5 years: -80.66%
• 10 years: -70.14%
• Sector: Industrials
• Industry: Electrical Equipment & Parts

About: 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.

Employees: 3,224

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

31% more first-time investments, than exits

New positions opened: 84 | Existing positions closed: 64

22% more capital invested

Capital invested by funds: $804M [Q3] → $981M (+$177M) [Q4]

18% more call options, than puts

Call options by funds: $60.3M | Put options by funds: $51.2M

10.19% more ownership

Funds ownership: 40.23% [Q3] → 50.41% (+10.19%) [Q4]

3% more funds holding

Funds holding: 432 [Q3] → 447 (+15) [Q4]

6% more repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 119

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $0.75 4% downside
• Avg. target: $1.55 97% upside
• High target: $3 282% upside

11 analyst ratings

• positive: 2 18%
• neutral: 5 45%
• negative: 4 36%

Piper Sandler Kashy Harrison 40% 1-year accuracy 17 / 43 met price target	2% upside $0.80	Underweight Maintained	14 May 2025
Wells Fargo Michael Blum 55% 1-year accuracy 18 / 33 met price target	27% upside $1	Equal-Weight Maintained	14 May 2025
Canaccord Genuity George Gianarikas 30% 1-year accuracy 16 / 54 met price target	27% upside $1	Hold Maintained	13 May 2025
Susquehanna Biju Perincheril 38% 1-year accuracy 23 / 61 met price target	59% upside $1.25	Neutral Maintained	14 Apr 2025
Seaport Global Tom Curran 33% 1-year accuracy 2 / 6 met price target	5% downside $0.75	Sell Maintained	8 Apr 2025