オプションチェーンは、Plug Powerの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Plug Powerの市場センチメントを評価します。.

Plug Power (NASDAQ:PLUG) 株価情報, オプションチェーン

PLUG POWER INC

Plug Power

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.

Plug Power Inc

Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) stock was extremely volatile last month, marked by <a href="https://www.benzinga.com/pressreleases/25/03/g44096388/plug-power-announces-continued-cash-flow-improvement-and-progress-on-path-to-profitability">disappointing earnings</a>, strategic cost-cutting measures and a significant capital raise to bolster the company&#8217;s financial position.
What To Know: The hydrogen fuel cell company announced in March that it <a href="https://www.benzinga.com/25/03/44103584/plug-stock-drops-as-hydrogen-leader-struggles-with-margins-initiates-cost-reduction-plan">missed analyst expectations</a> for the fourth quarter of 2024, reporting $191.5 million in revenue versus the projected $263.2 million, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Despite a 583% year-over-year increase in electrolyzer revenue, the company posted a gross margin loss of 122% and recorded $971.3 million in non-cash impairment charges.&nbsp;
To address these challenges, Plug launched <a href="https://www.benzinga.com/25/03/44103584/plug-stock-drops-as-hydrogen-leader-struggles-with-margins-initiates-cost-reduction-plan">&#8220;Project Quantum Leap,&#8221;</a> aiming to cut annual expenses by $150 million to $200 million through workforce reductions, facility consolidations, and discretionary spending cuts. That was enough for investors as the stock sold off and has continued to trend lower since.
J.P. Morgan analyst Bill Peterson reiterated a Neutral rating following the quarter, noting that while Plug could see <a href="https://www.benzinga.com/25/03/44147221/plug-powers-cautious-climb-analyst-highlights-growth-amid-funding-delays">moderate growth in 2025</a> through increased electrolyzer deployments and material handling demand, its financial outlook remains uncertain. 
The company also lowered its full-year revenue guidance to a range of $700 million to $800 million, down from prior expectations of $850 million to $950 million.
On March 19, Plug announced a <a href="https://www.benzinga.com/news/offerings/25/03/44401708/whats-going-on-with-plug-power-stock-today-8">$280 million capital raise</a> through a stock and warrant offering, a move CEO Andy Marsh said would improve liquidity and position the company for long-term profitability. 
Marsh further signaled confidence by opting to receive <a href="https://www.benzinga.com/25/03/44417764/whats-going-on-with-plug-power-stock-today">50% of his salary</a> in company stock, reinforcing management's commitment to Plug's future. Despite the positive reinforcement, shares continued to move lower, closing out March at the lows for the month.
<h2 class="wp-block-heading">How To Buy PLUG Stock</h2>
By now you're likely curious about how to participate in the market for Plug Power &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Plug Power, which is trading at $1.31 as of publishing time, $100 would buy you 76.92 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
PLUG Price Action: According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, Plug has a 52-week high of $4.88 and a 52-week low of $1.26. Plug shares have fallen approximately 13% over the trailing month and are down 26.7% since March 7. The stock was hovering around $1.31 at the time of publication Wednesday.

News

PLUG

Plug Power Stock Plagued By Earnings Miss, Cost Cuts, $280M Capital Raise In March

HC Wainwright &amp; Co. analyst Amit Dayal reiterates Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Buy and maintains $3 price target.

Price Target

Reiteration

Analyst Ratings

HC Wainwright & Co. Reiterates Buy on Plug Power, Maintains $3 Price Target

Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) has been analyzed by 12 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">3</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Plug Power, revealing an average target of $1.91, a high estimate of $3.00, and a low estimate of $1.00. Experiencing a 24.21% decline, the current average is now lower than the previous average price target of $2.52. 
<img src="https://www.benzinga.com/files/images/story/2025/1742846444_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Plug Power. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Amit Dayal</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$3.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Manav Gupta</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$1.75</td>
<td>$2.50</td>
</tr>
<tr>
<td>Arthur Sitbon</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$1.60</td>
<td>$1.75</td>
</tr>
<tr>
<td>George Gianarikas</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$1.25</td>
<td>$2.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$1.50</td>
<td>$2.00</td>
</tr>
<tr>
<td>Ryan Pfingst</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$1.10</td>
<td>$1.40</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$1.80</td>
<td>$2.50</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$1.40</td>
<td>$1.60</td>
</tr>
<tr>
<td>Amit Dayal</td>
<td>HC Wainwright &amp; Co.</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Tom Curran</td>
<td>Seaport Global</td>
<td>Announces</td>
<td>Sell</td>
<td>$1.00</td>
<td>-</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$2.50</td>
<td>$2.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Plug Power. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Plug Power compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Plug Power's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Plug Power's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PLUG/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Plug Power analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">you can start by tracking it here</a>.
<h2>All You Need to Know About Plug Power</h2>
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.
<h3>Key Indicators: Plug Power's Financial Health</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Plug Power's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2024, the company experienced a revenue decline of approximately -13.81%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Plug Power's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -697.46%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Plug Power's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -56.07%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -32.07%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Plug Power's debt-to-equity ratio is below the industry average at 0.62, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Plug Power: 12 Analysts Share Their Views

UBS analyst Manav Gupta maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Neutral and lowers the price target from $2.5 to $1.75.

UBS Maintains Neutral on Plug Power, Lowers Price Target to $1.75

Financial giants have made a conspicuous bearish move on Plug Power. Our analysis of options history for Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) revealed 10 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $336,480, and 2 were calls, valued at $84,892.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1.5 and $2.0 for Plug Power, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Plug Power stands at 1935.5, with a total volume reaching 41,487.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Plug Power, situated within the strike price corridor from $1.5 to $2.0, throughout the last 30 days.
<h3>Plug Power 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742497287_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLUG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$0.17</td>
<td>$0.16</td>
<td>$0.17</td>
<td>$1.50</td>
<td>$55.1K</td>
<td>948</td>
<td>3.3K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$1.06</td>
<td>$1.04</td>
<td>$1.06</td>
<td>$2.00</td>
<td>$42.4K</td>
<td>2.9K</td>
<td>840</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$1.05</td>
<td>$1.04</td>
<td>$1.05</td>
<td>$2.00</td>
<td>$42.0K</td>
<td>2.9K</td>
<td>3.2K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$1.05</td>
<td>$1.04</td>
<td>$1.05</td>
<td>$2.00</td>
<td>$42.0K</td>
<td>2.9K</td>
<td>2.4K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$1.05</td>
<td>$1.04</td>
<td>$1.05</td>
<td>$2.00</td>
<td>$42.0K</td>
<td>2.9K</td>
<td>3.6K</td>
</tr>
</tbody>
</table>

<h3>About Plug Power</h3>
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.
Following our analysis of the options activities associated with Plug Power, we pivot to a closer look at the company's own performance.
<h3>Where Is Plug Power Standing Right Now?</h3>
<ul>
<li>With a volume of 51,020,523, the price of PLUG is up 1.27% at $1.6. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 49 days.</li>
</ul>
<h3>What Analysts Are Saying About Plug Power</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $1.78.
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&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Underweight rating on Plug Power with a target price of $1. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Underweight rating on Plug Power, which currently sits at a price target of $1. 
&#x2A; An analyst from BMO Capital persists with their Underperform rating on Plug Power, maintaining a target price of $1. 
&#x2A; An analyst from B. Riley Securities has decided to maintain their Buy rating on Plug Power, which currently sits at a price target of $3. 
&#x2A; An analyst from Susquehanna has decided to maintain their Neutral rating on Plug Power, which currently sits at a price target of $1. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Plug Power, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Unpacking the Latest Options Trading Trends in Plug Power

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading<a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener"> higher on Thursday.</a>
The firm announced that its CEO, Andy Marsh, will accept 50% of his annual salary in the form of <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44413110/plug-ceo-andy-marsh-reinforces-commitment-to-company-mission-by-taking-50-of-compensation-in-plug-" rel="noreferrer noopener">company stock for the year</a>.
This decision highlights Marsh&#8217;s confidence in Plug Power&#8217;s strategy and future potential within the growing hydrogen economy.
Recently, Plug Power&nbsp;rolled out a new compensation program for its executives, with eligible leaders can opt to receive up to&nbsp;<a target="_blank" href="https://www.benzinga.com//node/44042800" rel="noreferrer noopener">75%&nbsp;of their pay in company stock.</a>
As of 2024, the company&#8217;s unrestricted <a target="_blank" href="https://www.benzinga.com/25/03/44103584/plug-stock-drops-as-hydrogen-leader-struggles-with-margins-initiates-cost-reduction-plan" rel="noreferrer noopener">cash stood at over $200 million</a>. While reporting fourth-quarter results, the company said that it expects cash burn in 2025 to continue to improve significantly.
&#8220;Our mission is to pioneer the hydrogen economy for present and future generations,&#8221; said Marsh.
&#8220;Aligning my compensation with our company&#8217;s outlook, both short and long term, is a demonstration of my confidence in our vision, our team, and the value we are creating for our stakeholders,&#8221; the CEO added.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44416730/factset-surpasses-q2-earnings-estimates-issues-upbeat-fy25-revenue-outlook-amid-client-growth" rel="noreferrer noopener">FactSet Surpasses Q2 Earnings Estimates, Raises FY25 Revenue Outlook Amid Client Growth</a>
The company remains focused on executing its strategic objectives, aiming to scale its hydrogen solutions and contribute to a sustainable energy future.
Plug Power also continues to provide updates on its key initiatives throughout the year.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost 55% in the past year. Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
In other news, Plug Power recently priced an underwritten registered offering, raising approximately $280 million in gross proceeds.
The offering includes 46.5 million shares of common stock and pre-funded warrants to purchase up to 139 million shares, totaling 185.4 million common stock equivalents.
The common stock shares and warrants are priced at $1.51, while the pre-funded warrants are priced at $1.509 with an exercise price of $0.001 per share.
Price Action: PLUG shares are trading higher by 2.22% to $1.615 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44402479/branchouts-partnership-with-microdried-expected-to-boost-annual-sales-by-at-least-5-million" target="_blank" rel="noreferrer noopener">BranchOut&#8217;s Partnership With MicroDried Expected To Boost Annual Sales By At Least $5 Million: Details</a></li>
</ul>
Photo via Shutterstock.

Equities

Movers

General

HYDR

What's Going On With Plug Power Stock Today?

The company will continue to provide updates on key initiatives throughout the remainder of the year.

Plug Power Says CEO Andy Marsh Has Committed To Accept 50% Of His Annual Salary In The Form Of Company Stock This Year

On Wednesday, Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) announced the pricing of its underwritten registered offering, which includes 46.5 million shares of common stock and pre-funded warrants to purchase approximately 139 million shares, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44397534/plug-power-inc-announces-pricing-of-upsized-280-million-underwritten-offering" rel="noreferrer noopener">totaling 185.4 million common stock equivalents.</a>
The common stock equivalents will be accompanied by a total of 185.4 million warrants. The gross proceeds from this offering are expected to be about $280 million, before deducting underwriting fees and other expenses.
Each common stock share and accompanying warrant are being sold at a combined price of $1.51, while pre-funded warrants are priced at $1.509 with an exercise price of $0.001 per share.
The warrants have an exercise price of $2.00 per share and will become exercisable six months after issuance. Plug Power intends to use the net proceeds for working capital and general corporate purposes.
Also Read: <a target="_blank" href="http://benzinga.com/analyst-ratings/analyst-color/25/03/44399554/analysts-see-upside-for-95-of-sp-500-stocks-how-nvidia-tesla-stack-up" rel="noreferrer noopener">Analysts See Upside For 95% Of S&amp;P 500 Stocks: How Nvidia, Tesla Stack Up</a>
CEO Andy Marsh expressed that the funding would strengthen the company's financial position and help drive profitability in 2025.
The funds will support the company's initiatives to optimize operations, improve cash flow, and focus on sustainable growth. The offering is expected to close on or about March 20, 2025, subject to customary closing conditions.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost over 50% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
Recently, the company reported fourth-quarter revenue of&nbsp;$191.5 million, missing&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst&nbsp;estimates&nbsp;of&nbsp;$263.2 million</a>.
The company reached a pivotal milestone in electrolyzer deployments, expanded its hydrogen network, and enhanced the utilization of its manufacturing facilities.
Price Action: PLUG shares are trading lower by 0.93% to $1.605 at last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/general/biotech/25/03/44401134/hutchmeds-oncology-revenue-hits-271-5-million-rising-65-on-fruzaqla-strength" target="_blank" rel="noreferrer noopener">Hutchmed&#8217;s Oncology Revenue Hits $271.5 Million, Rising 65% On Fruzaqla Strength</a></li>
</ul>
Photo via Shutterstock.

Offerings

ETF Series Solutions Defiance Next Gen H2 ETF

HDRO

Trading Ideas

Plug Power Option Alert: Jan 16 $5 Calls Sweep (39) Near The Ask: 6168 @ $0.11 Vs 51556 Oi; Earnings 5/8 Before Open [est] Ref=$1.645

Plug Power Prices $280M Underwritten Offering Of 45.5M Shares And Pre-Funded Warrants At $1.51/Share And Accompanying Warrant

Plug Power Files For Offering Of Shares Of Common Stock, Pre-Funded Warrants To Purchase Shares Of Common Stock; Size Not Disclosed

Southwire Company, LLC., the leading North American manufacturer of wire and cable, will tap Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), a global leader in hydrogen solutions for the green hydrogen economy, to implement a green hydrogen ecosystem at its new distribution site in Dallas-Fort Worth, Texas.
This initiative marks Plug's entry into the industrial supplier market, building on its established presence in the e-commerce and retail sectors. Through this partnership with Southwire, Plug is expanding its reach by demonstrating the versatility and appeal of its green hydrogen solutions in new markets.
Under the recently signed agreement, Plug will supply more than 50 hydrogen-powered forklifts, equipped with GenDrive fuel cells, and a fueling station featuring four GenFuel dispensers. Plug will also source hydrogen from one of its production facilities in Georgia, Tennessee or Louisiana. Additionally, Plug will provide on-site service for the fuel cells for an initial five-year period and maintain the hydrogen infrastructure for 10 years.
Aiming to accelerate carbon reduction goals from the supply chain, Southwire has embedded sustainability into the strategy and its business practices. The company's commitment to sustainability encompasses promoting energy and water efficiency, reducing greenhouse gas emissions, sourcing and redesigning with sustainable materials and enhancing circular economy. The Plug solution is expected to displace over 1 million pounds of CO2 per year from our direct operations.

Contracts

Southwire Taps Plug Power To Advance Carbon Reduction From The Supply Chain; Plug Will Supply More Than 50 Hydrogen-Powered Forklifts, Equipped With GenDrive Fuel Cells, And A Fueling Station Featuring Four GenFuel Dispensers, Will Also Source Hydrogen From One Of Its Production Facilities In Georgia, Tennessee Or Louisiana; Will Provide On-Site Service For The Fuel Cells For An Initial 5-Year Period And Maintain The Hydrogen Infrastructure For 10-Years

J.P. Morgan analyst Bill Peterson shared key takeaways from the conference hosted for Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), <a target="_blank" href="https://www.benzinga.com/quote/PLUG/analyst-ratings" rel="noreferrer noopener">with a Neutral rating.</a>
The analyst writes that the discussions mainly centered on the demand outlook across its three key verticals, cost-saving initiatives, and the financial roadmap for the year.
Although not a central topic, there are signs of potential support from the new administration for Plug&#8217;s Texas DOE loan. Meanwhile, the timeline for the first loan disbursement, if approved, remains unclear, adds the analyst.
The analyst notes that Plug recently lowered its full-year revenue guidance to ~$700 million-$800 million from the previous $850 million-$950 million, citing macro headwinds and policy uncertainty.
Peterson expects Electrolyzers to be the top revenue driver in 2025, with growth weighted toward the second half due to commissioning timelines—potentially mirroring 2024&#8217;s ~60% growth, though he remain conservative.
Earlier this month, Plug Power disclosed that it expects Project Quantum Leap to reduce annual expenses in the range of <a target="_blank" href="https://www.benzinga.com/25/03/44103584/plug-stock-drops-as-hydrogen-leader-struggles-with-margins-initiates-cost-reduction-plan" rel="noreferrer noopener">$150 million to $200 million</a>.
The analyst says that if the company&#8217;s plan works as expected, the fourth quarter could potentially be a strong breakeven quarter, driven by increased revenue and cost savings, though he still expects this to be much further in the future.
Yesterday, the company got a contract from Southwire, a North American manufacturer of wire and cable, to implement a clean hydrogen ecosystem at their new&nbsp;<a target="_blank" href="https://www.benzinga.com/25/03/44303579/plug-power-to-power-southwires-texas-facility-with-hydrogen-forklifts-cutting-1m-pounds-of-co2-annually" rel="noreferrer noopener">distribution site in Dallas-Fort Worth, Texas</a>.
Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
Price Action: PLUG shares are up 1.52% at $1.675 at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44324509/palantirs-warp-speed-gains-momentum-six-new-customers-onboard" target="_blank" rel="noreferrer noopener">Palantir&#8217;s Warp Speed Gains Momentum: Six New Customers Onboard</a></li>
</ul>

Analyst Color

Large Cap

Plug Power's 2025 Bet On Electrolyzers—J.P. Morgan Sees Growth But Stays Conservative

On Thursday, Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) got a contract from Southwire, a North American manufacturer of wire and cable, to implement a clean hydrogen ecosystem at their new <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44299508/southwire-taps-plug-power-inc-to-advance-carbon-reduction-from-the-supply-chain" rel="noreferrer noopener">distribution site in Dallas-Fort Worth, Texas</a>.
As part of the agreement, Plug will deliver over 50 hydrogen-powered forklifts with GenDrive fuel cells, along with a fueling station featuring four GenFuel dispensers.
Hydrogen will be sourced from its facilities in Georgia, Tennessee, or Louisiana. Plug will also provide on-site fuel cell service for five years and maintain the hydrogen infrastructure for a decade.
Plug's solution is projected to eliminate over 1 million pounds of CO2 emissions annually from Southwire&#8217;s direct operations.
This initiative marks Plug's expansion into the industrial supplier market, building on its strong foothold in e-commerce and retail.
Plug CEO Andy Marsh said, &#8220;The deployment of our hydrogen and fuel cell solutions at Southwire reflects our laser-focused commitment to our core markets and a return to the fundamentals that have driven our success.&#8221;&nbsp;
This month, the company reported&nbsp;fourth-quarter revenue of&nbsp;$191.5 million, missing&nbsp;analyst&nbsp;estimates&nbsp;of&nbsp;$263.2 million, and recorded $971.3 million in non-cash charges for asset impairments and bad debt provisions in the fourth quarter on strategic shifts <a target="_blank" href="https://www.benzinga.com/25/03/44103584/plug-stock-drops-as-hydrogen-leader-struggles-with-margins-initiates-cost-reduction-plan" rel="noreferrer noopener">and market demand pushouts</a>.
Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
Price Action: PLUG shares are up 2.53% at $1.702 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44147221/plug-powers-cautious-climb-analyst-highlights-growth-amid-funding-delays" target="_blank" rel="noreferrer noopener">J.P. Morgan Remains On The Sidelines For Plug Power &#8211; Here&#8217;s Why</a></li>
</ul>
Photo via Shutterstock.

Small Cap

Plug Power To Power Southwire's Texas Facility With Hydrogen Forklifts, Cutting 1M+ Pounds Of CO2 Annually

Southwire, a leading North American manufacturer of wire and cable, will tap Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), a global leader in hydrogen solutions for the hydrogen economy, to implement a clean hydrogen ecosystem at its new distribution site in Dallas-Fort Worth, Texas.
This initiative marks Plug's entry into the industrial supplier market, building on its established presence in the e-commerce and retail sectors. Through this partnership with Southwire, Plug is expanding its reach by demonstrating the versatility and appeal of its green hydrogen solutions in new markets.
Under the recently signed agreement, Plug will supply more than 50 hydrogen-powered forklifts, equipped with GenDrive fuel cells, and a fueling station featuring four GenFuel dispensers. Plug will also source hydrogen from one of its production facilities in Georgia, Tennessee or Louisiana. Additionally, Plug will provide on-site service for the fuel cells for an initial five-year period and maintain the hydrogen infrastructure for 10 years.

Southwire Partners With Plug Power To Implement Clean Hydrogen Ecosystem At New Distribution Site, Introduces Over 50 Hydrogen-Powered Forklifts And Fueling Station In Texas; Plug Expands Into Industrial Suppliers, Agreement Includes 5-Year Fuel Cell Service And 10-Year Infrastructure Maintenance

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Shares of companies within the broader industrial sector are trading higher amid ongoing volatility, possibly related to tariff delays.

Ratings for Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) were provided by 10 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Plug Power, revealing an average target of $1.81, a high estimate of $3.00, and a low estimate of $1.00. This current average has decreased by 26.72% from the previous average price target of $2.47. 
<img src="https://www.benzinga.com/files/images/story/2025/1741287748_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of Plug Power by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Arthur Sitbon</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$1.60</td>
<td>$1.75</td>
</tr>
<tr>
<td>George Gianarikas</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$1.25</td>
<td>$2.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$1.50</td>
<td>$2.00</td>
</tr>
<tr>
<td>Ryan Pfingst</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$1.10</td>
<td>$1.40</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$1.80</td>
<td>$2.50</td>
</tr>
<tr>
<td>Ameet Thakkar</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$1.40</td>
<td>$1.60</td>
</tr>
<tr>
<td>Amit Dayal</td>
<td>HC Wainwright &amp; Co.</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Tom Curran</td>
<td>Seaport Global</td>
<td>Announces</td>
<td>Sell</td>
<td>$1.00</td>
<td>-</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$2.50</td>
<td>$2.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Plug Power. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Plug Power compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Plug Power's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PLUG/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Plug Power analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">you can start by tracking it here</a>.
<h2>Get to Know Plug Power Better</h2>
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.
<h3>Financial Milestones: Plug Power's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Plug Power's revenue growth over 3 months faced difficulties. As of 31 December, 2024, the company experienced a decline of approximately -13.81%. This indicates a decrease in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Plug Power's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -697.46%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Plug Power's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -56.07%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Plug Power's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -32.07%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.62.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

10 Analysts Assess Plug Power: What You Need To Know

Morgan Stanley analyst Arthur Sitbon maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Underweight and lowers the price target from $1.75 to $1.6.

Morgan Stanley Maintains Underweight on Plug Power, Lowers Price Target to $1.6

Canaccord Genuity analyst George Gianarikas maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Hold and lowers the price target from $2 to $1.25.

Canaccord Genuity Maintains Hold on Plug Power, Lowers Price Target to $1.25

Management

Press Releases

Plug Power Adopts Executive Compensation Program to Strengthen Leadership Alignment with Shareholders

Earnings

Plug Power Announces Continued Cash Flow Improvement and Progress on Path to Profitability

Plug to Participate in Jefferies Power, Utilities & Clean Energy Conference

Plug to Present at the 2025 J.P. Morgan Industrials Conference

Financing

Southwire Taps Plug Power, Inc. to Advance Carbon Reduction from the Supply Chain

Plug Power Inc. Announces Pricing of Upsized $280 Million Underwritten Offering

Plug CEO, Andy Marsh, Reinforces Commitment to Company Mission by Taking 50% of Compensation in PLUG Stock for 2025

Plug to Participate in UBS Global Energy Conference

Energy Vault Achieves Successful Close of $28 million in Project Financing for the Calistoga Resiliency Center, the World's First Ultra-Long Duration Hybrid Green Hydrogen Energy Storage Microgrid serving California's PG&E

Toyota Material Handling Europe and Plug Power, supply partners of STEF, to bring cutting-edge hydrogen forklift and hydrogen fuel cell solutions to two of its cold storage distribution centers, in France and Spain

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