Plug Power (NASDAQ:PLUG) 株価情報

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

Stocks recovered on Friday, with all three major indexes in the green, as the tech sector bounced back from Thursday's losses with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) up 1.37% and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/trading-ideas/technicals/25/02/44043021/tesla-the-only-magnificent-seven-stock-in-freefall-can-it-reverse-course">rising 2.71%.&nbsp;</a>
PCE data released before<a href="https://www.benzinga.com/news/econ-s/25/02/44041803/federal-reserves-preferred-inflation-gauge-marks-first-slowdown-in-4-months"> the opening bell</a> also provided some relief to investors as the price index marked its first decline in four months. Data from the CME FedWatch Tool shows the data reinforced bets for approximately two quarter-point cuts to the Fed funds rate in 2025. 
Read More: <a href="https://www.benzinga.com/news/econ-s/25/02/44041803/federal-reserves-preferred-inflation-gauge-marks-first-slowdown-in-4-months">Federal Reserve&#8217;s Preferred Inflation Gauge Marks First Slowdown In 4 Months (UPDATED)</a>
The yield on the 10-year U.S. Treasury note was down to 4.25% on Friday, after falling more than 15bps this week to its lowest level in over two months. Personal spending unexpectedly slipped in January while income soared, and tariff concerns continued to weigh against prospective future growth. 
The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rose 0.31%.&nbsp;
Cryptocurrencies continued to sell off Friday as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/44048486/bitcoins-24-correction-mostly-technical-say-experts">sharp decline</a> in investor sentiment gripped the market after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell below $79,000 late Thursday, down 24% from its January peak of $109,590.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>&nbsp;$2.14</td>
<td>$124.3 billion</td>
<td>-2.6%&nbsp;</td>
<td>-17.9%&nbsp;</td>
</tr>
<tr>
<td>Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$83,826.89</td>
<td>$1.7 trillion</td>
<td>-2.1%&nbsp;</td>
<td>-14.1%&nbsp;</td>
</tr>
<tr>
<td>Ethereum&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$2,216.48</td>
<td>$267.4 billion</td>
<td>-4.7%</td>
<td>-18.2%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
<h1 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,635.47</td>
<td>0.48%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,887.77</td>
<td>0.45%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,455.42</td>
<td>0.50%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,152.96</td>
<td>0.62%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.49% to $587.94. &nbsp;</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) climbed 0.58% to $434.87. </li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was up 0.65% to $503.50.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.61% to $213.70.&nbsp;</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) was up 0.9% to $214.35.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 0.5% to $90.06.&nbsp;&nbsp;</li>
</ul>
Friday's Stock Movers:&nbsp;
Shares of vaccine-maker Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) climbed on heavy volume Friday after the company reported smaller fourth-quarter losses and announced a shift in corporate strategy away from its COVID-19 vaccine. 
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)&nbsp;</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>)&nbsp;</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>)&nbsp;</li>
<li>Duolingo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NYSE">DUOL</a>)&nbsp;</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>)&nbsp;</li>
<li>Archer Aviation Inc. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>)&nbsp;</li>
<li>Talen Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>)&nbsp;</li>
<li>Clover Health Investments, Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>)&nbsp;</li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>)&nbsp;</li>
</ul>
Companies reporting earnings on Monday include: 
<ul>
<li>Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) </li>
<li>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>)</li>
<li>Hut 8 Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>)</li>
<li>Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>)</li>
<li>GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>)</li>
<li>NuScale Power Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) </li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) </li>
<li>Emergent BioSolutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) </li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>)</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/02/44015237/pending-home-sales-crash-to-record-low-jobless-claims-soar-wall-street-reacts">Pending Home Sales Crash To Record Low, Jobless Claims Soar: Wall Street Reacts</a></li>
</ul>
Image: Shutterstock

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$BTC

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DUOL

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Nvidia, Tesla Lead Tech Stock Rebound: What's Driving Markets Friday?

Hydrogen solutions provider Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) has rolled out a new compensation program for its executives.
Under this plan, eligible leaders can opt to receive up to 75% of their pay in company stock.
The objective of this initiative is to align the leadership&#8217;s goals with the long-term value of shareholders.
The plan gives executives the option to select the proportion of their compensation in stock, choosing from 25%, 50%, or 75%.
This applies to both base salaries and, in certain instances, cash bonuses. The program will be implemented during the upcoming open trading window and will remain in place until the conclusion of the fiscal year.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/02/44018649/spacex-rocket-launches-intuitive-machines-athena-lander-details" rel="noreferrer noopener">SpaceX Rocket Launches Intuitive Machines&#8217; Athena Lander: Details</a>
&#8220;As Plug continues to execute on its strategy, this program reinforces our leadership&#8217;s confidence in the company&#8217;s future and commitment to driving sustainable growth,&#8221; said CEO Andy Marsh.
&#8220;Any of us that choose to opt into this program will have an increased equity stake, and be further aligned with the investors and stakeholders who believe in our long-term vision.&#8221;
In January, Seaport Global analyst Tom Curran <a target="_blank" href="https://www.benzinga.com/25/01/43243414/plug-power-analyst-downgrade-cites-weak-north-american-and-eu-hydrogen-outlook" rel="noreferrer noopener">downgraded the rating from Neutral to Sell</a>, flagging low post-FID activity and overall pipeline skewed excessively towards supply.
Plug Power will report fourth-quarter&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43936213/plug-to-announce-2024-fourth-quarter-and-year-end-results" rel="noreferrer noopener">results on Monday, March 3, 2025.</a>
Price Action: PLUG shares are trading lower by 2.45% at $1.59 in premarket at last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/25/02/44001522/beyond-meat-slashes-jobs-and-suspends-china-operations-amid-mixed-q4-results-stock-falls" target="_blank" rel="noreferrer noopener">Beyond Meat Slashes Jobs And Suspends China Operations Amid Mixed Q4 Results</a></li>
</ul>
Photo via Shutterstock.

Plug Power's High-Stakes Move: Executives Can Take Up To 75% Of Pay In Company Stock

This initiative underscores the company's commitment to aligning leadership interests with long-term shareholder value.
Under the program, eligible executives may elect to receive 25%, 50%, or 75% of their compensation in Plug stock, with the option applying to base salary and, in some cases, cash bonuses. The program will take effect at the next open trading window and remain in place through the end of the fiscal year.

Plug Power Reveals Adoption Of Executive Compensation Program That Enables Eligible Executives To Receive Up To 75% Of Compensation In  Form Of Stock

Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has corrected its upcoming Q4-Year End earnings call to March 4, 2025.

Earnings

Events

Plug Power Corrects Date For Q4-Year End 2024 Earnings Call To March 4, 2025

On Tuesday, Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) confirmed that its new 15-ton-per-day hydrogen plant in St. Gabriel, Louisiana, is on track <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43936662/plug-powers-louisiana-hydrogen-plant-set-for-first-quarter-operations-with-robust-safety-standards" rel="noreferrer noopener">for its first-quarter operations</a>.
The facility, a joint venture between Plug Power and Olin Corporation, uses Olin&#8217;s by-product hydrogen from chlorine production and will be a key addition to Plug&#8217;s expanding North American hydrogen network.
The project is progressing steadily with a strong focus on safety, having achieved over 412,000 safe working hours with zero recordable injuries.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/02/43941987/why-wah-fu-education-group-wafu-stock-is-surging" rel="noreferrer noopener">Why Wah Fu Education Group Stock Is Surging</a>
Plug Power CEO Andy Marsh highlighted the team&#8217;s success in completing high-risk tasks without incidents, thanks to rigorous safety standards.
The plant is currently undergoing a critical dry-out process to remove moisture and impurities from the piping, vessels, and mechanical systems, ensuring high-purity hydrogen production.
Once operational, the plant will boost Plug Power&#8217;s total hydrogen production capacity to 39 TPD, supporting growing demand from major partners like Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
With operations slated to begin in the first quarter, the St. Gabriel plant will strengthen Plug Power&#8217;s position as a leader in vertically integrated hydrogen solutions, providing more sustainable and reliable energy alternatives.
Plug Power will report fourth-quarter <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43936213/plug-to-announce-2024-fourth-quarter-and-year-end-results" rel="noreferrer noopener">results on Monday, March 3, 2025.</a>
Price Action: PLUG shares are trading lower by 0.31% to $1.585 at the last check on Tuesday.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/02/43937535/home-depot-lifts-annual-dividend-after-strong-q4-but-soft-2025-outlook-weighs-on-stock" target="_blank" rel="noreferrer noopener">Home Depot Lifts Annual Dividend After Strong Q4, But Soft 2025 Outlook Weighs On Stock</a></li>
</ul>
Photo courtesy of Plug Power

AMZN

What's Going On With Plug Power Stock On Tuesday?

Plug Power's Louisiana Hydrogen Plant Enters Final Commissioning Phase And Ready For Q1 Operations

WIIM

BLNK

CHPT

Shares of EV charging stocks are trading lower after President Trump reportedly suspended a national EV charging program.

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading higher in the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43490345/plug-launches-industrys-first-spot-pricing-for-green-hydrogen" rel="noreferrer noopener">premarket session on Wednesday</a>.
The firm is making waves in the green hydrogen industry with the introduction of its first-ever spot pricing program for liquid green hydrogen.
This move enhances the flexibility of the hydrogen market, allowing buyers to purchase hydrogen on-demand without the constraints of long-term take-or-pay agreements.
This pricing model enables customers, including industrial manufacturers, retailers, and power plant operators, to adjust their hydrogen sources based on fluctuating energy demands.
The initiative has already attracted key players in the industry, including one of the largest industrial gas companies, signaling broad support for the new approach.
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 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>).
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43491527/amd-shares-stumbles-8-in-wednesday-pre-market-whats-going-on" rel="noreferrer noopener">AMD Stock Falls 8% In Wednesday Pre-Market: What&#8217;s Going On?</a>
Plug Power&#8217;s CEO, Andy Marsh, emphasized that this spot pricing program is a testament to the company&#8217;s customer-centric approach and its commitment to accelerating the adoption of green hydrogen.
&#8220;By adapting to market demands in real-time, we are not only enhancing the accessibility and affordability of green hydrogen but also accelerating its adoption across various sectors,&#8221; Marsh said.
The program, which includes Plug&#8217;s production plants in Woodbine, Georgia, Charleston, Tennessee, and St. Gabriel, Louisiana, with a combined liquid hydrogen production capacity of 45 tons per day, is designed to create a more dynamic and transparent market.
S&amp;P Global Platts will publish the hydrogen price weekly based on current supply and demand.
The company said it anticipates that in five years, most buyers will prefer the flexibility of the spot market, driving further growth in the green hydrogen sector.
Price Action: PLUG shares are trading higher by 1.06% to $1.971 premarket at last check Wednesday.
SEE ALSO:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43376506/intel-will-be-fighting-for-every-socket-in-the-data-center-business-says-co-ceo-michelle-holthaus-as-competition-from-amd-nvidia-heats-up" target="_blank" rel="noreferrer noopener">Intel ‘Will Be Fighting For Every Socket' In The Data Center Business, Says Co-CEO Michelle Holthaus As Competition From AMD, Nvidia Heats Up</a></li>
</ul>
Photo via Shutterstock.

HYDR

What's Going On With Plug Power Stock Today?

Hydrogen buyers now have the freedom to purchase liquid green hydrogen from Plug's production plants on-demand and without the limitations of long-term take-or-pay agreements.&nbsp;

Plug Power Introduces Spot Pricing Program For Liquid Green Hydrogen; Enters Into Spot Pricing Agreements With Several Industry Players

Plug Power's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NYSE">PLUG</a>) short percent of float has risen 16.39% since its last report. The company recently reported that it has 238.46 million shares sold short, which is 26.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.94 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Plug Power Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738162968_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Plug Power has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Plug Power's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Plug Power's peer group average for short interest as a percentage of float is 9.70%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Plug Power's Recent Short Interest

Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading lower on Monday. Seaport Global analyst Tom Curran downgraded the rating from Neutral to Sell and <a href="https://www.benzinga.com/quote/PLUG/analyst-ratings" target="_blank" rel="noreferrer noopener">announced a price forecast of $1</a>.
In the September update on the clean hydrogen sector, the analyst flagged two issues: low post-FID activity and overall pipeline skewed excessively towards supply.
Since then, news from North America and Europe, PLUG&#8217;s two main markets and accounts for 93% of 2024 revenue, has been negative, says the analyst.
Also Read: <a href="https://www.benzinga.com//node/43242360">Jensen Huang Mania Mirrors Taylor Swift: People Are Camping Outside Retailers For Nvidia 5000 Series GPUs</a>
In particular, in the U.S., President Trump&#8217;s &#8220;Unleashing American Energy&#8221; executive order has prompted a 90-day review of the DOE&#8217;s H2Hubs program, leaving much of the $8 billion in grants unallocated and putting funding at risk, writes the analyst.
Moreover, Curran says that Agency for the Cooperation of Energy Regulators (ACER) warned the EU may miss its 2030 strategic goal of 20Mt of renewable H2 consumption and projects face risks from uncertainties of future H2 demand and increased costs.
Additionally, Germany&#8217;s Vice Chancellor abandoned the Power Plant Security Act, after the coalition collapse, which might have backed the construction of 12.5GW of mainly H2-ready gas-fired plants, adds the analyst.
The analyst says that, on the energy front, PLUG&#8217;s North American hydrogen generation capacity will remain limited to 40TPD until Texas comes online in the second half of 2026, resulting in the company continuing to source an additional 25TPD externally.
In applications, PLUG appears to be narrowing its focus to material handling and stationary power, with plans to end its HYVIA joint venture.
Consequently, Curran lowered the estimates, now forecasting 2023A-26E top line CAGR of just 7%, with negative gross margins until the second quarter of 2026.
Today, the company disclosed that it enhanced its liquidity by approximately $30 million on January 24, 2025, by transferring the Federal Investment Tax Credit (ITC) to a major investor with a proven <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g43223832/plug-power-boosts-liquidity-with-30-million-federal-investment-tax-credit-transfer" rel="noreferrer noopener">history of acquiring similar credits</a>.
This ITC transfer marks Plug&#8217;s first use of the transferability provisions under the Inflation Reduction Act (IRA) of 2022 and is one of the first transactions involving hydrogen storage and liquefaction assets.
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>) and 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 down 7.21% at $1.93 at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43063743/plug-powers-longer-term-backstop-is-here-but-execution-is-key" target="_blank" rel="noreferrer noopener">Plug Power&#8217;s &#8216;Longer-Term Backstop&#8217; Is Here, But Execution Is Key: Analyst</a></li>
</ul>
Photo via Shutterstock.

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Downgrades

Financing

Price Target

Analyst Ratings

ETF Series Solutions Defiance Next Gen H2 ETF

HDRO

Plug Power's Outlook Dims, Analyst Downgrades Stock On Hydrogen Policy Risks And Limited Capacity Growth

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Seaport Global analyst Tom Curran downgraded the rating for Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) from Neutral to Sell and announced a $1 price target. Plug Power shares closed at $2.08 on Friday. <a href="https://www.benzinga.com/quote/PLUG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Ryan Macwilliams downgraded RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Overweight to Equal-Weight and lowered the price target from $45 to $37. RingCentral shares closed at $34.65 on Friday. <a href="https://www.benzinga.com/quote/RNG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Terence Flynn downgraded the rating for Intellia Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>) from Overweight to Equal-Weight and lowered the price target from $56 to $11. Intellia Therapeutics shares closed at $10.99 on Friday. <a href="https://www.benzinga.com/quote/NTLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Andrew Andersen downgraded RLI Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) from Buy to Underperform and lowered the price target from $95 to $61. RLI shares closed at $72.48 on Friday. <a href="https://www.benzinga.com/quote/RLI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Nicholas Campanella downgraded Public Service Enterprise Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>) from Overweight to Equal-Weight. Public Service Enterprise shares closed at $88.05 on Friday. <a href="https://www.benzinga.com/quote/PEG/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying RNG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="573" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27080704/image-205-1024x573.png" alt="" class="wp-image-751144" style="width:427px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27080704/image-205-1024x573.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27080704/image-205-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27080704/image-205-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27080704/image-205.png 1110w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Pre-Market Outlook

NTLA

This RingCentral Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

Seaport Global analyst Tom Curran downgrades Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) from Neutral to Sell and announces $1 price target.

Seaport Global Downgrades Plug Power to Sell, Announces $1 Price Target

The $30 million ITC transfer represents Plug's first use of the transferability rules under the Inflation Reduction Act (IRA) of 2022 and is among one of the first transfer deals for hydrogen storage and liquefaction assets.

Plug Power Boosts Liquidity By $30 Million Through Transfer Of  Federal Investment Tax Credit On January 24, 2025, To A Major Investor

When JPMorgan analyst Bill Peterson spoke about the <a href="https://www.benzinga.com/topic/clean-energy">clean energy space</a> for 2025, his focus was on EVgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) and Enovix Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) as top picks, citing their better positioning for growth and profitability despite looming policy challenges.
However, while those stocks stand out, what about ChargePoint Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) and Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>)? Are these other players in the clean energy field being unfairly overlooked? 
Let&#8217;s break it down.
<h2 class="wp-block-heading">EVgo: Powering Ahead With EV Charging</h2>
EVgo is being highlighted as a top pick due to its strong positioning in the electric vehicle (EV) charging infrastructure market. With a heavy reliance on public funding to help EV adoption and its extensive network of fast chargers, EVgo's growth is poised to accelerate. 
Despite policy uncertainties, Peterson believes EVgo's robust network and consistent earnings make it a standout for long-term growth.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43174889/nextera-energy-charging-into-q4-earnings-will-clean-energys-powerhouse-keep-its-momentum">NextEra Energy: Charging Into Q4 Earnings — Will Clean Energy&#8217;s Powerhouse Keep Its Momentum?</a>
<h2 class="wp-block-heading">Enovix: Capturing The EV Battery Revolution</h2>
Enovix, with its innovative battery technology, is another stock Peterson is bullish on. Enovix's next-generation lithium-ion batteries are expected to revolutionize the EV battery space, providing a much-needed solution to higher energy density and longer battery life for electric vehicles. 
As EV adoption increases, Enovix stands to benefit immensely from its cutting-edge technology, positioning it for significant market share growth.
<h2 class="wp-block-heading">ChargePoint: Under Pressure Amid Growth Slowdowns</h2>
ChargePoint, on the other hand, faces more significant challenges. Peterson's underweight rating stems from concerns about slowing growth in the EV charging market and its reliance on consumer behavior, specifically the willingness of drivers to adopt new chargers.
Additionally, with charging station installations possibly being slower due to evolving policy frameworks, ChargePoint may see a bumpy road ahead despite its strong infrastructure base.
<h2 class="wp-block-heading">Plug Power: Hydrogen&#8217;s Bumpy Ride</h2>
Plug Power, a leader in hydrogen fuel cell technology, has long been considered a potential game-changer in clean energy. However, Peterson's neutral rating reflects a more cautious outlook, as Plug Power is still dealing with a weak balance sheet and execution challenges. Even though hydrogen has bipartisan political support, Plug Power has yet to prove it can fully capitalize on the growing demand for clean hydrogen power. 
Without clearer paths to profitability and improved financial health, Plug Power might struggle to compete effectively against its rivals.
<h2 class="wp-block-heading">Final Verdict: EVgo, Enovix Lead The Charge</h2>
As we look ahead to 2025, EVgo and Enovix clearly have the edge according to JPMorgan's insights. While ChargePoint and Plug Power are still part of the conversation, their respective hurdles (slowing growth and execution risks) place them in a more precarious position. EVgo is benefiting from its solid charge point network, while Enovix holds the promise of transformative battery technology.
For investors looking at clean energy stocks for 2025, focusing on EVgo and Enovix may provide the best opportunities for growth. ChargePoint and Plug Power will need to overcome their respective challenges to become compelling buys in the future.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43063743/plug-powers-longer-term-backstop-is-here-but-execution-is-key">Plug Power&#8217;s &#8216;Longer-Term Backstop&#8217; Is Here, But Execution Is Key: Analyst</a></li>
</ul>

Long Ideas

ENVX

EVGO

EVgo, Enovix Shine, But What About ChargePoint, Plug Power? Clean Energy Analyst's Stock Picks For 2025

Shares of EV charging stocks are trading lower after President Trump revoked Biden's EV mandate.

Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) has locked in its much-anticipated $1.66 billion <a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/43042887/plug-power-stock-charges-higher-on-166b-department-of-energy-loan-the-details">Department of Energy loan</a>. JPMorgan analyst Bill Peterson believes that the move &#8220;likely eases investor concerns&#8221; about a potential cancellation under a second <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump administration</a>.
While this milestone provides a &#8220;longer-term backstop&#8221; for Plug's green hydrogen ambitions, Peterson cautions that strong execution remains the key challenge over the next few years.
Read More: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/43042887/plug-power-stock-charges-higher-on-166b-department-of-energy-loan-the-details">Plug Power Stock Charges Higher On $1.66B Department Of Energy Loan: The Details</a>
<h1 class="wp-block-heading">Texas Takes The Lead</h1>
Plug's Texas plant is expected to be the first in line for construction, with an anticipated 45 tons per day production capacity. 
Peterson highlights &#8220;Texas appears to be positioned well to produce lower-cost green hydrogen with limited capex burden.&#8221; He highlights looser 45V guidance, a favorable wind power purchase agreement, and Plug's own electrolyzers and liquefaction technology as key catalysts.
With some infrastructure already in place, construction is set to resume in the next couple of months. Plug is targeting its first drawdown from the loan within three months, which could serve as the next non-earnings catalyst for the stock. The company is also in talks with strategic investors, including international players, to bolster funding.
<h1 class="wp-block-heading">The Bigger Picture: Can Plug Deliver?</h1>
While the DOE loan is a positive development, Peterson notes &#8220;the broader green hydrogen ecosystem is still likely to ramp slowly.&#8221; 
He acknowledges supply and demand being in their infancy and heavily reliant on subsidies as key factors. Investors will now turn their attention to Plug's ability to improve margins, grow its customer base, and achieve positive cash flow.
&#8220;Execution will be key,&#8221; Peterson emphasizes, as the company navigates the challenges of scaling up in an emerging industry.
Shares reacted positively to the news, climbing 5% in after-hours trading. However, Peterson warns that volatility may persist. Some investors could still harbor concerns about a potential clawback of the loan, even if the probability is minimal.
Beyond Texas, Plug is eyeing an expansion of its Georgia plant, doubling its output from 15 to 30 tons per day. Future projects in Arizona, Nevada and the Midwest are also under consideration. However, Peterson believes securing sufficient offtake and cost-competitive production will be critical hurdles.
For Plug Power, securing funding was just one hurdle — the real test begins now.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42814331/hydrogens-green-light-moment-will-plug-power-up">Hydrogen&#8217;s Green Light Moment: Will PLUG Power Up?</a></li>
</ul>
Photo: Shutterstock

Emerging Markets

Plug Power's 'Longer-Term Backstop' Is Here, But Execution Is Key: Analyst

Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading higher in the after-hours session Thursday after the green hydrogen company announced a loan guarantee from the <a href="https://www.benzinga.com/pressreleases/25/01/g43041452/plug-closes-loan-guarantee-from-the-u-s-department-of-energy">U.S. Department of Energy (DOE)</a>.
What Happened: Plug Power said it&nbsp;closed on a&nbsp;$1.66 billion&nbsp;loan guarantee from the DOE&#8217;s&nbsp;Loan Programs Office&nbsp;(LPO) that will help finance the construction of up to six projects to produce and liquify zero- or low-carbon hydrogen at scale throughout the U.S.
&#8220;Finalizing this loan guarantee with the Department of Energy represents a significant step in the expansion of our domestic manufacturing and hydrogen production capabilities, which create many high-quality jobs throughout the U.S.,&#8221; said Andy Marsh, CEO of Plug Power.
&#8220;In addition to reducing carbon emissions and enhancing the resilience of the U.S. energy grid, we believe the hydrogen economy aligns closely with national security interests, ensuring that the U.S. remains at the forefront of energy technology development and deployment on a global scale.&#8221;
Plug noted in the press release that its current hydrogen generation network has a liquid hydrogen production capacity of approximately 45 tons per day.
Susquehanna analyst Biju Perincheril maintained Plug with a <a href="https://www.benzinga.com/analyst-stock-ratings">Neutral rating</a> on Thursday and raised the price target from&nbsp;$2&nbsp;to&nbsp;$2.50. 
PLUG Price Action: Plug Power shares were up 3.65% in after-hours, trading at $2.84 at the time of publication Thursday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/contracts/25/01/43002631/plug-power-lands-3-gw-electrolyzer-deal-for-agas-plant-in-australia-details">Plug Power Lands 3 GW Electrolyzer Deal For AGA&#8217;s Plant In Australia: Details</a></li>
</ul>
Photo: Courtesy of Plug Power.

Government

Contracts

After-Hours Center

Plug Power Stock Charges Higher On $1.66B Department Of Energy Loan: The Details

Ratings for Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) were provided by 9 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<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">1</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</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>
<tr>
<td>1M 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>
<tr>
<td>2M Ago</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>3M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Plug Power, revealing an average target of $4.46, a high estimate of $18.00, and a low estimate of $1.40. This current average has decreased by 28.75% from the previous average price target of $6.26. 
<img src="https://www.benzinga.com/files/images/story/2025/1737064836_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Plug Power among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$2.50</td>
<td>$2.00</td>
</tr>
<tr>
<td>Amit Dayal</td>
<td>HC Wainwright &amp; Co.</td>
<td>Lowers</td>
<td>Buy</td>
<td>$5.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>George Gianarikas</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$2.00</td>
<td>$2.25</td>
</tr>
<tr>
<td>Eric Stine</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Buy</td>
<td>$3.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$2.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$1.40</td>
<td>$1.60</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$4.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>George Gianarikas</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$2.25</td>
<td>$2.50</td>
</tr>
<tr>
<td>Amit Dayal</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Plug Power. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer 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>
To gain a panoramic view of Plug Power's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PLUG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Plug Power analyst ratings.</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 Insights: Plug Power</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could 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 30 September, 2024, the company experienced a revenue decline of approximately -12.57%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Plug Power's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -121.55%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Plug Power's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -7.02%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Plug Power's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -4.44%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Plug Power's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.31.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Plug Power Through 9 Analysts

The loan guarantee will help finance the construction of up to six projects to produce and liquify zero- or low-carbon hydrogen at scale throughout the United States. Plug's Graham, Texas, green hydrogen plant, the first to benefit from this financing, will create hundreds of high-quality jobs.

Plug Power Closes $1.66B Loan Guarantee From US Department Of Energy; Loan Guarantee Supports Company's Domestic Hydrogen Production Plant Buildout

Press Releases

Plug to Participate in Goldman Sachs Energy, CleanTech & Utilities Conference

Plug to Participate in UBS Global Energy & Utilities Conference

Plug Seals Monumental Deal with Allied Green Ammonia for a Mega 3 GW Electrolyzer System

Plug Closes Loan Guarantee from the U.S. Department of Energy

Plug Power Boosts Liquidity with $30 Million Federal Investment Tax Credit Transfer

Plug Launches Industry's First Spot Pricing for Green Hydrogen

Plug To Announce 2024 Fourth Quarter and Year-End Results

Plug Power's Louisiana Hydrogen Plant Set for First Quarter Operations with Robust Safety Standards

Plug Power Corrects Date for Fourth Quarter-Year End 2024 Earnings Call to March 4, 2025

Management

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

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