Plug Power’s Stock Tumbles Amid Analyst Downgrades

Plug Power ( (PLUG) ) has fallen by -14.22%. Read on to learn why.

Plug Power, a company specializing in hydrogen fuel cell technology, has experienced a significant drop in its stock price, falling by 14.22% over the past week. This decline comes amidst a series of analyst ratings and financial results that have not met expectations. Piper Sandler and Citi analysts have maintained a ‘Sell’ rating on the stock, with price targets significantly lower than the current trading price, reflecting a cautious outlook on the company’s near-term prospects.

The company’s recent financial report revealed a mixed performance, with a larger-than-expected earnings per share loss of -$0.21, although revenue slightly surpassed expectations at $133.70 million. Despite the revenue beat, the company’s operating margin remains deeply negative, and the stock has been under pressure as investors weigh these financial results against future growth prospects. Analysts have a consensus ‘Hold’ rating on Plug Power, but the stock’s current price suggests a potential upside if the company can improve its financial performance.

CEO Andy Marsh has emphasized the company’s focus and urgency in executing its strategy, citing partnerships like those with Walmart for powering forklifts as a sign of progress. However, the market remains cautious, with the stock trading below $1 and having declined 58% so far in 2025. Analysts predict a 22.8% revenue growth over the next year, but the path to profitability remains a key concern for investors looking at Plug Power’s future potential.