Susquehanna has adjusted its price target for Plug Power (PLUG, Financial), lowering it to $1.25 from the previous $1.80. The firm maintains a Neutral rating on the company's shares as it updates its projections ahead of the first-quarter earnings for alternative energy companies.
The revision reflects the firm's cautious stance on the sector due to ongoing risks associated with tariffs and the potential repeal of Investment Tax Credits. In light of these uncertainties, Susquehanna expresses a preference for companies with substantial order backlogs and a strong presence in domestic manufacturing. Notable mentions include GE Vernova (GEV) and First Solar (FSLR), which are considered more resilient in the current market environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Plug Power Inc (PLUG, Financial) is $2.55 with a high estimate of $7.00 and a low estimate of $0.75. The average target implies an upside of 121.74% from the current price of $1.15. More detailed estimate data can be found on the Plug Power Inc (PLUG) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Plug Power Inc's (PLUG, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Plug Power Inc (PLUG, Financial) in one year is $5.47, suggesting a upside of 375.65% from the current price of $1.15. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Plug Power Inc (PLUG) Summary page.
