Key Takeaways:
- Plug Power's revenue fell short of expectations, contributing to a significant stock drop.
- Analysts' average price target suggests a potential upside of over 200%.
- GuruFocus estimates a substantial increase in stock value based on historical and projected performance.
Plug Power Inc. (NASDAQ: PLUG) has recently encountered challenges that have shaken investor confidence. The company reported a disappointing third-quarter performance, with revenues reaching $173.7 million—a decline of 12.6% year over year. This figure also lagged behind analyst expectations by 18.7%. The aftermath of these results has seen the stock price plummet by 54.7%, currently trading around $0.90. The company continues to face hurdles in aligning with revenue guidance and Power Purchase Agreements estimations.
Wall Street Analysts' Price Targets
Despite recent setbacks, Wall Street remains cautiously optimistic about Plug Power's future. According to the projections from 22 financial analysts, the average one-year price target for Plug Power Inc. stands at $2.52. This forecast includes a high estimate of $7.00 and a low estimate of $0.75. The average target indicates a potential upside of 217.40% from the current price of $0.79. For further insights, refer to the detailed analyst estimates on the Plug Power Inc (PLUG, Financial) Forecast page.
In terms of brokerage perspectives, 26 firms have given Plug Power an average recommendation rating of 3.0, which aligns with a "Hold" status. The recommendation scale varies from 1, representing a Strong Buy, to 5, suggesting a Sell.
Assessing the GF Value of Plug Power
Further analysis using GuruFocus' GF Value metric reveals that the estimated value for Plug Power in one year is $5.43. This suggests a remarkable potential upside of 585.04% from the current trading price of $0.79265. The GF Value is a calculated figure that reflects what the stock should trade at, taking into account historical price multiples, historical business growth, and the projected performance of the company. For comprehensive data, explore the Plug Power Inc (PLUG, Financial) Summary page.
