Recent Analysts’ Ratings Changes for Plug Power (PLUG)

Plug Power (NASDAQ: PLUG) has recently received a number of price target changes and ratings updates:

• 5/19/2026 – Plug Power had its price target raised by Wells Fargo & Company from $2.00 to $2.50. They now have an “equal weight” rating on the stock.
• 5/13/2026 – Plug Power had its price target raised by Susquehanna from $2.75 to $3.75. They now have a “neutral” rating on the stock.
• 5/12/2026 – Plug Power had its price target raised by B. Riley Financial, Inc. from $3.00 to $5.00. They now have a “buy” rating on the stock.
• 5/12/2026 – Plug Power had its price target raised by BMO Capital Markets from $1.00 to $1.20. They now have an “underperform” rating on the stock.
• 5/12/2026 – Plug Power had its price target raised by TD Cowen from $2.00 to $3.00. They now have a “hold” rating on the stock.
• 5/12/2026 – Plug Power had its price target raised by Canaccord Genuity Group Inc. from $2.50 to $4.00. They now have a “hold” rating on the stock.
• 4/21/2026 – Plug Power had its “sell (d-)” rating reaffirmed by Weiss Ratings.
• 4/9/2026 – Plug Power had its price target raised by Susquehanna from $2.50 to $2.75. They now have a “neutral” rating on the stock.

Plug Power Inc is a U.S.-based company specializing in the design and manufacture of hydrogen fuel cell systems that serve as clean energy replacements for conventional batteries in electric vehicles and material handling equipment. Its core solutions include ProGen fuel cell engines, GenDrive power systems for forklifts and warehouse vehicles, and GenFuel hydrogen refueling infrastructure. These offerings are sold as standalone components or integrated turnkey solutions under the GenKey brand, providing customers with on-site refueling, equipment installation and maintenance services.

In addition to its fuel cell and refueling products, Plug Power develops backup power and off-grid energy solutions through its GenSure line, which targets telecommunications, data centers and utility applications.