Plug Power downgraded by Citigroup with a new price target
$PLUG
Industrial Machinery/Components
Energy
Citigroup downgraded Plug Power from Neutral to Sell and set a new price target of $2.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $1.00 | Neutral → Sell | Seaport Research Partners |
| 11/14/2024 | Buy → Neutral | BTIG Research | |
| 4/5/2024 | $2.00 | Neutral → Sell | Citigroup |
| 2/6/2024 | $4.75 | Buy → Neutral | UBS |
| 2/6/2024 | $4.50 | Neutral | Redburn Atlantic |
| 2/6/2024 | Buy → Neutral | Seaport Research Partners | |
| 1/31/2024 | $4.50 → $9.00 | Neutral → Buy | ROTH MKM |
| 1/24/2024 | $3.50 → $2.50 | Market Perform → Underperform | BMO Capital Markets |
$177 Million in Quarterly Revenue Continued Global Market Expansion and Operational Progress SLINGERLANDS, N.Y., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced its financial results and operational milestones for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Highlights For the third quarter 2025, revenue was $177 million, driven by continued strength in Plug's electrolyzer business, volume growth in hydrogen fuel sales and other businesses, and continued pricing enhancements. GenEco electrolyzer revenue totaled ~$65 million for the quarter, a 46% se
LATHAM, N.Y., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced that it expects to generate more than $275 million in liquidity improvement through a combination of asset monetization, release of restricted cash, and reduced maintenance expenses. As part of this initiative, Plug has signed a non-binding Letter of Intent to monetize its electricity rights in New York and one other location and collaborate with a U.S. data center developer. The project developer is actively expanding its data center platforms across the country, and Plug will work with them to explore providing auxil
SLINGERLANDS, N.Y., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced it has started installation of its 5 MW electrolyzer for the H2 Hollandia project, the first decentralized green hydrogen hub initiative currently under construction in the Netherlands. Developed by Novar and Avitec, the project links the 115-MWp Vloeivelden Hollandia solar park directly to a Plug electrolyzer system, establishing a new model and serving as a path for localized, small and midscale renewable hydrogen production. The electrolyzer at H2 Hollandia produces green hydrogen without placing any additiona
Seaport Research Partners downgraded Plug Power from Neutral to Sell and set a new price target of $1.00
BTIG Research downgraded Plug Power from Buy to Neutral
Citigroup downgraded Plug Power from Neutral to Sell and set a new price target of $2.00
4 - PLUG POWER INC (0001093691) (Issuer)
4 - PLUG POWER INC (0001093691) (Issuer)
4 - PLUG POWER INC (0001093691) (Issuer)
10-Q - PLUG POWER INC (0001093691) (Filer)
8-K - PLUG POWER INC (0001093691) (Filer)
8-K - PLUG POWER INC (0001093691) (Filer)
4 - PLUG POWER INC (0001093691) (Issuer)
4 - PLUG POWER INC (0001093691) (Issuer)
SLINGERLANDS, N.Y., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Plug Power (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, announces that CEO Andy Marsh will join U.S. Senator Bill Cassidy (R-LA) and national energy leaders today, Thursday, October 16, 2025, at the Louisiana Energy Security Summit, hosted by the American Council for Capital Formation (ACCF). Attendees are gathering to discuss how U.S. companies are strengthening energy independence and industrial competitiveness through clean hydrogen and domestic manufacturing. Marsh will participate in the panel "Cracking Down on China — Addressing Risks to American Energy and Supply Chain Security". T
SLINGERLANDS, N.Y., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in end-to-end hydrogen solutions for the hydrogen economy, today announces the appointment of Jose Luis Crespo as President, effective as of October 10, 2025, and as its new Chief Executive Officer, to be effective as of the date the company files its Annual Report on Form 10-K for the year ended December 31, 2025, expected March 2026. Mr. Crespo will succeed Mr. Andy Marsh as CEO. Mr. Marsh will continue to serve as CEO during the transition period and has been appointed Executive Chair of the Board, a position he will retain following March 2, 2026. In conjunction, George McNamee has bee
With the theme "Plug Doing Real Things," the event highlights how Plug is laying the groundwork for the next five years Plug targets ~30% CAGR for Energy and Applications businesses from 2025 to 2030 and appoints Sanjay Shrestha new President SLINGERLANDS, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in hydrogen solutions for the green hydrogen economy, is hosting its sixth annual Plug Symposium at the Company's Vista headquarters and manufacturing facility in Slingerlands, N.Y. With the theme "Plug Doing Real Things," this year's event underscores Plug's role in driving the global green hydrogen economy, showcasing its comprehensive
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$177 Million in Quarterly Revenue Continued Global Market Expansion and Operational Progress SLINGERLANDS, N.Y., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced its financial results and operational milestones for the third quarter ended September 30, 2025. Third Quarter 2025 Financial Highlights For the third quarter 2025, revenue was $177 million, driven by continued strength in Plug's electrolyzer business, volume growth in hydrogen fuel sales and other businesses, and continued pricing enhancements. GenEco electrolyzer revenue totaled ~$65 million for the quarter, a 46% se
• Execution on Project Quantum Leap helps accelerate business salesgrowth and financial performance• Q2 revenue up 21% year-over-year, driven by broad hydrogen demand LATHAM, N.Y., Aug. 11, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced its financial results and operational milestones for the second quarter ended June 30, 2025. Revenue Growth and Run Rate Momentum Plug reported $174 million in Q2 revenue, a 21% increase versus Q2 2024, driven by robust demand for its GenDrive fuel cells, GenFuel hydrogen infrastructure, and GenEco electrolyzer platforms.Electrolyzer revenue tripled
SLINGERLANDS, N.Y., May 12, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions, today announced its financial results and operational milestones for the first quarter ended March 31, 2025. The Company delivered improvements in cash flow and continued execution across its electrolyzer, hydrogen generation, and fuel cell businesses, while advancing its leadership in global decarbonization and U.S. energy security. First-Quarter Results Revenue: Plug reported revenue of $133.7 million for Q1 2025 versus $120.3 million in Q1 2024. Sales in Q1 2025 represent growing electrolyzer deliveries, continued demand in material handling,