Clear Street has upgraded Plug Power Inc (PLUG) to a Buy rating from Hold as of December 30, 2025. The current share price stands at $2.02, with a market capitalisation of $2.8 billion.
This upgrade reflects a more optimistic outlook on the company’s prospects, suggesting potential improvements in its fundamentals or business performance. Plug Power, headquartered in Slingerlands, New York, focuses on alternative energy technology, particularly hydrogen and fuel cell systems for material handling and stationary power markets. The firm develops electrolyzers that enable clients, including refineries and commercial refueling stations, to generate hydrogen on-site.
Analyst ratings are informed by research and financial models, providing a professional perspective on a company's potential. However, such assessments are based on assumptions that may not always materialise. Investors should consider a range of factors, including company fundamentals and industry trends, alongside analyst opinions when making decisions.
As of December 1, 2025, the analyst consensus for Plug Power includes 2 Strong Buy, 9 Buy, 15 Hold, 4 Sell, and 1 Strong Sell ratings, indicating a general consensus of Hold. Recent earnings performance has shown variability, with the latest results for Q3 2025 reporting an EPS of $-0.12 against an estimate of $-0.13, reflecting a 4.8% surprise. Upcoming earnings are scheduled for August 10, 2026, with an EPS estimate of $-0.08 and revenue anticipated at $195.4 million.