Plug Power (PLUG) Price Target Raised by Susquehanna to $1.80, Neutral Rating Maintained

Susquehanna analyst Biju Perincheril maintains a "Neutral" rating on Plug Power (PLUG) and raises the price target to $1.80, an 80% increase from the previous target of $1.00. The firm's forecast for the stock suggests potential growth but a stable overall stance. Analysts estimate an average target price of $2.24, a 13.81% upside from the current price of $1.97.

Plug Power (PLUG) shares experienced a significant upturn on July 2, 2025, rising by 8.55% to $1.65. This increase was accompanied by an average trading volume and a put/call ratio of 0.17. Analysts have forecasted an average target price of $2.24, indicating a potential 35.12% upside. The company reported strong financial performance in Q1, with revenue reaching $134 million and a notable $10 million material handling business order.

Susquehanna analyst Biju Perincheril raised his price target on Plug Power stock by 80% today, from $1 a share to $1.80. While the analyst maintained a "Neutral" rating, this substantial increase in the price target suggests optimism about the company's future prospects. The firm's forecast for the stock suggests potential growth but a stable overall stance.

The company's stock price has been volatile, touching a 52-week low of $1.08 in April 2025. Despite this, Plug Power has shown resilience and has been actively participating in industry events and securing funding. For instance, the company participated in the UBS Global Energy Conference and received a $1.66 billion funding from the Department of Energy.

The Quantum Leap program, aimed at cost reduction, is a key initiative for Plug Power. Additionally, the company has been expanding its partnerships and offerings, including the recent collaboration with Toyota Material Handling Europe to bring cutting-edge hydrogen forklifts to cold storage distribution centers.

Analysts remain optimistic about Plug Power's prospects, with H.C. Wainwright maintaining a Buy rating and a price target of $3.00. The company's strong financial performance and strategic initiatives suggest a promising outlook, despite the current market challenges.

References:
[1] https://www.ainvest.com/news/plug-power-plug-experiences-moderate-bullish-sentiment-13-gain-strong-revenue-growth-2507/
[2] https://www.mitrade.com/au/insights/news/live-news/article-8-974914-20250721
[3] https://www.theglobeandmail.com/investing/markets/stocks/NFLX-Q/pressreleases/33533377/did-plug-power-stock-deserve-today-s-price-pop/