Plug Power: Jefferies Raises PT to $1.6 from $0.9, Maintains Hold Rating

Plug Power: Jefferies Raises PT to $1.6 from $0.9, Maintains Hold Rating

Plug Power Inc. (NASDAQ:PLUG) has seen its target price raised by Jefferies Financial Group from $0.90 to $1.60, while maintaining a "hold" rating on the stock [3]. This adjustment reflects a significant increase in the brokerage's valuation of the company, indicating a more optimistic outlook on its future performance.

The update from Jefferies comes amidst a period of mixed analyst sentiment surrounding Plug Power. While several analysts have maintained a neutral or bearish stance on the stock, others have expressed bullish sentiments, with varying target prices ranging from $0.50 to $3.00 [3]. Despite the mixed views, Plug Power has shown resilience, with its stock price experiencing a notable upturn on July 2, 2025, rising by 8.55% to $1.65 [2].

The company's strong financial performance in Q1, with revenue reaching $134 million and a notable $10 million material handling business order, has contributed to the positive sentiment [2]. Additionally, Plug Power's Quantum Leap program, aimed at cost reduction, and its strategic initiatives, such as collaborations with Toyota Material Handling Europe, have further bolstered its prospects [2].

However, Plug Power still faces challenges, including a volatile stock price and negative net margin and return on equity [1]. The company's ability to navigate these challenges and capitalize on its strategic initiatives will be key to fulfilling the optimistic outlook expressed by Jefferies.

References:
[1] https://www.marketbeat.com/instant-alerts/plug-power-nasdaqplug-stock-price-expected-to-rise-susquehanna-analyst-says-2025-07-21/
[2] https://www.ainvest.com/news/plug-power-plug-experiences-moderate-bullish-sentiment-13-gain-strong-revenue-growth-2507/
[3] https://www.benzinga.com/insights/analyst-ratings/25/07/46528280/expert-outlook-plug-power-through-the-eyes-of-6-analysts