Plug Power (PLUG) Price Target Raised Following Better-than-Expected Q1

Plug Power Inc. (NASDAQ:PLUG) is simply a planetary person successful hydrogen fuel-supply solutions and successful hydrogen applications for worldly handling, powerfulness generation, and e-mobility.

On May 12, B. Riley boosted its terms people connected Plug Power Inc. (NASDAQ:PLUG) from $4 to $5, portion maintaining a ‘Buy’ standing connected the shares. The revised people reflects an upside of much than 27% from the existent levels.

The determination comes aft Plug Power Inc. (NASDAQ:PLUG)’s gross comfortably bushed Wall Street estimates successful its Q1 2026 study connected May 11. Gross borderline besides improved substantially YoY, expanding from -55% to -13%, supported by the cost-cutting measures nether the company’s “Project Quantum Leap” initiative.

Moreover, Plug Power Inc. (NASDAQ:PLUG) is forecasting a 13% to 15% income maturation for full-year 2026, portion the borderline complaint is besides expected to proceed to amended sequentially. The institution besides hinted toward affirmative EBITDAS successful Q4, supported by the stronger second-half seasonality, tighter operational discipline, and expected proceeds from planned plus monetization.

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