The Plug Power stock prediction for 2022, 2025, and 2030 will be discussed in this article. We'll also look at the company's financial position, recent fundamentals, and how it's planning for the future.
Plug Power, a joint venture between DTE Energy and Mechanical Technology Inc., was created in 1997. The firm went public in 1997 for $15 per share. The corporation is based in Latham, New York, with additional locations in Spokane, Washington, and Rochester, New York.
The company's principal business is creating hydrogen fuel cell devices to replace traditional batteries in electric equipment and cars. Even though the firm has a quarter-century of existence, its solutions have gained momentum in recent years, with many companies beginning to build electric cars.
However, the firm has failed to make a profit since its inception. Consequently, the company's activities have been funded entirely by its stockholders. On the other hand, investors are still waiting for the firm to make a breakthrough.
The firm has also made great strides in establishing itself as a hydrogen fuel cell distribution leader during the last several years. The business deployed the first ProGen Fuel cell engines for electric cars in 2017. In 2020, 125 KW, ProGen fuel cell engines, intended for electric delivery vehicles, including class 6, 7, and 8 trucks and heavy-duty offroad equipment, will be introduced.
Financial Reports with Plug Power
Plug power has struggled to make a profit since its inception. However, the company's financial status has improved in recent years, providing a ray of optimism. The corporation had a net loss of $459 million in 2021. Although the deficit was over half a billion dollars, it was a significant improvement over the company's loss of $596 million in the 2020 fiscal year.
According to the financial reports, the corporation also generated a revenue of $502 million, and this was a huge rise above their income of $306 million in 2020. The company's assets were $5.95 billion, with liabilities of $1.34 billion, according to the 2021 financial report. In addition, the firm had a debt-to-asset ratio of 22.59 percent, which is not terrible for a large corporation like Plug Power.
News about Plug Power
Plug Power is expected to be one of the firms to benefit from the present political unrest in Russia and Ukraine. The Russian invasion of Ukraine has already wreaked havoc on the oil and gas sector, causing prices to skyrocket. As consumers flee high petrol costs, this is expected to influence the electric car market. Furthermore, the switch is expected to surge demand for Plug Power's hydrogen fuel cells.
Webinar for free: 5 Tips For Surviving The Crypto Bear Market In 2022. Now is the time to register.
The clean energy movement, which aims to solve the present energy crisis, greenhouse gas emissions, and the overall environmental effect of non-renewable energy, has also become a major factor in developing electric vehicles. The trend is anticipated to drive up demand for Plug Power goods in the future years, and the stock price of Plug Power will most certainly climb due to this.
Plug Power is now trading at $26 per share. Today's trading session is also Plug Power's second day of gains on the markets. My Plug Power stock projection for 2022 is optimistic, even though the present rising trend may be a correction, and prices are expected to resume their long-term negative trend.
Today's prices are also 50% higher than the year's lows, which occurred on January 28. The rebound suggests that prices have turned around and that Plug Power has begun a long-term positive trend.
As seen in the daily chart below, I predict prices to trade inside the blue shaded band between now and the end of the year. I also estimate the Plug Power stock price to be somewhat higher than $46 by the end of the year. This is done by examining previous support and resistance levels, with the $46 price level serving as a long-term support level last tested on November 22, 2021.
Based on this study, I anticipate a 75 percent increase in the price of Plug Power stock between now and the end of the year. Although this figure may seem too optimistic, Plug Power stock has already shown its ability to reach significant price milestones within a year. For example, between October 6, 2021, and November 21, 2021, the stocks increased by 92 percent in value. This rise is evidence of the volatility character of Plug Power stocks, as seen by a price history study.
Forecasts in the Past
The price of Plug Power began at $28.23 in 2022. Plug Power is now trading at $16.45, a -42 percent fall from the start of the year. Plug Power is expected to be $28.90 by 2022, with a +2% year-over-year change. The increase from now through the end of the year is 76 percent. We anticipate $23.35 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $37.57 in the first half of 2023, then add $8.45 in the second half to finish the year at $46.02, a +180 percent increase over the present price.
2024-2028 Plug Power Stock Forecast
The price of Plug Power would climb by 88 percent over the next five years, from $46.02 to $86.70. Plug Power will begin 2024 at $46.02, rise to $48.90 in the first half of the year, and end at $54.61. That's a +232 percent increase from today's price.
2029-2033 Plug Power Stock Forecast
The Plug Power price would increase by 26%, from $86.70 to $109.21. Plug Power will begin 2029 at $86.70, rise to $88.53 in the first half of the year, and conclude at $90.43 at the end. It's almost 450 percent higher than it is now.
Price Predictions for Plug Power in 2022-2023
The price of Plug Power began at $28.23 in 2022, and plug Power is now trading at $15.03, a -47 percent fall from the start of the year. Plug Power is expected to cost $27.34 by 2022, with a -3 percent year-over-year fluctuation. The increase from now through the end of the year is +82 percent. We anticipate $22.09 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $35.54 in the first half of 2023, then rise another $8.00 in the second half to complete the year at $43.54, a +190 percent increase over the present price.
2024-2028 Plug Power Stock Forecast
The next five years would see an increase: The price of Plug Power would increase by 88 percent, from $43.54 to $82.04. Plug Power will begin 2024 at $43.54, rise to $46.27 in the first half of the year, and end at $51.68. That's a 244 percent increase from today's price.
2029-2033 Plug Power Stock Forecast
The Plug Power price would increase by 26%, from $82.04 to $103.37. Plug Power will begin 2029 at $82.04, then rise to $83.77 in the first half of the year before ending at $85.57. It is around +469 percent higher than it is now.
Price Predictions for Plug Power in 2022-2023
The price of Plug Power began at $28.23 in 2022. Plug Power is now trading at $19.41, a decline of -31% from the beginning of the year. Plug Power is expected to be $31.59 by 2022, with a +12% year-over-year change. The increase from now through the end of the year is 63 percent. We anticipate a price of $25.53 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $41.07 in the first half of 2023, then add $9.24 in the second half to finish the year at $50.31, a +159 percent increase over the present price.
2024-2028 Plug Power Stock Forecast
The next five years would see an increase: The price of Plug Power would increase by 88 percent, from $50.31 to $94.80. Plug Power will begin 2024 at $50.31, rise to $53.46 in the first half of the year, and end at $59.71. That's a +208 percent increase from today's price.
2029-2033 Plug Power Stock Forecast
The Plug Power price would increase by 26%, from $94.80 to $119.43. Plug Power will begin 2029 at $94.80, climbing to $96.80 in the first half of the year and ending at $98.88. It is about +409 percent higher than it is now.
Price Predictions for Plug Power in 2022-2023
The price of Plug Power began at $28.23 in 2022, and plug Power is now trading at $21.02, a decline of -26 percent from the start of the year. Plug Power is expected to be $32.73 by 2022, with a +16 percent year-over-year change. The increase from now through the end of the year is +56 percent. We anticipate $26.45 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $42.55 in the first half of 2023, then add $9.57 in the second half to finish the year at $52.12, a +148 percent increase over the present price.
2024-2028 Plug Power Stock Forecast
The next five years would see an increase: The price of Plug Power would rise 88 percent from $52.12 to $98.21. Plug Power will begin 2024 at $52.12, rise to $55.39 in the first half of the year, and end at $61.86. That's a +194% increase from today.
2029-2033 Plug Power Stock Forecast
During this time, the Plug Power price would increase by 26%, from $98.21 to $123.72. Plug Power will begin 2029 at $98.21, rise to $100.28 in the first half of the year, and conclude at $102.44 in the last half of the year. It is around +387 percent higher than it is now.
Price Predictions for Plug Power in 2022-2023
The price of Plug Power began at $28.23 in 2022, and plug Power is now trading at $22.04, down -22 percent from the beginning of the year. The estimated Plug Power price for the end of 2022 is $25.61, with a -9 percent year-over-year decline. The increase from now until the end of the year is 16 percent. We anticipate $22.87 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $33.29 in the first half of 2023, then rise another $7.49 in the second half to complete the year at $40.78, an increase of 85% over the present price.
2024-2028 Plug Power Stock Forecast
Over the next five years, there will be a major increase: The price of Plug Power will rise from $40.78 to $93.43, a 129 percent increase. Plug Power will begin 2024 at $40.78, rise to $48.12 in the first half of the year, and end at $55.34. That's a 151 percent increase from today's price.
2029-2033 Plug Power Stock Forecast
The Plug Power price would increase by 26%, from $93.43 to $117.70. Plug Power will begin 2029 at $93.43, then rise to $95.40 in the first half of the year before ending at $97.45. It is about +342 percent higher than it is now.
Price Predictions for Plug Power in 2022-2023
The price of Plug Power began at $28.23 in 2022, and plug Power is now trading at $25.77, a -9 percent fall from the start of the year. Plug Power is expected to cost $32.47 by 2022, representing a 15% increase year over year. The increase from now until the end of the year is 26%. We anticipate $29.00 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $42.21 in the first half of 2023, then add $9.50 in the second half to finish the year at $51.71, a gain of 101 percent over the present price.
2024-2028 Plug Power Stock Forecast
Over the next five years, there will be a major increase: Plug Power's price will rise from $51.71 to $118.46, a 129 percent increase. Plug Power will begin 2024 at $51.71, rise to $61.02 in the first half of the year, and end at $70.17. That's an increase of 172% from today's price.
2029-2033 Plug Power Stock Forecast
The Plug Power price would increase by 26%, from $118.46 to $149.24. Plug Power will begin 2029 at $118.46, rise to $120.95 in the first half of the year, and conclude at $123.55. It is about +379 percent higher than it is now.
Price Predictions for Plug Power in 2022-2023
The price of Plug Power began at $28.23 in 2022, and plug Power is now trading at $26.02, a -8 percent fall from the start of the year. Plug Power is expected to be $33.11 by 2022, with a +17 percent year-over-year change. The increase from now through the end of the year is +27 percent. We anticipate $29.57 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $43.04 in the first half of 2023, then add $9.68 in the second half to finish the year at $52.72, a gain of 103 percent over the present price.
2024-2028 Plug Power Stock Forecast
Over the next five years, there will be a major increase: Plug Power's price will rise from $52.72 to $120.77, a 129 percent increase. Plug Power will begin 2024 at $52.72, rise to $62.21 in the first half of the year, and end at $71.54. That's a +175% increase from today's price.
2029-2033 Plug Power Stock Forecast
The Plug Power price would increase by 26%, from $120.77 to $152.13. Plug Power will begin 2029 at $120.77, then rise to $123.31 in the first half of the year before ending at $125.96. It is about +384 percent higher than it is now.
Price Predictions for Plug Power in 2022-2023
The price of Plug Power began at $28.23 in 2022, and plug Power is now trading at $28.34, a decline of 0% from the beginning of the year. Plug Power is expected to cost $39.27 by 2022, representing a 39 percent increase year over year. The increase from now through the end of the year is +39 percent. We anticipate $35.07 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $51.05 in the first half of 2023, then rise another $11.49 in the second half to $62.54 towards the end of the year, a gain of 121 percent over the present price.
2024-2028 Plug Power Stock Forecast
Over the next five years, there will be a major increase: The price of Plug Power will rise from $62.54 to $143.27, a 129 percent increase. Plug Power will begin 2024 at $62.54, rise to $73.80 in the first half of the year, and end at $84.87. That's a 199 percent increase from today's price.
2029-2033 Plug Power Stock Forecast
The Plug Power price would increase by 26%, from $143.27 to $180.48. Plug Power will begin 2029 at $143.27, then rise to $146.29 in the first half of the year before ending at $149.44. It is about +427 percent higher than it is now.
Price Predictions for Plug Power in 2022-2023
The price of Plug Power began at $28.23 in 2022, and plug Power is now trading for $27.95, a -1 percent fall from the start of the year. Plug Power is expected to cost $47.64 by 2022, representing a +69% increase over the previous year. The increase from now until the end of the year is 70%. We anticipate $34.62 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $61.93 in the first half of 2023, then rise another $3.88 in the second half to complete the year at $65.81, a +135 percent increase over the present price.
2024-2028 Plug Power Stock Forecast
The price of Plug Power would climb by 97 percent over the next five years, from $65.81 to $129.41. Plug Power will begin 2024 at $65.81, rise to $73.50 in the first half of the year, and end at $84.53. That's a 202 percent increase from today's price.
2029-2033 Plug Power Stock Forecast
The Plug Power price would increase by 26%, from $129.41 to $163.01. Plug Power will begin 2029 at $129.41, then rise to $132.13 in the first half of the year before ending at $134.97. It is around +383 percent higher than it is now.
Price Predictions for Plug Power in 2022-2023
The price of Plug Power began at $28.23 in 2022, and plug Power is now trading at $26.15, a -7 percent fall from the start of the year. Plug Power is expected to cost $46.34 by 2022, representing a +64 percent increase year over year. The increase from now through the end of the year is 77 percent. We anticipate $33.67 for 1 Plug Power by the middle of 2022. The Plug Power price will rise to $60.24 in the first half of 2023, then add $3.78 in the second half to finish the year at $64.02, a +145 percent increase over the present price.
2024-2028 Plug Power Stock Forecast
The next five years would see an increase: Plug Power's price would rise from $64.02 to $125.90, a 97 percent increase. Plug Power will begin 2024 at $64.02, rise to $71.50 in the first half of the year, and end at $82.23. That's a 214 percent increase from today's price.
2029-2033 Plug Power Stock Forecast
The Plug Power price would increase by 26%, from $125.90 to $158.60. Plug Power will begin 2029 at $125.90, then rise to $128.55 in the first half of the year before ending at $131.31. It is around +402 percent higher than it is now.
Real-time News
