{"id":48216,"date":"2026-03-21T11:35:33","date_gmt":"2026-03-21T11:35:33","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/21\/plug-power-stock-could-jump-by-35-soon-heres-why-2\/"},"modified":"2026-03-21T11:35:33","modified_gmt":"2026-03-21T11:35:33","slug":"plug-power-stock-could-jump-by-35-soon-heres-why-2","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/21\/plug-power-stock-could-jump-by-35-soon-heres-why-2\/","title":{"rendered":"Plug Power stock could jump by 35% soon: here\u2019s why"},"content":{"rendered":"
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Plug Power stock price has held steady in the past few weeks as investors reacted to the recent financial results, which showed that its business was doing well. PLUG, a top player in the hydrogen energy industry, was trading at $2.30 on Wednesday, up by 35% from its lowest level this year. <\/p>\n

This recovery may continue in the foreseeable future as investors anticipate more revenue growth this year.<\/p>\n

Analysts expect Plug Power revenue to keep growing<\/h2>\n

Plug Power\u2019s business is doing well despite the ongoing challenges in the hydrogen sector. The most recent results showed that its revenue jumped by nearly 13% last year<\/a> to $710 million. Its fourth-quarter revenue rose by 17.6% to $225 million.<\/p>\n

This growth was driven by a big increase in the power purchase agreements segment, which continued seeing more demand in the United States and other countries. Its power purchase agreements made $107 million from the $77 million it made in the same period a year earlier.<\/p>\n

The other segments of this business continued doing relatively well in this period. For example, fuel delivered to customers rose to $133 million from the previous $97.8 million. Also, the services offered on fuel cell system made over $94 million, up from $52 million in the same period in 2024.<\/p>\n

The main challenge, however, is that its biggest equipment sales have continued weakening. Its revenue dropped to $371 million from the $390 million a year earlier. This is important as the segment made $711 million in 2023.<\/p>\n

Wall Street analysts are highly optimistic that the company\u2019s business will continue rising in the coming years, helped by the rising industrial demand, including companies like Walmart, Amazon, and DHL.<\/p>\n

The average estimate is that its revenue will jump by 6.20% this year to over $142 million, while its annual figure will jump by 13% to over $802 million. It will then make $951 million this year.<\/p>\n

Additionally, Plug Power\u2019s losses are expected to continue narrowing. It made a loss per share of 85 cents last year, and analysts expect it to improve to 30 cents this year and 22 cents next year. <\/p>\n

Still, despite these developments, the stock faces the major risk of dilution as it will need to raise capital in the coming months. It ended the last quarter with over $308 million in cash and $186 million in restricted cash.<\/p>\n

Plug Power stock price technical analysis <\/h2>\n
<\/figure>\n

PLUG stock chart | Source: TradingView<\/em> <\/p>\n

The daily timeframe chart shows that the PLUG stock has rebounded in the past few days, moving from a low of $1.72 in February to the current $2.32. It has formed a double-bottom pattern at $1.72 and a neckline at $2.64, its highest level in January this year.<\/p>\n

The stock remains between the 50% and 61.8% Fibonacci Retracement levels. It has also moved above the 50-day Exponential Moving Average (EMA).<\/p>\n

Therefore, the stock will likely continue rising in the coming weeks, potentially to the neckline at $2.65. A move above that level will point to more gains, potentially to the psychological level at $3.10, which is about 35% above the current level.<\/p>\n

The post Plug Power stock could jump by 35% soon: here\u2019s why<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Plug Power stock price has held steady in the past few weeks as investors reacted to the recent financial results, which showed that its business was doing well. PLUG, a top player in the hydrogen energy industry, was trading at $2.30 on Wednesday, up by 35% from its lowest level this year.  This recovery may <\/p>\n","protected":false},"author":1,"featured_media":48217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-48216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48216"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48217"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}