Plug Power Inc. (NASDAQ:PLUG) is included among the 10 Best Clean Energy Stocks to Buy Right Now.
Plug Power Inc. (NASDAQ:PLUG) is a global leader in hydrogen fuel-supply solutions and in hydrogen applications for material handling, power generation, and e-mobility
On May 12, B. Riley boosted its price target on Plug Power Inc. (NASDAQ:PLUG) from $4 to $5, while maintaining a ‘Buy’ rating on the shares. The revised target reflects an upside of more than 27% from the current levels.
The move comes after Plug Power Inc. (NASDAQ:PLUG)’s revenue comfortably beat Wall Street estimates in its Q1 2026 report on May 11. Gross margin also improved substantially YoY, increasing from -55% to -13%, supported by the cost-cutting measures under the company’s “Project Quantum Leap” initiative. Moreover, Plug Power Inc. (NASDAQ:PLUG) is forecasting a 13% to 15% sales growth for full-year 2026, while the margin rate is also expected to continue to improve sequentially.