What Will Plug Power's Stock Price Be in 1 Year?

Core Viewpoint - Plug Power (NASDAQ: PLUG) is facing a divided opinion among analysts, with predictions ranging from a potential doubling of its stock price to a decline of up to 75% over the next year [1][7]. Analyst Perspectives - Citigroup analyst Vikram Bagri maintains a bearish outlook, reiterating a 12-month price target of $0.75, indicating a potential decline of approximately 75% from its recent price of around $3 per share [2]. - Despite a 250% increase in Plug Power's stock over the past six months, Bagri's bearish stance remains firm [2]. Concerns Highlighted by Analysts - The economic viability of hydrogen fuel systems is still years away, leaving companies like Plug Power dependent on government subsidies and limited pilot customers [4]. - Plug Power is currently losing about $250 million per quarter, which equates to nearly 30% of its market capitalization, leading to significant share dilution through secondary stock sales [5]. - Bagri's previous bullish outlook in 2023, which predicted strong margin expansion due to aggressive growth plans, has not materialized, with shares down over 75% since that prediction [6].