5 Most Promising Hydrogen and Fuel Cell Stocks According to Analysts

3. Plug Power Inc. (NASDAQ:PLUG)

Latest Average Analyst Share Price Target: $9.13

Latest Share Price Percentage Upside: 102%

Plug Power Inc. (NASDAQ:PLUG) is one of the more dominant players in the hydrogen and fuel cell industry due to its diversified business model. 2023 has not been kind to the firm since its shares have lost 63% on the market year to date, in a rather unsurprising performance since the firm has missed analyst EPS estimates in all four of its latest quarters.

By the end of this year’s third quarter, 26 out of the 910 hedge funds profiled by Insider Monkey had invested in Plug Power Inc. (NASDAQ:PLUG)’s shares. Israel Englander’s Millennium Management was the biggest shareholder since it owned $25.7 million worth of shares.

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