Jefferies Cuts PT on Plug Power (PLUG) to $1.80 From $2

Plug Power Inc. (NASDAQ:PLUG) is one of the best penny stocks to buy according to Reddit. On March 9, Jefferies cut the price target on Plug Power Inc. (NASDAQ:PLUG) to $1.80 from $2 while maintaining a Hold rating on the shares. The firm told investors in a research note that the company reiterated its expectation to inflect to positive EBITDA in 2026, but Jefferies still sees this as a “show me story”.

Plug Power (PLUG) Surges 8.5% as Fuel Cell Market Begins to Boom

Plug Power Inc. (NASDAQ:PLUG) released its operational and financial results for fiscal Q4 and full year 2025 results on March 2, reporting that revenue for the full year 2025 rose 12.9% year-over-year at ~$710 million and fiscal Q4 2025 revenue totalled $225.2 million. This marks a 17.6% growth over the prior year quarter and 27.2% growth compared to fiscal Q3 2025. Management stated that the revenue improvement was supported by increased equipment sales volumes and continued commercial momentum across core markets. Plug Power Inc. (NASDAQ:PLUG) further reported that GAAP EPS for fiscal Q4 2025 was $0.63 compared to GAAP EPS of $1.48 for Q4 2024.

Plug Power Inc. (NASDAQ:PLUG) provides alternative energy technology focusing on the development, design, manufacturing, and commercialization of hydrogen and fuel cell systems that are primarily employed for the material handling and stationary power markets.

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