Plug Power has faced significant stock declines in 2025, dropping to as low as $1.61. Despite this, HC Wainwright's analyst Amit Dayal remains optimistic, predicting a rise to $5 by year-end. He cites strong anticipated sales, a significant loan guarantee from the Department of Energy, and favorable tax credits from the Inflation Reduction Act as core reasons for his positive outlook. Additionally, Plug has secured a substantial purchase agreement for electrolyzers, signaling growth potentials as it moves toward investments in green hydrogen production facilities.
Wall Street analysts expect Plug to report strong sales growth and slimming losses.
Benamar said, 'The loan can be applied toward financing the build of up to six green hydrogen production facilities.'
The final investment decision is expected in Q2 2025, with production commencing for its partner in 2027.
Dayal remains optimistic, stating, 'Plug Power stock will rise to $5 by the end of the year.'
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