Plug Power, US72919P2020

Susquehanna cuts target for Plug Power stock to USD 1.75

Published on 10/20/2026 at 21:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Plug expects third-quarter revenue growth above 10 percent on October 15, 2026. Plug Power stock costs EUR 1.25 on October 20, 2026.

Analyst target and reporting date

Susquehanna lowered its Plug Power target from USD 2.50 to USD 1.75 on October 14, 2026.
Plug expects third-quarter 2026 revenue growth above 10 percent and net cash usage of USD 28 million.
Plug Power stock costs EUR 1.25 at Lang & Schwarz on October 20, 2026 at 8:59 p.m. CEST.
Plug plans to report third-quarter 2026 results on November 9, 2026.

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Plug Power (ISIN US72919P2020) faces a lower analyst valuation after Susquehanna cut its target from USD 2.50 to USD 1.75 on October 14, 2026, according to PriceTargets. Plug Power stock was trading at EUR 1.25 at Lang & Schwarz on October 20, 2026 at 8:59 p.m. CEST.

Revenue growth remains the test

Plug's October 15 business update pointed to preliminary third-quarter 2026 revenue growth above 10 percent against the same period of 2025. The company also estimated third-quarter net cash usage at USD 28 million and ended the period with USD 134 million in cash and cash equivalents, excluding restricted cash, according to Plug Power.

Stock stays near its yearly low

The Nasdaq-listed stock was quoted at USD 1.40 on October 20, 2026 at 3:03 p.m. ET, with a market capitalization of USD 2.0 billion. Its same-session 52-week range was USD 1.34 to USD 4.33, placing the quote USD 0.06 above the low and USD 2.93 below the high. Trading volume reached 38,944,079 shares.

Targets and reporting dates

PriceTargets listed a USD 3.40 average target from 16 analysts on October 16, 2026, alongside a Hold consensus. The next scheduled company event is the third-quarter 2026 results release on November 9, 2026, followed by a conference call at 4:30 p.m., as Plug Power stated on October 15, 2026.

Comparison with peers

Plug Power: 38,944,079 shares traded, market capitalization USD 2.0 billion.
Ballard Power Systems (Nasdaq, USD): 1,391,852 shares traded, market capitalization USD 459.4 million.
FuelCell Energy (Nasdaq, USD): 4,768,739 shares traded, market capitalization USD 995.0 million.

What the target cut changes

The lower USD 1.75 target contrasts with the USD 3.40 average target, leaving a wide spread across published analyst views. For investors, the November 9 results date puts the preliminary cash figure and the greater-than-10-percent revenue comparison ahead of the next full quarterly report.

Plug Power was trading at EUR 1.25 at Lang & Schwarz on October 20, 2026 at 8:59 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Plug Power stock.