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NASDAQ:PLUG 30 December 2025 - 11 January 2026

Plug Power stock slides after TD Cowen downgrade revives cash-burn fears

Plug Power stock slides after TD Cowen downgrade revives cash-burn fears

Shares of Plug Power Inc dipped 5.6% on Friday, closing at $2.19, pressured by a TD Cowen downgrade that nudged the hydrogen fuel-cell company back toward the $2 mark. The stock fluctuated between $2.14 and $2.33 during the session, after ending Thursday at $2.32. Volume hit around 114 million shares, surpassing the company’s recent averages. Meanwhile, the Nasdaq Composite climbed 0.81%, and rival Ballard Power Systems gained 1.1%.
Plug Power stock in focus as TD Securities downgrades to Hold, cuts target to $2

Plug Power stock in focus as TD Securities downgrades to Hold, cuts target to $2

Plug Power shares hovered around $2.32 in premarket trading on Friday after TD Securities downgraded the hydrogen equipment maker to hold from buy and cut its price target to $2 from $4. The broker pointed to slower demand and execution risks in electrolyzers — machines that split water to make hydrogen — and in the material-handling business tied to fuel-cell forklifts and service. TD said Plug still lacks a clear path to positive free cash flow, the cash left after capital spending, and flagged management targets of about $215 million in quarterly revenue for gross margin break-even and $300 million for EBITDA positive.
Plug Power stock today: Clear Street upgrade puts PLUG back in focus as investors eye dilution vote

Plug Power stock today: Clear Street upgrade puts PLUG back in focus as investors eye dilution vote

Plug Power Inc shares rose 1.55% to close at $1.97 on Wednesday after Clear Street analyst Tim Moore upgraded the hydrogen fuel-cell maker to “Buy”. Moore lowered his price target — an estimate of where the shares could trade — to $3 from $3.50. The gain snapped a three-day losing streak and outpaced the Nasdaq Composite’s 0.76% drop; Ballard Power Systems ended flat and Air Products fell 0.72%. MarketWatch+1
1 January 2026
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