Editor's Note: This article has been updated to remove technical analysis.

Plug Power (NASDAQ:PLUG) shares are down during Thursday’s premarket session. The company prepares to ring the NASDAQ Closing Bell on March 6, 2026.

The company’s new CEO, Jose Luis Crespo, will be available for interviews during the bell-ringing ceremony, highlighting the company’s recent progress.

PLUG’s New CEO and Revenue Growth

This event comes on the heels of the company announcing a full year revenue increase of 12.9% year-over-year earlier this week.

This month, the company revealed full year revenue of around $710 million, driven by higher equipment sales volume and a strong global commercial momentum.

In addition, the company reported that its GenEco electrolyzers contributed a record $187 million in revenue, with an impressive $8 billion global sales funnel.

Over 300 megawatts of these electrolyzers have been deployed worldwide, showcasing significant commercial adoption across six continents.

Plug projects revenue growth in 2026 that mirrors last year's pace. Crespo pointed to expanding demand in material handling and electrolyzers.

PLUG’s Earnings Forecast and Analyst Ratings

Looking further out, the next major catalyst for the stock arrives with the May 11, 2026 earnings report.

• EPS Estimate: Loss of 9 cents (Up from Loss of 21 cents)
• Revenue Estimate: $178.29 million (Up from $133.67 million)

Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $2.41. Recent analyst moves include:

• Wells Fargo: Equal-Weight (Raises Target to $2.00) (Mar. 4)
• HC Wainwright & Co.: Buy (Maintains Target to $7.00) (Mar. 3)
• TD Cowen: Downgraded to Hold (Lowers Target to $2.00) (Jan. 9)

PLUG Price Action: Plug Power shares were down 2.82% at $2.41 during premarket trading on Thursday, according to Benzinga Pro data.

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