Plug Stock Forecast 2025: A Potential Gain of 313%

Plug Power Inc. (NASDAQ: PLUG) Stocks could fall for now. The Plug stock forecast for 2025 looks good, however.

Sure, we expect the massive electric vehicle renaissance to continue. But when you dive deeper into this space, you realize that it’s about so much more than cars. It’s about power.

This company represents the future of something much bigger than transportation.

Plug Power is developing hydrogen fuel cell systems that are expected to replace conventional batteries. This mainly applies to electric vehicles, but extends to other battery-powered areas as well.

Yes, you will find different opinions on the subject, namely Elon Musk, who describes hydrogen fuel cells as “fool cells” and even as “amazingly stupid”.

But often such musk isms can be explained by asking, “Who benefits?” Or who is most at stake when it comes to making such a claim?

The person who said it, Elon Musk, obviously benefits from tearing down hydrogen fuel cells and promoting their own Telsa lithium-ion battery.

Tell the over 23,000 forklift trucks that run on hydrogen today.

Tell the 1,000 auto managers surveyed in 2017 who said hydrogen fuel cells would ultimately outperform battery-powered electric vehicles.

Tell the majority of analysts who agree that Plug Power stock could double or triple within the next decade …

Plug Stock Forecast 2025

Despite the sad performance of this stock lately, investors are still incredibly bullish on Plug Power. The growing EV market and the growing power of the plug name make it difficult to get behind the few remaining bearish analysts.

These are the people Elon Musk would like to agree with Barclays‘Moses Sutton. He doesn’t like hydrogen power and doesn’t see a great future in it.

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If he and Musk are right, it would have a hugely negative impact on companies like Plug. Hydrogen fuel cells are their bread and butter.

But what if he’s … half right?

It turns out that a Toyota engineer, Yoshikazu Tanaka, agrees that plugging it into an electric vehicle is better than using hydrogen as a constant fuel. However, he carefully added that this does not affect the viability of hydrogen as a gas alternative.

That’s why Toyota is so invested in hydrogen. The world’s second largest automaker has sold 5,000 of its hydrogen fuel cell cars, the Mirai, since its launch in 2015.

Honda has a similarly strong commitment to hydrogen: There are almost 1,100 hydrogen fuel cells on the road in the USA.

Both companies are working with Shell Oil to build new hydrogen filling stations in California.

And California plans to build 200 hydrogen filling stations by 2025.

That’s all to say that hydrogen appears to have a bright future, especially in vehicles.

So it should come as no surprise that the high analyst target for Plug Power stock over the next 12 months is $ 78, or 168%.

Projection company Wallet investor it has hit $ 82 by 2025, but if Plug manages to burst 168% this year alone, it would mean hydrogen is taking off.

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In that case, we can expect the Plug stock to hit up to $ 150 by 2025, which translates to a 313% return.

Really, hydrogen is a massive trend supported by more than “fools”. And most analysts agree that this will at least play a role in gas replacement.

Here’s when you should buy plug stocks …

The technical housing for Plug Stock

In March 2021 Capital.com said if plug stocks don’t break $ 48 it will continue to slide toward $ 30. The stock has since fallen from a 100-day moving average of $ 39 to $ 29 as the new “support range”.

The all-time high for plug stocks is $ 66, and it could likely climb higher in the next few months alone.

One reason we know Plug has bottomed is that the Relative Strength Index (RSI) is currently above 60, indicating more support for the stock than it did when it fell below $ 48 with an RSI 50 fell.

RSI basically shows whether the stock is overbought or oversold. There tends to be resistance around 50 and 60 on the RSI chart.

Previously, the stock was in “oversold” mode with an RSI below 50 and its lowest level in 12 months. This meant the stock lost momentum.

Now that it is recovering at 60, the plug inventory could either break through and rise over a few months or flatten.

Hyperbolic growth could well be a reality, with what we expect from the EV industry in the years to come …

Plug Stock is a big game in the EV industry

The electric vehicle industry is expected to grow within the next decade. Allied market research says it could reach $ 802 billion by 2027, which would be a 395% growth target from $ 162 billion in 2019.

You can check out flashy EV stocks like Tesla Inc. (NASDAQ: TSLA) to partake in that growth. But you might be disappointed.

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Most of the growth we’ve seen from Tesla has likely been realized for now. And Tesla’s growth even threatens to tarnish relations with China and increase competition in the EV industry.

It’s time to dive deeper and examine which sectors will benefit most when EVs go normal.

Most of the time, you can’t drive five miles without seeing a gas station on the side of the road. Now imagine that this is the case with hydrogen stations.

Hydrogen filling stations are being built right next to the chargers for electric vehicles. Even if they take a back seat to traditional battery chargers, hydrogen performance has already made enough progress to be considered a viable source of electricity.

This is especially true as US states and other nations around the world seek to eliminate carbon emissions and promote a more electric vehicle-centric society. Electric vehicles are becoming cheaper and the standard.

With that in mind, buying plug stocks today, even though they’re at an all-time low, is like buying at a discount. You’re getting even more upside potential than you could have if the stock hadn’t gone down.

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About the author

Mike Stenger, Associate Editor for Money Morning at Money Map Press, graduated from the Perdue School of Business at Salisbury University. He has combined his degree in economics with an interest in new technology by discovering where technology and finance intersect. Today he’s studying cybersecurity, AI, streaming and the cloud.

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