Plug Power Inc. (PLUG) aims to generate $700 million in revenues by 2025, with revenues of $484.7 million in the first nine months of the year. Strong demand for electrolyzers, accounting for 24.7% of total revenues, is driving growth. However, decreased demand for legacy products poses challenges.

Among PLUG’s peers, Bloom Energy Corp. (BE) saw a 55.7% increase in product and service revenues, while Flux Power Holdings, Inc. (FLUX) reported a 18% revenue decrease in the first quarter of fiscal 2026.

Shares of Plug Power have risen 38.9% in the past six months, with a forward P/E ratio of negative 5.94X and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for PLUG’s Q4 2025 bottom line has remained steady.

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Read more at Nasdaq.: Is Plug Power’s $700M Revenue Target for 2025 Within Reach?