KeyBanc on Plug Power (PLUG): 'Turning the Ship Around with a New CEO at the Helm'

KeyBanc analyst Sophie Karp reiterated a Sector Weight rating on Plug Power (NASDAQ: PLUG).

The analyst commented: "Turning the Ship Around with a New CEO at the Helm; PLUG reported markedly improved financials for 2025 vs. 2024, has plans to further reduce capital intensity, and is targeting further improvements in profitability for 2026, targeting positive EBITDA in 4Q26. For now, the revenue growth will be in material handling and electrolyzers primarily, and the funnel of opportunities in both looks robust. Management has high confidence in 80% of 2026 revenue outlook with the balance under negotiations currently. With a new CEO at the helm, we are cautiously optimistic that PLUG will begin to turn the corner, financially, in 2026, but the road is long."

For an analyst ratings summary and ratings history on Plug Power click here. For more ratings news on Plug Power click here.

Shares of Plug Power closed at $1.81 yesterday.

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