Plug Power's stock target raised twice in a week amid improving margins and positive outlook.

Plug Power received two analyst price target increases in one week, reflecting improved business economics under its Project Quantum Leap cost-cutting plan. Susquehanna raised its target to $3.75 after strong Q1 2026 results showing 22% revenue growth and significant margin improvements. CEO Jose Luis Crespo expects positive EBITDAS by Q4 2026 and full profitability by 2028, supported by asset sales. Despite risks like high cash burn and accumulated deficits, the stock's recent rally and analyst optimism signal cautious confidence in the company's turnaround.