Roth Capital Upgrades Plug Power (PLUG) to Neutral
Get Alerts PLUG Hot Sheet
Rating Summary:
10 Buy, 17 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
Join SI Premium – FREE
Roth Capital analyst Craig Irwin upgraded Plug Power (NASDAQ: PLUG) from Sell to Neutral with a price target of $1.30.
The analyst cites the valuation as the primary driver of the upgrade.
He also comments "Both the WMT (WMT-NC) and Amazon (AMZN-NC) warrant agreements have raised revenue visibility, but these agreements erode both the quality of revenue/margin/earnings. We expect 2019 to be the year of the lithium ion electric lift truck, and suspect WMT could issue weak orders to PLUG as it starts taking material lithium battery volumes. We remain skeptical about the company's 2H19 timeline for suggested EBITDA profitability."
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 $1.40 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intermediate Capital Group (ICP:LN) (ICGUF) PT Raised to GBP22.50 at Citi
- WesBanco (WSBC) PT Lowered to $35 at DA Davidson
- W.R. Berkley (WRB) PT Lowered to $89 at BMO Capital
Create E-mail Alert Related Categories
Analyst Comments, UpgradesRelated Entities
Roth Capital, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!