Form 8-K PLUG POWER INC For: Nov 06
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Cowen Still Sees 'Compelling' FY15 Trajectory for Plug Power (PLUG); Trims PT to $6.50
November 13, 2014 9:15 AM ESTCowen and Company trims its price target on Plug Power (Nasdaq: PLUG) from $8 to $6.50, but maintains an Outperform rating following Q3 results.
Analyst Jeffrey Osborne offered the following summary: Plug missed on earnings, but set a compelling trajectory for FY15. Product offerings are gaining traction with solid repeat business. GenFuel has also continued to improve and the Praxair agreement helps secure access to hydrogen supply. GM should improve in 2015, with OpEx expected to increase as international opportunity emerges. Mid-January update should be next catalyst for shares.
Osborne also made te following... More
Roth Cuts PT on Plug Power (PLUG) to $4 Following 'Largely Disappointing' Q3 Report
November 13, 2014 7:57 AM ESTRoth Capital maintains Plug Power (Nasdaq: PLUG) at Neutral and lowers its price target from $6.15 to $4 following Q3 results reported earlier in the week.
Analyst Matt Koranda commented that PLUG's Q3 report was "largely disappointing." The analyst commented: PLUG posted an across-the-board miss on revenues, GMs, and EPS. Product... More
