Plug Power Announces 2023 Third Quarter Results
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Plug Power (PLUG) Mentioned Positively at Evercore, 'our favorite clean hydrogen pick'
November 13, 2023 6:00 AM ESTEvercore ISI analyst James West reiterated an Outperform rating and $25.00 price target on Plug Power (NASDAQ: PLUG).
The analyst comments "PLUG continues to be our favorite clean hydrogen pick due to its leading market position in PEM fuel cell technology, vertical integration in... More
JPMorgan Downgrades Plug Power (PLUG) to Neutral, ' Margin Issues Persist, Balance Sheet, Policy Support and Execution in Focus'
November 10, 2023 6:40 AM ESTJPMorgan analyst Paul Coster downgraded Plug Power (NASDAQ: PLUG) from Overweight to Neutral with a price target of $6.00 (from $10.00).
The analyst comments "Plug Powers 3Q earnings illustrated numerous near-term challenges the company is facing. Once armed with a pristine balance sheet after raising meaningful capital, Plugs short-term cash has been whittled down as a result of operational and scaling up challenges and an unfavorable hydrogen supply environment. This has led to significant margin challenges and higher than expected cash burn to the point that Plug Power put out a going concern... More
