Plug Power (PLUG) Misses Q3 EPS by 16c

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Go back to Plug Power (PLUG) Misses Q3 EPS by 16c

Plug Power (PLUG) Mentioned Positively at Evercore, 'our favorite clean hydrogen pick'

November 13, 2023 6:00 AM EST

Evercore 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 EST

JPMorgan 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