Form 8-K PLUG POWER INC For: Nov 09
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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
Wolfe Research Downgrades Plug Power (PLUG) to Peerperform
November 13, 2023 4:13 AM ESTWolfe Research analyst Steve Fleishman downgraded Plug Power (NASDAQ: PLUG) from Outperform to Peerperform.
The analyst comments "The going concern disclosure in the recent Q and related liquidity and financing overhang makes it tough to value PLUG here. We're downgrading... 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
