Form 10-Q PLUG POWER INC For: Sep 30
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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
Plug Power plunges 30% on growing worries
November 10, 2023 8:03 AM ESTPlug Power Inc. (NASDAQ: PLUG) fell 31% in early trading Friday following disappointing third quarter results amid "unprecedented" hydrogen supply challenges. The weak report triggered three Wall Street downgrades on margin and cash flow concerns, among other worries.
The hydrogen solutions provider reported that revenue in the quarter was $199 million, well below the consensus of $224.77 million. Meanwhile, the company reported a loss of $0.47 per share, versus the consensus calling for a loss of $0.31 per share.
"The liquid hydrogen market in North America has been severely constrained by multiple frequent force majeure events,... 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
