Wynn Resorts, Illumina, Plug Power fall premarket; Apple rises

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

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

Wolfe Research Downgrades Unity Software (U) to Peerperform

Wolfe Research analyst Gal Munda downgraded Unity Software (NYSE: U) from Outperform to Peerperform.

The analyst comments "U reported results below consensus on revenue but above on EBITDA and announced changes including removing unprofitable portions of its business, reducing headcount, and focusing... More

Wolfe Research Downgrades Plug Power (PLUG) to Peerperform

Wolfe 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

Plug 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