Plug Power plunges 30% on growing worries

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 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

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

Investing.com -- U.S. futures traded in a mixed fashion Friday, ending the week amid a degree of uncertainty after a relatively hawkish speech by Fed Chair Jerome Powell.

Here are some of the biggest premarket U.S. stock movers today:

Apple (NASDAQ: AAPL) stock rose 0.2% after the iPhone maker agreed to pay $25... More

Plug Power (PLUG) PT Lowered to $9 at Susquehanna

Susquehanna analyst Biju Perincheril lowered the price target on Plug Power (NASDAQ: PLUG) to $9.00 (from $13.00) while maintaining a Positive rating.... More

Plug Power (PLUG) PT Lowered to $6 at Truist Securities

Truist Securities analyst Jordan Levy lowered the price target on Plug Power (NASDAQ: PLUG) to $6.00 (from $8.00) while maintaining a Hold rating.... More

Oppenheimer Downgrades Plug Power (PLUG) to Perform, 'Slower Growth'

(Updated - November 10, 2023 6:55 AM EST)

Oppenheimer analyst Colin Rusch downgraded Plug Power (NASDAQ: PLUG) from Outperform to Perform.

The analyst comments "With PLUG working through the impact of hydrogen shortages and having built significant inventories as it preps to scale its vertically... More

Plug Power (PLUG) PT Lowered to $3.75 at BMO Capital

BMO Capital analyst Ameet Thakkar lowered the price target on Plug Power (NASDAQ: PLUG) to $3.75 (from $8.00) while maintaining a Market Perform rating.... More

JPMorgan Downgrades Plug Power (PLUG) to Neutral, ' Margin Issues Persist, Balance Sheet, Policy Support and Execution in Focus'

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

Plug Power (PLUG) PT Lowered to $11 at BTIG

BTIG analyst Gregory Lewis lowered the price target on Plug Power (NASDAQ: PLUG) to $11.00 (from $14.00) while maintaining a Buy rating.... More

Plug Power (PLUG) PT Lowered to $25 at Evercore ISI

Evercore ISI analyst James West lowered the price target on Plug Power (NASDAQ: PLUG) to $25.00 (from $37.00) while maintaining a Outperform rating.... More

RBC Capital Downgrades Plug Power (PLUG) to Sector Perform, 'Limited Visibility and Margin Pressures'

(Updated - November 10, 2023 6:44 AM EST)

RBC Capital analyst Chris Dendrinos downgraded Plug Power (NASDAQ: PLUG) from Outperform to Sector Perform with a price target of $5.00 (from $12.00).

The analyst comments "PLUG faced unprecedented challenges in 3Q23 on H2 supply... More