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Morgan Stanley Maintains Plug Power(PLUG.US) With Sell Rating, Maintains Target Price $1.75

Futu News ·  Nov 14 21:35  · Ratings

Morgan Stanley analyst Andrew Percoco maintains $Plug Power (PLUG.US)$ with a sell rating, and maintains the target price at $1.75.

According to TipRanks data, the analyst has a success rate of 49.1% and a total average return of -3.6% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Plug Power (PLUG.US)$'s main analysts recently are as follows:

  • Following Plug Power's annual Symposium, which shed light on the company's growth strategy, focus on cost reduction, and approach to handling political risks associated with potential changes in government, concerns were raised due to the new revenue targets failing to meet consensus expectations.

  • The company is taking appropriate measures to extend its liquidity as it anticipates an increase in hydrogen order momentum. Although global hydrogen demand is on the rise, it is expanding at a pace that is below expectations. It is noted that the company's product offerings are suitably positioned for the worldwide expansion of hydrogen. However, there is a necessity for enhanced demand and additional product sales to bolster margins, which seems to be deferred.

  • Analysts expect that while top-line growth and margins may be somewhat subdued due to the macroeconomic environment and the scaling of operations in 2024 and 2025, there is anticipation of growth acceleration and margin expansion in the latter half of the decade once the business reaches a critical mass.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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