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.
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:
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