Oppenheimer analyst Colin Rusch maintains $Plug Power (PLUG.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 48.8% and a total average return of 36.6% 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 emphasized the company's growth strategy, focus on cost reduction, and approach to political risks possibly arising from a Republican sweep, it was noted that the company set forth new revenue targets which were below the general consensus.
Plug Power persistently pursues actions to prolong its liquidity amid anticipation for an uptick in hydrogen order momentum. Although the global hydrogen demand is increasing, its growth rate is unfolding more gradually than previously projected. The company is favorably positioned to capitalize on the worldwide hydrogen infrastructure expansion. However, a shift in demand and the necessity for greater product sales to enhance margins are anticipated to be deferred.
Anticipated top-line growth and margins are expected to be somewhat tempered due to the broader economic environment and the scaling of operations in the upcoming years. Growth is projected to pick up pace and margins to widen in the latter half of the decade as the company reaches a pivotal scale, according to the analyst.
Note:
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