On Nov 15, major Wall Street analysts update their ratings for $Plug Power (PLUG.US)$, with price targets ranging from $1.4 to $4.
Morgan Stanley analyst Andrew Percoco maintains with a sell rating, and maintains the target price at $1.75.
TD Cowen analyst Jeff Osborne maintains with a buy rating, and maintains the target price at $4.
Oppenheimer analyst Colin Rusch maintains with a hold rating.
Piper Sandler analyst Kashy Harrison maintains with a sell rating, and adjusts the target price from $1.6 to $1.4.
CCORF analyst George Gianarikas maintains with a hold rating, and adjusts the target price from $2.25 to $2.
Furthermore, according to the comprehensive report, the opinions of $Plug Power (PLUG.US)$'s main analysts recently are as follows:
Analysts note that following Plug Power's annual Symposium, where the company outlined its growth strategy and focus on cost reduction amidst political risks, the new revenue targets presented were below the consensus expectations.
The company is taking the required measures to extend its liquidity as it anticipates an increase in hydrogen order momentum. Although the global demand for hydrogen is on an upward trend, the growth rate is not meeting expectations. Despite the company being well-situated to capitalize on the worldwide hydrogen infrastructure expansion, there is a need for an increase in product sales to enhance margins, which appears to be delayed.
Anticipations are for more moderate top-line growth and margins in the near term owing to the prevailing macroeconomic environment and the scaling of operations anticipated for 2024 and 2025. However, it is expected that growth will pick up pace and margins will widen as the company approaches a more critical mass later in the decade.
Here are the latest investment ratings and price targets for $Plug Power (PLUG.US)$ from 6 analysts:
Note:
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