share_log

RBC Capital Maintains Plug Power(PLUG.US) With Hold Rating, Cuts Target Price to $2

Futu News ·  10:32  · Ratings

RBC Capital analyst Chris Dendrinos maintains $Plug Power (PLUG.US)$ with a hold rating, and adjusts the target price from $2.5 to $2.

According to TipRanks data, the analyst has a success rate of 37.9% and a total average return of -1.8% over the past year.

AnalystRecentRatingAutoNews_203365_20241114_fcdb0245cc948f270295d0927867a8da6e336825_1731724282273813_nn_en

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

  • The company's growth strategy, focus on reducing costs, and approaches to managing political risks associated with potential political shifts were underscored during their annual Symposium. The new revenue targets presented by the company, which fell short of the consensus expectations, were also noted.

  • The company is taking the necessary measures to extend its liquidity as it anticipates an increase in hydrogen orders. Although the global demand for hydrogen is on the rise, the growth rate has not met expectations. The company's product line is well suited for the worldwide expansion of hydrogen infrastructure; however, the need for greater product sales to enhance profit margins has resulted in a delay.

  • It is anticipated that top-line growth and margins will be somewhat tempered in the near term due to the current macroeconomic environment and the scaling of operations through 2024 and 2025. However, it is expected that growth will pick up pace and margins will widen as the latter part of the decade approaches, coinciding with the business reaching a pivotal scale.

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.
    Write a comment