Oppenheimer Is Bullish On Plug Power After Its Analyst Day - Read Why
Portfolio Pulse from Shivani Kumaresan
Oppenheimer analyst Colin Rusch reiterated an Outperform rating on Plug Power Inc (NASDAQ:PLUG) after the company's analyst day. Plug Power highlighted its ramp to 100MW/month production, traction in stationary backup power and EV charging markets, and plans to double production in 2H. The company is also expanding internationally, targeting 25% of FY23 revenue from Europe.
June 15, 2023 | 5:59 pm
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Oppenheimer analyst Colin Rusch reiterated an Outperform rating on Plug Power Inc (NASDAQ:PLUG) after the company's analyst day. The company is ramping up production, expanding internationally, and targeting new markets.
The news is positive for Plug Power as the company is ramping up production, expanding internationally, and targeting new markets. The Outperform rating from Oppenheimer analyst Colin Rusch indicates that the stock is expected to outperform the market in the short term. This is likely to have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100