What's Going On With Plug Power Stock Thursday?
Portfolio Pulse from Adam Eckert
Plug Power Inc's shares are trading lower after the company's annual green hydrogen conference. The company provided a long-term revenue outlook, expecting $6 billion in revenue in 2027 and $20 billion in 2030. Susquehanna analyst Biju Perincheril maintained a Positive rating for Plug but lowered the price target from $14 to $13. The Biden administration is expected to award $7 billion in federal grants for clean hydrogen fuel production.
October 12, 2023 | 7:00 pm
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NEGATIVE IMPACT
Plug Power's shares are trading lower after a long-term revenue outlook and a price target cut by Susquehanna analyst.
The company's long-term revenue outlook and the price target cut by Susquehanna analyst are likely to have a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100