What's Going On With Plug Power Stock?
Portfolio Pulse from Adam Eckert
Plug Power Inc (NASDAQ:PLUG) shares are moving lower as multiple analysts cut price targets on the stock. The company recently issued a long-term revenue outlook, expecting $6 billion in revenue in 2027 and $20 billion in 2027. The company is expected to report a loss of 30 cents per share and revenue of $259.65 million in its third-quarter financial results.
October 18, 2023 | 1:39 pm
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Plug Power's stock price is moving lower due to multiple analysts cutting their price targets. The company's long-term revenue outlook and upcoming Q3 results could influence the stock's performance.
The stock price of Plug Power is directly impacted by the analysts' price target cuts, which usually indicates a bearish outlook. Additionally, the company's long-term revenue outlook and upcoming Q3 results could further influence investor sentiment and the stock's performance.
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