In-Depth Examination Of 22 Analyst Recommendations For Plug Power
Portfolio Pulse from Benzinga Insights
Plug Power (NASDAQ:PLUG) has been analyzed by 22 analysts, showing diverse opinions with 5 bullish, 3 somewhat bullish, 12 indifferent, 2 somewhat bearish, and 0 bearish ratings. The average 12-month price target is now $7.96, down from $14.29, with a high estimate of $27.00 and a low of $2.30. Multiple analysts have lowered their price targets and ratings, reflecting changing market dynamics and company performance. Plug Power focuses on building a green hydrogen ecosystem and has shown a revenue growth rate of 5.35% as of September 30, 2023, but faces challenges with a net margin of -142.66% and below-average ROE and ROA.
December 22, 2023 | 6:00 pm
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Analysts have diverse opinions on Plug Power, with a significant decrease in the average price target to $7.96 from $14.29. The company's revenue growth is positive, but it struggles with profitability, as indicated by a high net margin loss and below-average ROE and ROA.
The significant reduction in the average price target and the predominance of lowered ratings by analysts suggest a bearish outlook for Plug Power in the short term. The financial performance indicators such as the high net margin loss and below-average ROE and ROA support the analysts' bearish sentiment, which is likely to negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100