17 Analysts Have This To Say About Plug Power
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Plug Power (NASDAQ:PLUG), with 17 ratings over the past three months. The average 12-month price target is $6.97, with a high of $27.00 and a low of $2.30, reflecting a 53.06% decrease in the average target. Analysts from firms like Craig-Hallum, Piper Sandler, and Morgan Stanley have adjusted their ratings and price targets. Plug Power's financials show a revenue growth of 5.35% as of September 30, 2023, but a net margin of -142.66% and an ROE of -7.82%. The company is building a green hydrogen ecosystem and has a debt-to-equity ratio of 0.28.
January 11, 2024 | 2:00 pm
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Analysts have a mixed outlook on Plug Power, with a significant decrease in the average price target. Financial indicators show revenue growth but poor profitability and efficiency metrics.
The substantial decrease in the average price target by analysts suggests a bearish sentiment, which could negatively impact investor confidence and the stock price in the short term. The mixed ratings and negative profitability indicators like net margin and ROE may also contribute to potential downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100