Redburn Atlantic Initiates Coverage On Plug Power with Neutral Rating, Announces Price Target of $4.5
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Skye Landon initiates coverage on Plug Power (NASDAQ:PLUG) with a Neutral rating and a price target of $4.5.
February 06, 2024 | 1:44 pm
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NEUTRAL IMPACT
Redburn Atlantic has initiated coverage on Plug Power with a Neutral rating and set a price target of $4.5.
The initiation of coverage by Redburn Atlantic with a Neutral rating and a specific price target provides investors with a new analytical perspective on Plug Power. However, the Neutral rating suggests that the analyst sees the stock as fairly valued at its current price, implying limited short-term price movement. The price target of $4.5 offers a benchmark for future performance evaluation but does not strongly suggest significant upside or downside, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100