Assessing Plug Power: Insights From 25 Financial Analysts
Portfolio Pulse from Benzinga Insights
Over the last three months, 25 financial analysts have provided diverse opinions on Plug Power (NASDAQ:PLUG), with recent ratings showing a shift towards a more cautious stance. The average 12-month price target has been adjusted to $5.14, significantly lower than the previous $8.04, indicating a downward trend in expectations. Analysts' actions, ranging from maintaining to lowering ratings and price targets, reflect changing market conditions and company performance. Plug Power's financials show a mix of positive revenue growth but challenges in net margin, ROE, and ROA, with a sound debt management position.
February 06, 2024 | 7:00 pm
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25 analysts have mixed views on PLUG, with a new lower average price target of $5.14. Financials show revenue growth but challenges in profitability. Analyst actions and financial performance suggest caution.
The significant reduction in the average price target by analysts, combined with the mixed financial indicators such as positive revenue growth but poor net margin, ROE, and ROA, suggests a cautious or negative outlook for PLUG in the short term. The diverse analyst opinions, with a shift towards more cautious ratings, indicate uncertainty and potential downside risk.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100