A Closer Look at 14 Analyst Recommendations For Plug Power
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse opinions on Plug Power (NASDAQ:PLUG) over the last three months, with a total of 14 evaluations ranging from bullish to bearish. The recent ratings show a shift towards a more cautious stance, with an increase in 'Indifferent' and 'Somewhat Bearish' ratings. The average 12-month price target for PLUG has decreased to $4.74 from $5.53, indicating a 14.29% drop. Financial indicators reveal Plug Power's market capitalization is below industry average, with a notable revenue growth of 5.35% as of September 30, 2023, but struggles in profitability and asset utilization are evident.
February 28, 2024 | 6:00 pm
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Analyst ratings for Plug Power have varied, with a recent trend towards caution. The average 12-month price target has been reduced to $4.74, reflecting a decrease in optimism. Financial performance shows revenue growth but challenges in profitability and asset utilization.
The decrease in the average price target and the shift towards more cautious ratings by analysts suggest a short-term negative impact on PLUG's stock price. The financial overview indicating revenue growth but challenges in profitability and asset utilization supports the cautious stance of analysts, potentially affecting investor sentiment negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100