Where Plug Power Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the last three months, 17 analysts have published ratings on Plug Power (NASDAQ:PLUG), showing a diverse range of perspectives. The recent ratings indicate a shift towards a more bearish outlook, with the latest 30-day period seeing an increase in bearish ratings. The average 12-month price target for PLUG has decreased to $4.61 from $5.72, indicating a 19.41% decrease. Analysts have adjusted their ratings and price targets based on changing market dynamics and company performance, reflecting varying expectations for Plug Power's future value.
April 05, 2024 | 9:00 pm
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NEGATIVE IMPACT
Analysts have shown a diverse range of perspectives on Plug Power, with a recent shift towards a more bearish outlook. The average 12-month price target has decreased significantly, indicating a potential short-term negative impact on PLUG's stock price.
The decrease in the average 12-month price target for PLUG, along with the shift towards more bearish ratings by analysts, suggests a negative sentiment towards the company's stock in the short term. This bearish outlook, combined with the detailed adjustments in ratings and price targets by key analysts, indicates a potential decrease in investor confidence, which could lead to a short-term decline in PLUG's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100