Demystifying Plug Power: Insights From 7 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Over the past three months, 7 analysts have reviewed Plug Power (NASDAQ:PLUG), with opinions ranging from bullish to bearish. The average 12-month price target has decreased by 23.32% to $2.63. Analysts have lowered their ratings and price targets, reflecting concerns about the company's financial performance, including a -44.9% decline in revenue growth and negative net margins.
August 12, 2024 | 7:00 pm
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NEGATIVE IMPACT
Analysts have lowered their ratings and price targets for Plug Power, with the average 12-month target dropping by 23.32% to $2.63. The company faces significant financial challenges, including a -44.9% decline in revenue growth and negative net margins.
The consistent lowering of ratings and price targets by multiple analysts indicates a bearish outlook on Plug Power's short-term performance. The significant decline in revenue growth and negative net margins further support this negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100