Plug Power (PLUG)
Total of 6 new price targets: $30, $26, $24 $23, $22, $21
Colin Rusch from Oppenheimer assigned a Buy rating to Plug Power, with a price target of $23.00.
H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Plug Power (NASDAQ:PLUG) on Tuesday, setting a price target of $30, which is approximately 47.71% above the present share price of $20.31.
Craig-Hallum analyst Eric Stine raised the firm's price target on Plug Power to $26 from $14 and keeps a Buy rating on the shares. The analyst cites the company's Q3 beat, raised fiscal year 2020 guidance and maintained outlooks for 2021/2024.
Roth Capital analyst Craig Irwin raised the firm's price target on Plug Power to $22 from $13 and keeps a Buy rating on the shares. The analyst notes that Plug posted "strong" Q3 upside, with revenue and EBITDA ahead by $15.5M and $14.5M, respectively. However, Q4 implied guide was below estimates, reflecting seasonal Q3 deliveries strength at key customers, Irwin adds. The analyst believes much of the material long-term value creation at Plug will come from FC trucks and green hydrogen, and both of these initiatives remain on track. He would buy on any weakness.
B. Riley Securities analyst Christopher Souther raised the firm's price target on Plug Power to $24 from $18 and keeps a Buy rating on the shares following the company's "strong" Q3 results. Management continues to execute well in material handling and is very bullish on adjacent market opportunities in backup power and commercial vehicles where ramps are likely to begin early to middle of next year, Souther tells investors in a research note.
Barclays analyst Moses Sutton raised the price target on Plug Power (NASDAQ: PLUG) to $21.00 (from $13.00) while maintaining a Overweight rating.
Submitted November 11, 2020 at 05:28AM by SherDeVuDe
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