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Analysts Offer Insights on Industrial Goods Companies: NuScale Power (SMR), Archer Aviation (ACHR) and Plug Power (PLUG)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on NuScale Power (SMRResearch Report), Archer Aviation (ACHRResearch Report) and Plug Power (PLUGResearch Report).

NuScale Power (SMR)

In a report released yesterday, George Gianarikas from Canaccord Genuity maintained a Buy rating on NuScale Power, with a price target of $8.00. The company’s shares closed last Thursday at $5.86.

According to TipRanks.com, Gianarikas has 0 stars on 0-5 stars ranking scale with an average return of -5.4% and a 33.8% success rate. Gianarikas covers the Industrial Goods sector, focusing on stocks such as Surf Air Mobility, Inc., Lion Electric Company, and Generac Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for NuScale Power with a $7.50 average price target.

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Archer Aviation (ACHR)

Canaccord Genuity analyst Austin Moeller maintained a Buy rating on Archer Aviation today and set a price target of $9.00. The company’s shares closed last Thursday at $3.77.

According to TipRanks.com, Moeller is a 1-star analyst with an average return of -1.8% and a 40.8% success rate. Moeller covers the Industrial Goods sector, focusing on stocks such as Intuitive Machines, Vertical Aerospace, and Joby Aviation.

Currently, the analyst consensus on Archer Aviation is a Strong Buy with an average price target of $9.00, which is a 140.6% upside from current levels. In a report issued on May 3, J.P. Morgan also maintained a Buy rating on the stock with a $5.00 price target.

Plug Power (PLUG)

Truist Financial analyst Jordan Levy reiterated a Hold rating on Plug Power today and set a price target of $3.00. The company’s shares closed last Thursday at $2.77, close to its 52-week low of $2.25.

According to TipRanks.com, Levy is ranked 0 out of 5 stars with an average return of -18.3% and a 29.2% success rate. Levy covers the Technology sector, focusing on stocks such as Sunnova Energy International, Shoals Technologies Group, and SolarEdge Technologies.

The word on The Street in general, suggests a Hold analyst consensus rating for Plug Power with a $5.21 average price target, which is an 117.1% upside from current levels. In a report issued on April 30, KeyBanc also maintained a Hold rating on the stock.

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