RBC Capital analyst Chris Dendrinos reiterated a Hold rating on Plug Power (PLUG – Research Report) yesterday and set a price target of $3.50. The company’s shares closed last Friday at $3.89.
According to TipRanks, Dendrinos is ranked #8517 out of 8719 analysts.
In addition to RBC Capital, Plug Power also received a Hold from KeyBanc’s Sangita Jain in a report issued today. However, on the same day, H.C. Wainwright maintained a Buy rating on Plug Power (NASDAQ: PLUG).
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Based on Plug Power’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $198.71 million and a GAAP net loss of $283.48 million. In comparison, last year the company earned a revenue of $188.63 million and had a GAAP net loss of $170.76 million
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Plug Power (PLUG) Company Description:
New York-based Plug Power, Inc. is an electrical equipment manufacturing company. It develops hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity.
Read More on PLUG:
- PLUG Earnings: Plug Power Fizzles after Shaky Earnings Results
- Plug Power Inc Reported Earnings. Did it Beat Estimates?
- Plug Power Issues Key Financial Information Update
- Plug Highlights Year of Strategic Growth and Advancements in Accelerating the Green Hydrogen Economy
- Options Volatility and Implied Earnings Moves Today, March 01, 2024
