In a report released today, Kashy Harrison from Piper Sandler maintained a Sell rating on Plug Power (PLUG – Research Report), with a price target of $2.90. The company’s shares closed last Friday at $4.02.
According to TipRanks, Harrison is an analyst with an average return of -19.0% and a 32.16% success rate. Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, SolarEdge Technologies, and First Solar.
The word on The Street in general, suggests a Hold analyst consensus rating for Plug Power with a $5.26 average price target, representing a 30.85% upside. In a report released on March 3, BMO Capital also maintained a Sell rating on the stock with a $2.50 price target.
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PLUG market cap is currently $2.75B and has a P/E ratio of -1.76.
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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.
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