Analyst Projects 16% Upside Potential for Plug Power Stock
Sunday, 3 March 2024, 11:57
Plug Power Stock Potential Upside
Analyst Jordan Levy at Truist Financial anticipates a 16% price increase for Plug Power stock.
Hydrogen Production Announcement
- Plug Power has started operations at a liquid hydrogen facility in Georgia.
Levy's optimistic price target is linked to investors' excitement in the company's hydrogen efforts.
Financial Performance Concerns
- Plug Power reported a higher-than-expected loss per share of $2.62 in the fourth quarter of 2023.
Investors should be cautious due to the company's ongoing profit challenges and weak cash flow generation.
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