Roth Capital analyst Craig Irwin keeps a Buy rating and $3.50 price target on Plug Power (PLUG) after the company hosted an update call to discuss policy details from the Big Beautiful Bill Act, specifically to underline how Section 48E details were a “positive surprise”. The updated 48E terms allow a full 30% ITC – investment tax credit – for qualified fuel cell property that starts construction between 2026 and 2032, and does this without any zero-emission requirements or restrictions on foreign components, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLUG:
- Big Beautful Bill positive for Plug Power, says JPMorgan
- Positive Growth Outlook for Plug Power Amid Legislative Incentives and Revenue Projections
- Plug Power sees being EBITDAS positive exiting 2026
- Plug Power to Hold Annual Stockholders Meeting
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!