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.
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