Canaccord lowered the firm’s price target on Plug Power (PLUG) to $1.25 from $2 and keeps a Hold rating on the shares. The firm said they are encouraged by the intensified focus on profitability and cash generation from Plug Power management but Canaccord continues to await more stout proof points, actionable regulatory clarity, and news on capital infusions.
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Read More on PLUG:
- Plug Power’s Hold Rating Reflects Balanced View of Risks and Opportunities Amid Revenue Shortfalls and Financing Challenges
- Plug Power’s Strategic Focus and Cost Reduction Drive Buy Rating Despite Challenges
- Plug Power (PLUG) Shares Leap Forward Despite Q4’s Financial Struggles
- Plug Power Reports Strategic Progress and Cash Flow Gains
- Plug Power’s Financial Struggles Warrant Sell Rating Amid Revenue Misses and Capital Challenges