Plug Power price target lowered to $1 from $1.25 at Canaccord

Canaccord lowered the firm’s price target on Plug Power (PLUG) to $1 from $1.25 and keeps a Hold rating on the shares. The firm said Management continues to take steps to reshape the company and focus on sustainability and viability and they are encouraged by management’s intensified focus on profitability and future cash generation.