BMO Capital lowered the firm’s price target on Plug Power (PLUG) to $1 from $1.30 and keeps an Underperform rating on the shares after its Q4 results. The company’s pivot towards a more narrowly focused hydrogen application oriented company rather than green hydrogen supplier continues, while its management continues to believe that asset sales and lower expected 2026 capex mean no expected equity needs, 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:
- Balanced View on Plug Power: Near-Term Margin Improvement Offset by Weak 2026 Outlook and Ongoing Structural Concerns
- Plug Power appoints Crespo as Chief Executive Officer
- Execution Risk and Slower Growth Outlook Undermine Plug Power’s Path to Profitability, Justifying Sell Rating
- Closing Bell Movers: MongoDB down over 20% after soft Q1 guidance
- Plug Power names Jose Luis Crespo as new CEO