Wells Fargo lowered the firm’s price target on Plug Power (PLUG) to $1 from $2 and keeps an Equal Weight rating on the shares. The firm cites higher-than-forecasted share dilution from Plug Power’s recent equity offering. Initial draft proposal from Ways & Means eliminates 45V tax credit starting in 2026, Wells notes.
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Read More on PLUG:
- Plug Power price target lowered to 80c from $1.10 at Piper Sandler
- Plug Power price target lowered to $1 from $1.15 at Susquehanna
- Plug Power price target lowered to $3.50 from $5 at Roth Capital
- Plug Power price target lowered to $1 from $1.25 at Canaccord
- Plug Power’s Strategic Growth and Margin Improvement Drive Buy Rating
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