Seaport Research lowered the firm’s price target on Plug Power (PLUG) to 75c from $1 and keeps a Sell rating on the shares. The firm believes the company remains “too broad and busy,” and seems set to generate negative cash flow from operations through 2026, the analyst tells investors.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLUG:
- STEF Group recently launches two hydrogen projects with Toyota, Plug Power
- Plug Power ‘primed for squeeze,’ says H.C. Wainwright
- Plug Power Positioned for Growth Amid Strategic Financing and Regulatory Tailwinds
- Plug Power CEO committed to accept 50% of his annual salary in form of stock
- Plug Power prices 46.5M shares at $1.51 in upsized underwritten offering