BMO Capital analyst Ameet Thakkar raised the firm’s price target on Plug Power (PLUG) to $1.30 from $1.20 and keeps an Underperform rating on the shares. The company’s Q3 results demonstrated some “needed progress” as cash burn declined, even though it “remains unsustainable”, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLUG:
- Optimistic Buy Rating for Plug Power Driven by Strong Financial Outlook and Strategic Initiatives
- Plug Power price target raised to $2.50 from $1.25 at Canaccord
- Plug Power Inc. Reports Strong Q3 2025 Results
- Plug Power’s Strategic Advancements and Strong Market Demand Justify Buy Rating
- Plug Power Reports Strong Q3 2025 Revenue Growth