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.
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Read More on PLUG:
- Optimistic Buy Rating for Plug Power Driven by Strong Financial Outlook and Strategic Initiatives
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