Morgan Stanley analyst David Arcaro raised the firm’s price target on Plug Power (PLUG) to $1.50 from 75c and keeps an Underweight rating on the shares. Ahead of Q3 earnings for the firm’s Clean Tech coverage and renewable developers, the firm expects safe harbor volumes and orders to begin flowing through to both residential and utility-scale U.S. solar equipment manufacturers and expects tariff impacts to again be a point of questioning for management teams, the analyst tells investors in a preview for the group.
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:
- Plug Power CEO to join Senator Bill Cassidy at Louisiana Energy Security Summit
- Mixed options sentiment in Plug Power with shares down 4.69%
- Plug Power price target raised to $3.50 from $1.80 at Susquehanna
- Why Plug Power’s (PLUG) Hot Streak is Running Out of Steam
- Mixed options sentiment in Plug Power with shares down 6.35%