Plug Power price target raised to $3.50 from $3 at Clear Street

Clear Street analyst Tim Moore raised the firm’s price target on Plug Power (PLUG) to $3.50 from $3 and keeps a Buy rating on the shares as part of a Q1 earnings preview. The firm trimmed Plug’s first half of 2026 revenue forecasts and increased its second half numbers. It cites the company’s continued order wins momentum over the past six months and “adequate liquidity” to fund near-term cash burn until free cash flow is likely achieved in 2028 for the target boost.