In a report released on August 10, Chris Dendrinos from RBC Capital maintained a Buy rating on Plug Power (PLUG – Research Report), with a price target of $12.00. The company’s shares closed last Friday at $9.11.
Dendrinos covers the Energy sector, focusing on stocks such as Plug Power, Westport Fuel Systems, and Bloom Energy. According to TipRanks, Dendrinos has an average return of -9.9% and a 14.29% success rate on recommended stocks.
In addition to RBC Capital, Plug Power also received a Buy from H.C. Wainwright’s Amit Dayal in a report issued on August 10. However, on August 11, Truist Financial maintained a Hold rating on Plug Power (NASDAQ: PLUG).
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Based on Plug Power’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $216.29 million and a GAAP net loss of $236.4 million. In comparison, last year the company earned a revenue of $116.23 million and had a GAAP net loss of $173.3 million
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New York-based Plug Power, Inc. is an electrical equipment manufacturing company. It develops hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity.
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