Plug Power's stock fell 1% amid brokerage downgrades, missing Q2 EPS and revenue estimates.
Plug Power's stock (NASDAQ: PLUG) fell 1% amid several brokerage downgrades, with firms like Royal Bank of Canada and Wells Fargo issuing 'sell' or 'hold' ratings. The average price target is $5.19, reflecting a consensus "Hold" rating from 27 analysts. The company reported a Q2 loss of $0.36 EPS, missing estimates, and a year-over-year revenue decline of 44.9%. Plug Power specializes in hydrogen and fuel cell solutions across various sectors.
September 14, 2024
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