Plug Power (PLUG) Stock: $28 Target And Overweight Rating

By Amit Chowdhry ● Jul 5, 2022
  • The shares of Plug Power Inc (NASDAQ: PLUG) have received a $28 price target from JPMorgan. These are the details.

The shares of Plug Power Inc (NASDAQ: PLUG) have received a $28 price target from JPMorgan. And JPMorgan analyst Paul Coster is maintaining an “Overweight” rating on the shares. 

Coster adjusted the rating while updating the model to account for revenues this year being more back half-weighted than prior expectations as well as persistent margin headwinds in Plug Power’s fueling and service operations as a result of elevated natural gas prices. 

But going forward, Coster continues to believe that Plug Power will be a core holding for those playing the broader hydrogen theme.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.