PLUG Stock: $42 Target By Evercore

By Amit Chowdhry ● April 20, 2021
  • The shares of Plug Power Inc (NASDAQ: PLUG) have received a $42 price target by Evercore. These are the details.

The shares of Plug Power Inc (NASDAQ: PLUG) have received a $42 price target by Evercore. And Evercore analyst James West had initiated coverage of Plug Power with an “Outperform” rating.

West pointed out that Plug Power’s recent commercial developments are considered a prescient move towards becoming a global leader in the generation, liquefaction, and distribution of green hydrogen. And West believes that significant value in the shares at the current levels. Plus he views Plug Power as a strong company with a “defensible and growing business with long-term franchise value.”

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