PLUG Stock Price: $49 Target From Craig-Hallum

By Amit Chowdhry ● June 23, 2021
  • The shares of Plug Power Inc (NASDAQ: PLUG) have received a $49 price target from Craig-Hallum. These are the details.

The shares of Plug Power Inc (NASDAQ: PLUG) have received a $49 price target from Craig-Hallum. And Craig-Hallum analyst Eric Stine reiterated a “Buy” rating on the company shares.

Stine cited Stine Plug Power’s report of its mixed first-quarter results and the filing of its 10-Q making it current its financials — which removes a “substantial share overhang.” Stine acknowledged that the company will continue seeing margin headwinds in the near term, but he believes that the main focus should be on the reiteration of the FY 21, FY 22, and FY 24 guidance. 

JPMorgan had issued a bullish report on Plug Power as well. JPMorgan analyst Paul Coster raised the price target from $47 to $51. And Coster is maintaining an “Overweight” rating on the company shares.

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