Wednesday, 24 June 2020

‘Juggernaut’ Plug Power target raised to Street-high $14 at Wainwright

Plug Power (NASDAQ: PLUG) 8.1% pre-market after surging more than 15%the other day following the company’s $123 M purchases that deepen its dedication to hydrogen power.

Plug is “ a clean energy juggernaut emerging,” H.C. Wainwright announces in raising the stock cost target to $14 from $6, mentioning the company’s enhanced assistance for 2024 income, EBITDA and operating earnings guidance of $1.2 B, $250 M and $210 M, compared to $1B, $200 M and $170 M previously.

Also, Cowen hikes its stock price target to $9 from $6, and B. Riley FBR lifts its target to $8 from $7.

PLUG’s typical Wall Street analyst ranking is Bullish, while its Seeking Alpha Authors’ Rating and Quant Ranking are both Neutral.

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source https://jobsearchtips.net/juggernaut-plug-power-target-raised-to-street-high-14-at-wainwright/

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