Reported 2 days ago
Susquehanna analyst Charles Minervino has increased the price target for Plug Power (PLUG) from $1.00 to $1.80, while maintaining a Neutral rating due to uncertainties in the alternative energy sector, particularly regarding tariffs and subsidy rule changes from the Inflation Reduction Act. Despite this upward revision, the firm remains cautious as the market for Plug Power and similar companies remains unpredictable, preferring those with strong U.S. manufacturing bases and solid order backlogs. Investors are advised to monitor policy changes and market conditions closely.
Source: YAHOO