"Plug Power Stock Surges After Resolving Going-Concern Issue and Meeting Wall Street Expectations"

1 min read
Source: Yahoo Finance
"Plug Power Stock Surges After Resolving Going-Concern Issue and Meeting Wall Street Expectations"
Photo: Yahoo Finance
TL;DR

Despite underperforming the market, one Wall Street analyst believes Plug Power stock has a 16% upside, setting a price target of $4 based on the company's hydrogen production announcement. However, caution is advised as the company reported a steep loss in its recent financial results, and its inability to generate profit and organic cash flow remains a concern. The Motley Fool Stock Advisor team did not include Plug Power in their list of top stocks to buy, emphasizing the need for careful consideration before investing.

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