Replies to post #14750 on Keeping It Simple

[eastunder]

RBC Downgrades Plug Power to Sector Perform From Outperform, Adds Speculative Risk Qualifier, Cuts Price Target to $5 From $12 on Limited Visibility, Margin Pressures

Plug Power Third-Quarter Results Impacted by Hydrogen Supply Constraints as RBC Downgrades Stock Rating
9:01 AM ET, 11/10/2023 - MT Newswires
09:01 AM EST, 11/10/2023 (MT Newswires) -- Plug Power's (PLUG) third-quarter results were weighed down by hydrogen supply constraints, impacting as much as one-third of its US liquid hydrogen supply, RBC Capital Markets said in a note emailed Friday.

The maker of hydrogen fuel cells late Thursday posted a net loss of $0.47 per share for the September quarter, widening from a per-share loss of $0.30 a year earlier, and missing the Capital IQ-polled consensus of $0.31. Revenue grew to $198.7 million from $188.6 million, but trailed the Street's view for $221.7 million.

The company faced another quarter of large scale hydrogen supply shortages from force majeure, resulting in delayed deployments and service margin improvement, as well as limited product sales, according to RBC. The investment firm anticipates continued margin pressure and product delivery delays through the end of the year, with meaningful relief not expected until the first quarter of 2024.

[eastunder]

Susquehanna Adjusts Price Target on Plug Power to $9 From $13, Maintains Positive Rating

8:57 AM ET, 11/10/2023 - MT Newswires
08:57 AM EST, 11/10/2023 (MT Newswires) -- Plug Power (PLUG) has an average outperform rating and a price target range of $5 to $37, according to analysts polled by Capital IQ.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 3.8, Change: -2.13, Percent Change: -35.92