Craig-Hallum Boosts Price Target on Plug Power (PLUG) Following Strong Q1 Results and Improving Fundamentals

Plug Power Inc. (NASDAQ:PLUG) posted first-quarter gross of $165.5 million, which exceeded the Street’s anticipation of $139.9 million. The steadfast besides reported a narrower-than-expected adjusted nonaccomplishment of $0.08 per share, which topped expert projections of $0.09 per share.

Given Plug Power’s lengthy past of losses, Craig-Hallum pointed retired that successive quarters of considerably amended operating show are impressive.

Craig-Hallum cited a beardown marketplace situation for each of Plug Power’s concern segments, peculiarly income of hydrogen fuel, electrolysis equipment, and worldly handling. The steadfast besides claimed that a little outgo structure, accrued optimization of Plug Power’s hydrogen accumulation footprint, positive a stronger equilibrium sheet, could conscionable fiscal 2026 objectives.

Plug Power Inc. (NASDAQ:PLUG) is an alternate vigor exertion firm. It designs, develops, commercializes, and manufactures hydrogen and substance compartment systems for the worldly handling and stationary powerfulness fields.

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