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

TL;DR Summary
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.
Topics:business#finance#hydrogen-production#plug-power#stock-market#truist-financial#wall-street-analyst
- Plug Power Stock Has 16% Upside, According to 1 Wall Street Analyst Yahoo Finance
- Truist Sets Expectations for Plug Power Stock Ahead of Earnings - TipRanks.com TipRanks
- Plug Power resolves ‘going-concern’ issue, but latest results underwhelm MarketWatch
- Plug Power Shares Surge as Firm Says It's No Longer at Risk of Shutting Down Investopedia
- Plug Power Says Going-Concern Risk ‘No Longer Exists.’ Barron's
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