Plug Power Shares Could Surge 70% as Analyst Turns Bullish

After years of persistent losses, investors in Plug Power are hoping the hydrogen fuel cell company is finally approaching a turning point. This optimism received a significant boost as investment firm Craig-Hallum dramatically doubled its price target for the stock to $4. This bold move raises a critical question: can the hydrogen pioneer truly escape its financial difficulties and achieve profitability?

The landscape on Wall Street remains divided regarding Plug Power’s prospects. Despite Craig-Hallum’s highly optimistic stance, other analysts maintain varying degrees of caution.

Current Analyst Ratings and Targets:
– Most Bullish Target: $5.00
– Highest Recent Upgrade: $4.00 (Craig-Hallum)
– Consensus Price Target: $2.08, up from $1.97 previously
– Most Bearish Stance:... Read more...