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Susquehanna Sticks to Its Hold Rating for Plug Power (PLUG)

Tipranks - Tipranks - Fri Apr 10, 7:48AM CDT

In a report released today, Charles Minervino from Susquehanna maintained a Hold rating on Plug Power, with a price target of $2.75.

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Minervino covers the Energy sector, focusing on stocks such as TechnipFMC, Baker Hughes Company, and Devon Energy. According to TipRanks, Minervino has an average return of 14.3% and a 61.32% success rate on recommended stocks.

In addition to Susquehanna, Plug Power also received a Hold from TipRanks – OpenAI’s OpenAI Electrical Equipment and Parts in a report issued yesterday. However, on April 2, Craig-Hallum maintained a Buy rating on Plug Power (NASDAQ: PLUG).

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Based on Plug Power’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $225.22 million and a GAAP net loss of $845.97 million. In comparison, last year the company earned a revenue of $191.47 million and had a GAAP net loss of $1.34 billion

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