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BMO Capital Sticks to Its Sell Rating for Plug Power (PLUG)
BMO Capital analyst Ameet Thakkar maintained a Sell rating on Plug Power today and set a price target of $1.00.
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According to TipRanks, Thakkar is an analyst with an average return of -6.5% and a 50.37% success rate. Thakkar covers the Technology sector, focusing on stocks such as First Solar, Enphase Energy, and SolarEdge Technologies.
Currently, the analyst consensus on Plug Power is a Hold with an average price target of $2.71.
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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