Plug Power Stock Has 133% Upside, According to 1 Wall Street Firm
PLUGPlug Power(PLUG) The Motley Fool·2024-03-09 16:38

Plug Power (PLUG 3.08%) reported 2023 earnings last week, and the news was not good. Missing both sales and earnings estimates, Plug reported a loss of 2.30persharefortheyear402.30 per share for the year -- 40% worse than expected. Investors initially sold off the stock on this news, but then there was good news. Citing plans to create and sell 1 billion-worth of new stock, and then secure a new $1.6 billion Department of Energy loan, Plug announced its "going concern" warning from last quarter had vanished and it now had all th ...