In Tuesday's morning summary, FBR Capital analyst Aditya Satghare initiated coverage of Plug Power PLUG with an Outperform rating and an $8 price target.
"We believe that Plug Power has successfully made the transition from the early introduction of fuel cell power packs in material handling systems to offering complete hydrogen-based solutions for a wide range of material handling applications," commented Satghare.
As possible catalyst, Satghare pointed to new order wins in the U.S., potential expansion in Europe and the roll-out of a hydrogen delivery solution.
Shares of Plug have risen more than 13 percent early in Tuesday's session.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.