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Plug Power (PLUG) Receives a Buy from B.Riley FBR Ryan Adist-August 10, 2018, 4:15 PM EDT In a report released today, Carter Driscoll from B.Riley FBR reiterated a Buy rating on Plug Power (NASDAQ: PLUG), with a price target of $3.50. The company’s shares opened today at $1.91. Driscoll noted: “Solid 2Q with expected breakeven in 3Q. Plug Power (PLUG) reported a modest 2Q beat, delivering revenues of $39.9M (up 75% Y/Y), adjusted gross margin of 8.1%, and adjusted EPS of ($0.08), with all metrics beating our estimates modestly. 2Q18 revenue growth was driven by a ~141% increase Y/Y in core fuel cell systems and infrastructure. We anticipate an even better 2H18 driven by Amazon and WalMart ramping deployments, leading PLUG closer to EBITDAS breakeven, a key company goal for 2018. PLUG discussed installing 150 units at a major U.S. retailer in 2Q, which we believe may be Home Depot. PLUG had its products qualified at a global system integrator for use as a backup power system, demonstrating the breadth and number of customers is growing.” According to TipRanks.com, Driscoll has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.3% and a 35.0% success rate. Driscoll covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Amer Superconductor, and Canadian Solar Inc. Plug Power has an analyst consensus of Moderate Buy, with a price target consensus of $3.75, implying a 96.3% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $4 price target. https://www.smarteranalyst.com/brief/plug-power-plug-receive… Ardea Resources "world’s largest cobalt resource" ???? | wallstreet-online.de - Vollständige Diskussion unter: https://www.wallstreet-online.de/diskussion/1247765-111-120/… |
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| aus der Diskussion: | Plug Power - Meinungen, Kommentare und Chartansichten |
| Autor (Datum des Eintrages): | Shanghai2006 (12.08.18 08:09:26) |
| Beitrag: | 5,140 von 38,531 (ID:58428330) |
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