Kaviaar schreef op 14 juli 2023 15:24:
Plug Power (PLUG) stock headed for a sixth straight gain on Friday, after an analyst upgrade and news Thursday that the hydrogen fuel cell provider landed a major green hydrogen deal in Europe.
Northland analyst Abhishek Sinha upgraded Plug Power stock to an outperform rating, up from market perform, on Friday. The firm has a 22 price target on PLUG, well above Thursday's closing price of 12.36.
Sinha wrote that Plug Power, which has yet to report a quarterly profit, appears to be on a "clear path to cash flow generation" with "every incremental deal announcement." The analyst added the firm sees break-even margins by the end of 2023 and that PLUG should generate cash flow next year.
www.investors.com/news/plug-power-sto...