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Stock impact report

Is Plug Power (PLUG) One of the Best US Penny Stocks to Buy? [Yahoo! Finance]

Plug Power, Inc. (PLUG) 
Last plug power, inc. earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.plugpower.com/home/default.aspx
Company Research Source: Yahoo! Finance
Inc. (NASDAQ:PLUG) from Hold to Buy but also lowered its price target from $3.50 to $3.00. The research firm that the stock now offers “attractive upside potential” from the current stock price. Clear Street noted that the opportunity is now more compelling than when Plug Power Inc. (NASDAQ:PLUG) was trading at around $4.00 in early October. Clear Street cut the price target mainly because of dilution from the company's convertible refinancing, which was completed in late November. The firm also applied a slightly lower valuation multiple to its 2027 sales forecast. The new price target of $3.00 is based on a valuation of 4 times expected enterprise value to sales, using Clear Street's 2027 sales estimate of $1.07 billion. According to the research firm, this valuation is still slightly higher than Plug Power Inc.'s (NASDAQ:PLUG) three-year historical average. Clear Street's analysis suggests that this premium valuation reflects expected cost savings, a lower annual cash burn ra Show less Read more
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