Revenue Meets Upper Estimates While Adjusted EBITDA Margin Exceeds Expectations
Plug Power Inc (NASDAQ:PLUG) shares tanked in early trading on Friday, after the company reported disappointing results for the first quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways. Piper Sandler On Plug Power Analyst Kashy Harrison maintained an Underweight rating while reducing the price target from $2.90 to $2.50. Plug Power reported a 43% year-on-year decline in first-quarter revenues, missing expectations "due to timing of electrolyzer site c
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