Morgan Stanley analyst David Arcaro maintained a Sell rating on Plug Power today and set a price target of $1.50. The company’s shares closed yesterday at $3.85.
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According to TipRanks, Arcaro is a 5-star analyst with an average return of 15.7% and a 67.84% success rate. Arcaro covers the Utilities sector, focusing on stocks such as PG&E, Edison International, and Vistra Energy.
In addition to Morgan Stanley, Plug Power also received a Sell from BMO Capital’s Ameet Thakkar in a report issued yesterday. However, on October 13, Susquehanna maintained a Hold rating on Plug Power (NASDAQ: PLUG).
Based on Plug Power’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $173.97 million and a GAAP net loss of $227.1 million. In comparison, last year the company earned a revenue of $143.35 million and had a GAAP net loss of $262.33 million
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