Who initiated coverage of Plug Power (PLUG) ahead of its earnings results? Northland analyst Abhishek Sinha, that’s who, beginning coverage of the stock with a Market Perform (i.e. Neutral) rating, and a $25 price target, just ahead of the company’s Q2 2022 financial results next Tuesday, August 9. Tl;dr? He wasn't entirely thrilled with what he found. "PLUG is diving deep into the hydrogen market and has a strong balance sheet to support its envisioned growth," began Sinha. However, while this sounds good in theory, "the hydrogen market is fraught with uncertainties.
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Plug Power (NASDAQ:PLUG)
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