Plug Power Inc. (NASDAQ:PLUG) is one of the 10 Best US Stocks Under $5 to Buy. On April 28, Clear Street increased its price target on Plug Power Inc. (NASDAQ:PLUG) from $3 to $3.50 and kept its Buy rating on the stock.
The research firm updated its estimates for the company. It lowered its revenue expectations for the first half of the year but raised its forecasts for the second half. For the March quarter, Clear Street expects Plug Power Inc. (NASDAQ:PLUG) to report sales growth of 8%, reaching $144 million.
For the full year 2026, Clear Street projects revenue to grow by 15% to $817 million. However, this is 2% lower than its previous forecast. The firm now also expects Plug Power Inc.’s (NASDAQ:PLUG) adjusted EBITDA losses in 2026 and 2027 to be smaller than previously expected, supported by an improved gross margin outlook.
According to Clear Street, the company’s cost-saving program is expected to help improve its financial performance.
Plug Power Inc. (NASDAQ:PLUG) is a global company specializing in hydrogen fuel-supply solutions. It provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to various industries, including material handling, industrial applications, and energy producers.
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