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Plug Power initiated with a Buy at UBS

Plug Power initiated with a Buy at UBS

UBS analyst Manav Gupta initiated coverage of Plug Power with a Buy rating and $26 price target. Hydrogen could be a $10T market by 2030 and Plug "aims to be a one stop shop and market leader in the space," said Gupta. The analyst, who forecasts $5B in sales by 2026, argues that investors are underappreciating the growth potential.

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