Canaccord analyst George Gianarikas lowered the firm’s price target on Plug Power to $2.50 from $3 and keeps a Hold rating on the shares. The firm said they are intrigued by the renewed focus on profits and cash from Plug power management. They are just awaiting more stout proof points. They are also awaiting a potential relaxation of 45V guidelines from Treasury; a welcome shift for the US hydrogen industry and one that may prove a chunky catalyst for Plug’s stock.
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