Plug Power Stock Gets a New Buy Rating Because Hydrogen Tech Is Key

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Plug Power Stock Gets a New Buy Rating Because Hydrogen Tech Is Key

Barrons2021-06-30

The hydrogen economy can help wean the world off carbon-based fossil fuels such as oil and coal. Plug Power stock is one of the best ways to play the shift, according to RBC. Wednesday, analyst Joseph...

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Wengho
·2021-07-01
Pls like my comment
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1
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GIANTOREO
·2021-07-01
Agree
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Francissky
·2021-06-30
Agree, can be better generated as compared to the current green energy that yields too little power
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2
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pch1985
·2021-06-30
Interesting. Like pls
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- 心球队长:
  Hi
  2021-06-30
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dimsumbuffet
·2021-06-30
Like and comment
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2
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- Lewis1983:
  Ok
  2021-07-01
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Kionglee
·2021-06-30
nice
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3
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- Kionglee:
  Nice
  2021-07-25
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cspoh89
·2021-06-30
Hydrogen fusion still need fuel bro
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4
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Alihuat
·2021-06-30
Oh man.. didnt get it low enu..
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- KS_Lee:
  Wait for some retracement.
  2021-06-30
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Airland
·2021-06-30
Give me a coin please
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- T2183coins:
  a coin
  2021-06-30
  Reply
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monikernemo
·2021-06-30
Balalala
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Plu","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLUG":"普拉格能源"},"translate_title":"普拉格能源股票获得新的买入评级，因为氢技术是关键","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLUG":0.9},"content_text":"The hydrogen economy can help wean the world off carbon-based fossil fuels such as oil and coal. Plug Power stock is one of the best ways to play the shift, according to RBC.\nWednesday, analyst Joseph Spak launched coverage of Plug Power (ticker: PLUG) with a Buy rating and $42 price target. Plug stock was up 0.4% at $34.21 in early trading on Wednesday. Futures on the S&P 500 and Dow Jones Industrial Average were flat.\nPlug Power makes fuel cells that can run on hydrogen gas. Hydrogen doesn’t generate any carbon dioxide, the main gas blamed for climate change, when burned or used in a fuel cell to generate electricity. 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The company trades for about 18 times Spak’s estimated annual sales. “The market has looked to Plug as a proxy for hydrogen economy growth,” Spak said. “But the growth is significant, which helps justify the valuation.”\nHis $42 price target is based in part on a discounted cash flow model, which projects cash flows far into the future, as well as a 35 times multiple on the Ebitda of $537 million he projects for 2025. In 2021, Plug is projected to have negative Ebitda—earnings before interest, taxes, depreciation and amortization—and about $85 million in Ebitda in 2022.\nDespite the high valuation, Plug remains a popular stock on Wall Street. With the new Buy rating, two-thirds, or 67%, of analyst covering the stock rate the shares at Buy. The average Buy-rating ratio for stocks in the S&P 500 is roughly 55%.\nAt about $45 a share, the average analyst price target is a little higher than Spak’s call of $42. 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Like pls&nbsp;","listText":"Interesting. Like pls&nbsp;","text":"Interesting. Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151101945","repostId":1123014745,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5082780,"gmtCreate":1625066565066,"gmtModify":1663230343439,"authorId":3578543471370104,"author":{"id":3578543471370104,"authorId":3578543471370104,"name":"心球队长","avatar":"https://static.tigerbbs.com/e854666fe16cc40b3c5446dd51838f7e","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches 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"}],"langContent":"EN"},{"id":151372422,"gmtCreate":1625065756766,"gmtModify":1703735369483,"author":{"id":"3582022424820445","authorId":"3582022424820445","authorIdStr":"3582022424820445","name":"dimsumbuffet","avatar":"https://static.tigerbbs.com/fe06b97e9acc496fa00bcd782dff161d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582022424820445"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151372422","repostId":1123014745,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5085008,"gmtCreate":1625093585152,"gmtModify":1663230353130,"authorId":3570667103076911,"author":{"id":3570667103076911,"authorId":3570667103076911,"name":"Lewis1983","avatar":"https://static.tigerbbs.com/099e9d25c1e6a93e2189500df30fc185","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151372422,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":151371442,"gmtCreate":1625065657986,"gmtModify":1703735365029,"author":{"id":"3585476576346602","authorId":"3585476576346602","authorIdStr":"3585476576346602","name":"Kionglee","avatar":"https://static.tigerbbs.com/14cdefac3bae8def6c8367f7ecc870d4","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3585476576346602"},"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151371442","repostId":1123014745,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5323243,"gmtCreate":1627194978459,"gmtModify":1663231460150,"authorId":3585476576346602,"author":{"id":3585476576346602,"authorId":3585476576346602,"name":"Kionglee","avatar":"https://static.tigerbbs.com/14cdefac3bae8def6c8367f7ecc870d4","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151371442,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":151326138,"gmtCreate":1625064535124,"gmtModify":1703735325746,"author":{"id":"3584266379916990","authorId":"3584266379916990","authorIdStr":"3584266379916990","name":"cspoh89","avatar":"https://static.tigerbbs.com/d95a79111efcfb13daa199475d76a12a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584266379916990"},"htmlText":"Hydrogen fusion still need fuel bro","listText":"Hydrogen fusion still need fuel bro","text":"Hydrogen fusion still need fuel bro","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151326138","repostId":1123014745,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151321752,"gmtCreate":1625064491476,"gmtModify":1703735322805,"author":{"id":"3575407991823828","authorId":"3575407991823828","authorIdStr":"3575407991823828","name":"Alihuat","avatar":"https://static.tigerbbs.com/d450d741a6a78a315c768cda177843d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575407991823828"},"htmlText":"Oh man.. didnt get it low enu..","listText":"Oh man.. didnt get it low enu..","text":"Oh man.. didnt get it low enu..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151321752","repostId":1123014745,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5082717,"gmtCreate":1625066252955,"gmtModify":1663230347046,"authorId":3579578865458065,"author":{"id":3579578865458065,"authorId":3579578865458065,"name":"KS_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151321752,"type":1,"supId":0,"prevId":0,"content":"Wait for some retracement.","text":"Wait for some retracement.","html":"Wait for some retracement."}],"langContent":"EN"},{"id":151329116,"gmtCreate":1625064431935,"gmtModify":1703735319213,"author":{"id":"3581989078925763","authorId":"3581989078925763","authorIdStr":"3581989078925763","name":"Airland","avatar":"https://static.tigerbbs.com/7bdb66993de605ced4fc58e90a90b0e2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581989078925763"},"htmlText":"Give me a coin please","listText":"Give me a coin please","text":"Give me a coin 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