Plug Receives $1.66 Billion Conditional Commitment Loan Guarantee From Department of Energy for Green Hydrogen Development Pipeline

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Go back to Plug Receives $1.66 Billion Conditional Commitment Loan Guarantee From Department of Energy for Green Hydrogen Development Pipeline

BMO Capital Reiterates Underperform Rating on Plug Power (PLUG)

May 14, 2024 9:49 AM EDT

BMO Capital analyst Ameet Thakkar reiterated an Underperform rating and $2.50 price target on Plug Power (NASDAQ: PLUG).

The analyst comments "Plug Power announced earlier receipt of conditional commitment from DOE's Loan Programs Office for an up to $1.66 billion loan guarantee. Timing to... More

RBC Capital Comments on Plug Power (PLUG) DOE Conditional Commitment Loan

May 14, 2024 9:01 AM EDT

RBC Capital analyst Chris Dendrinos reiterated a Sector Perform rating and $3.50 price target on Plug Power (NASDAQ: PLUG).

The analyst comments "The receipt of a conditional commitment marks a big step forward in the loan approval process. The term sheet outlines key financial and commercial terms and conditions that must be satisfied prior to the issuance and funding, which PLUG is now working through. The next hurdle is the NEPA permitting process which PLUG is going through for its... More