Valuation-Heavy Fuel Cell Names See Profit Taking (BLDP) (PLUG) (FCEL)
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Cowen Downgrades Plug Power (PLUG) to Market Perform; Valuation Full, But FY14 Still Has Potential
March 14, 2014 9:49 AM EDTCowen and Company downgrades Plug Power (Nasdaq: PLUG) from Outperform to Market Perform, but raises its price target from $5.50 up to $7.50 following Q4 results.
Analyst Robert Stone commented that targeted bookings of $150 million in 2014 could yield a year-end backlog of $130 million, which... More
Roth Cuts Plug Power (PLUG) to Neutral; Valuation Full, N-T Risks Remain
March 14, 2014 8:45 AM EDTRoth downgrades Plug Power (Nasdaq: PLUG) from Buy to Neutral, while maintaining its $8 price target.
Analyst Philip Shen sees Plug Power shares as fully valued at current levels, ebbing of bookings growth, and near-term execution risks on the radar.
Shen noted that year-to-date bookings were $60... More
