Analysts cut Plug Power price targets, sending shares lower
Morgan Stanley lowered its price target for Plug Power to $1.20 from $1.65, while Susquehanna reduced its target to $1.75 from $2.50. The cuts followed Plug Power's Q2 2026 earnings beat, which showed revenue of $178.3 million and an adjusted loss of $0.07 per share. The stock fell 7.05% to $1.45 on the day, with trading volume of 81.5 million shares.
Why it matters
The lower targets signal analysts' concerns about long‑term hydrogen adoption and margin pressure, which could keep the share price under pressure. Investors may also watch the upcoming Q3 earnings for signs that gross margin improvement and revenue growth can sustain the revised outlook.
Key facts
- 1Morgan Stanley cut its price target to $1.20 from $1.65. investing.com
- 2Susquehanna cut its price target to $1.75 from $2.50. finance.yahoo.com
- 3Plug Power reported Q2 2026 revenue of $178.3 million. investing.com
- 4Plug Power reported an adjusted loss per share of $0.07 for Q2 2026. investing.com
- 5The stock closed at $1.45, down 7.05%. finance.yahoo.com
- 6Trading volume was 81.5 million shares, about 52% above its three‑month average. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.