Plug Power Inc Stock Price Target Raised To $4.75 By Roth Capital

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Plug Power Inc Stock Price Target Raised To $4.75 By Roth Capital

In a research note issued yesterday, Roth Capital analyst Philip Shen maintained coverage with a Neutral rating on shares of Plug Power Inc (NASDAQ:PLUG) and raised his price target to $4.75 (from $3.75). The report follows three days of investor meetings with PLUG CEO Andy Marsh.

Plug Power to meet 2014 revenue guidance?

Shen noted, “Overall, we came away more confident that PLUG can meet its 2014 revenue guidance and bookings target. While the company appears to be reaching a true inflection point with large customers, we still worry about valuation and investor expectations getting ahead of guidance”. He continued, “In our view, body language was positive on shipment execution during Q2/Q3. We believe PLUG is targeting deployment at four sites during Q3, which would imply shipments of ~1,000 units (assuming 250 units per site) vs. ROTHe of 850 units. As a result we have greater confidence in our Q2 revenue estimate of $16.9mn and see potential for upside to our Q3 revenue estimate. PLUG continues to expect $150mn in bookings during 2014, with $80mn booked through Apr’14?.

Bonhoeffer Fund July 2022 Performance Update

Screenshot 27Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%.   Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More

According to TipRanks.com, which measures analysts and bloggers success rate based on how their calls perform, analyst Philip Shen currently has an average return