Canaccord reiterates Hold on Plug Power stock after Q4 results
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Stocks recover a chunk of their losses, still in the red on Middle East conflict Gold slips on stronger dollar; safe haven demand remains high amid Iran conflict Oil pares some gains as Trump says U.S. to escort tankers through Strait of Hormuz JPMorgan names winner and loser sectors from Iran conflict (South Africa Philippines Nigeria) Canaccord reiterates Hold on Plug Power stock after Q4 results By Analyst Ratings Published 03/03/2026, 03:14 PM Canaccord reiterates Hold on Plug Power stock after Q4 results 0 PLUG 27.35% Investing.com - Canaccord Genuity reiterated a Hold stock rating and $2.50 price target on Plug Power Inc. (NASDAQ:PLUG) following the company’s fourth-quarter fiscal 2025 results. The hydrogen fuel cell company’s fourth-quarter revenue exceeded expectations, with the company achieving positive gross margin for the period. Plug Power met its quarterly gross margin goal as outlined in prior guidance. The quarterly improvement marks a notable shift, as the company’s gross profit margin over the last twelve months stood at negative 37.6%, with a market capitalization of $3.27 billion. Management said the company remains on track to reach adjusted EBITDA profitability in the fourth quarter of 2026. The timeline represents a key milestone in the company’s path to sustained profitability. Canaccord noted potential for continued margin improvement, balance sheet strengthening, and revenue pipeline growth. The firm said these factors position the stock for possible outperformance. The company reported 12.9% revenue growth over the last twelve months, though InvestingPro analysis suggests the stock is currently overvalued relative to its Fair Value, with a "WEAK" financial health score of 1.12. The firm maintained its Hold rating despite upside implied by the price target, citing execution risks. Canaccord said it is waiting for additional proof points before changing its rating. For deeper insights...
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