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Benzinga
Benzinga
Business
Priya Nigam

JPMorgan Cuts Plug Power Price Target By $10 Despite Strong Execution

Although Plug Power Inc.’s (NASDAQ:PLUG) stock came under pressure following the Business Update call, the company seems to be “executing well across its business lines,” according to JPMorgan.

The Plug Power Analyst: Bill Peterson maintained an Overweight rating for Plug Power while reducing the price target from $52 to $42.

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