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Benzinga
Benzinga
Business
Shanthi Rexaline

Why This Plug Power Analyst Is Undeterred By Q1 Miss; 'Valuation Deserves To Be At High-end Of Peer Group Range'

Plug Power, Inc. (NASDAQ:PLUG) stock plunged to its lowest level in about a year-and-a-half following the release of its quarterly results. An analyst at KeyBanc Capital Markets, however, isn't too worried about the near-term noise.

The Plug Power Analyst: Leo Mariani maintained an Overweight rating and $40 price target for Plug Power shares.

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