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Northland Securities upgrades Plug Power to ‘buy’ despite losses in Q1 2023
Image Source: Pexels
Plug Power, a green hydrogen producer, received a revised rating from Northland Securities. The company focuses on building an end-to-end green hydrogen ecosystem.
Refinitiv data suggests that 31 analysts have covered the stock, of which seven have given it a ‘strong buy’ rating, fourteen have given is a ‘buy’ rating and ten have given it a ‘hold’ rating. None of the analysts have given the stock a ‘sell’ or ‘strong sell’ rating.
Analysts at Northland Securities bumped Plug Power to an ‘outperform’ rating from its previous ‘hold’ rating. The rating renewal came a day after PLUG’s shares saw an increase of around 10% on July 13, 2023.
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