- Piper Sandler analyst Pearce Hammond upgraded Plug Power Inc (NYSE:PLUG) to Overweight from Neutral with an unchanged price target of $33, implying an upside of 22.6%.
- Hammond mentions the recent pullback in the shares offers an attractive entry point as the company has “tremendous forward momentum” on its green hydrogen plans as well as electrolyzer sales.
- The analyst believes the upcoming analyst day should be a positive catalyst for the stock.
- Recently, the company announced expanding its green hydrogen ecosystem to the west coast with the construction of a new state-of-the-art production facility in Fresno County, California.
- Related Content: Plug Power To Build Hydrogen Production Facility In California: What You Need To Know.
- Price Action: PLUG shares are trading higher by 5.13% at $28.3 during the premarket session on Thursday.
nLight Q2 Adj. EPS $0.09 Beats $0.07 Estimate, Sales $69.11M Beat $65.80M Estimate
nLight (NASDAQ:LASR) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.07 by 28.57 percent. The company reported quarterly sales of $69.11 million which beat the analyst
