Warning: This Analyst Is ‘Pulling the Plug' on Plug Power (PLUG) Stock

While Plug Power (NASDAQ:PLUG) stock jumped 30% on Jan. 23 on hopes of it receiving a government loan, some analysts are telling investors to “pull the plug.”BMO Capital cut its rating to “underperform,” predicting Plug Power will need new capital before it can get the $1.6 billion loan it’s seeking from the Department of Energy. Plug Power opened this morning at $3.76 per share, a market capitalization of about $2.22 billion on estimated 2023 sales of $900 million. Over the last year, PLUG stock has fallen ...