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H.C. Wainwright Lifts Plug Power Price Target To $7, Keeps Buy Rating
Financial Modeling Prepยท 2025-10-03 18:40
Group 1 - H.C. Wainwright raised its price target on Plug Power to $7.00 from $3.00 while maintaining a Buy rating [1] - The increase in electricity costs and growing regulatory and market support for nuclear energy are driving the competitiveness of green hydrogen [1] - U.S. Energy Information Administration data shows that residential, commercial, and industrial power rates rose by 6.6%, 4.8%, and 5.1% respectively over the past year, with some regions experiencing double-digit increases [1] Group 2 - Higher energy prices and increasing demand for data centers are strengthening the economics of green hydrogen [2] - The U.S. government's nuclear power targets include 35 GW of new capacity by 2035 and 200 GW by 2050, which could support hydrogen adoption [2] - The potential of small modular reactors to enable cost-effective hydrogen production and electrolyzers to enhance grid stability was highlighted by analysts [2]