green hydrogen fuel cell systems
Search documents
Roth/MKM Asserts Plug Power Inc. (PLUG) ‘Buy’ Rating on Booming Business
Yahoo Finance· 2025-09-11 17:15
Core Viewpoint - Plug Power Inc. is recognized as a promising investment in the clean energy sector, particularly due to its hydrogen fuel cell systems and recent positive developments in production and project activity [1][2]. Group 1: Company Overview - Plug Power Inc. designs, manufactures, and sells green hydrogen fuel cell systems and infrastructure, creating a comprehensive ecosystem for hydrogen production, storage, and delivery [4]. - The company is involved in various aspects of the hydrogen supply chain, including electrolyzers, liquefaction, storage, transportation, and dispensing systems [4]. Group 2: Market Performance and Analyst Insights - Despite a year-to-date stock decline of approximately 36%, analysts at Roth/MKM maintain a 'Buy' rating with a price target of $3.50, emphasizing the underappreciation of Plug Power's large electrolyzer projects [1][3]. - The research firm highlights significant production activity at the Vista facility and the impact of larger materials handling orders and the GenSure project on the company's business growth [2]. - Roth/MKM anticipates that one of Plug Power's projects will utilize production capacity for several years, which is expected to accelerate EBITDA growth [3].