Plug Power Inc (NYSE: PLUG) shares are trading lower Monday. The stock appears to be reacting negatively to cautious analyst coverage.
What To Know: Plug shares are making new 52-week lows on Monday following a price target cut from Truist Securities on Friday.
Truist analyst Jordan Levy reiterated a Hold rating and lowered the price target from $9 to $8 ahead of the company's upcoming symposium on Oct. 11. The analyst's updated estimates reflect more moderate sequential growth in the third quarter due to production timing in the second half of the year and electrolyzer shipments more weighted for ...