Plug Power price target lowered to $2 from $2.20 at Jefferies

Jefferies lowered the firm’s price target on Plug Power to $2 from $2.20 and keeps a Hold rating on the shares. The firm thinks shares will remain under pressure in the near-term, with a muted reaction expected around Q3 earnings, as investors focus on a path to stable liquidity, 45V guidance, and the 2025 outlook, the analyst tells investors in a preview note.