Susquehanna lowered the firm’s price target on Plug Power to $9 from $13 and keeps a Positive rating on the shares. The firm said 3Q results were negatively impacted by hydrogen supply issues across North America. Additionally, commissioning of the liquefier at the Georgia plant continues to face delays. However, management expects to improve its cash burn in 4Q as it works through its heightened inventory and capex declines.
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