Plug Power (NASDAQ:PLUG) PT Raised to $2.90

Plug Power NASDAQPLUG is an electronics company that designs and manufactures power solutions for electric vehicles (EVs) and other applications. The company's products include battery systems, charging equipment, and software solutions.

On Tuesday, equities research analysts at Piper Sandler issued a research report to clients and investors, raising their price objective for Plug Power NASDAQPLUG from $2.80 to $2.90. This means that they believe the stock is undervalued and could potentially increase in value to reach this new price target.

Piper Sandler currently has an "underweight" rating on Plug Power NASDAQPLUG's stock, which indicates that the firm believes the stock is not a good investment at its current price. However, the company's price objective of $2.90 suggests that they believe the stock could potentially increase in value to reach this new target.

It's important to note that Piper Sandler's research report and price objective are based on their own analysis and opinions, and may not necessarily reflect the views or recommendations of other investment firms or financial advisors. It's always a good idea to do your own research and consider seeking advice from a financial professional before making any investment decisions.