3 Wall Street Analysts Predict 100%+ Upside for Plug Power. Here's Why I'm Not Buying.
Several analysts remain very bullish on Plug Power stock.
Overview
Wall Street is generally upbeat on Plug Power (NASDAQ: PLUG), a popular hydrogen stock. The average price target is currently $3.20, implying nearly 60% in potential upside.
Some analysts are even more bullish. Jason Tilchen of Canaccord Genuity is projecting 97% in near-term upside. Craig Irwin, an analyst at Roth MKM, believes 147% in upside is possible. Meanwhile, Amit Dayal of H.C. Wainwright predicts an impressive 246% growth potential for Plug Power stock.
Details
Despite rosy projections from Wall Street, I'm still not buying Plug Power stock. And there's one major reason why.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.