Plug Power Inc
PLUG: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$2.00 | Ffjtm | Dnwmc |
Plug Power: Focus Remains on Financing Plans, Clarity on Green Hydrogen Tax Credit
We maintain our $11.50 per share fair value estimate for no-moat Plug Power following its annual Plug Symposium. We see shares as undervalued and continue to view the company as a high-risk high-reward investment in the green hydrogen economy. Our focus remains on the company’s financing plans and final details of the hydrogen production tax credit in the U.S.