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Research Alert: CFRA Maintains A Buy Rating On Plug Power Inc.

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our price target to $4.50 from $3.60, applying 7x EV/Sales to our 2027 revenue estimate, balancing the push toward profitability but discounting for execution risk and balance sheet constraints. We narrow our 2026 LPS estimate to $0.23 from $0.30 and 2027's to $0.15 from $0.23 due to improving gross margin trajectory and structural cost reductions. In our view, PLUG's positioning as the hydrogen infrastructure leader creates a compelling multi-year opportunity as the industry scales. While we remain cautious around liquidity management and profitability execution, we see encouraging signals with Amazon/Walmart fleet refreshes beginning (20,000+ units over 5-6 years), electrolyzer momentum accelerating (sales up 343% Y/Y), and fuel margins improving (up 54 points Y/Y). We believe the path to Q4 2026 positive EBITDA is credible given H2 volume weighting, minimal capex, and sequential margin improvement, with asset monetizations ($275M+ expected) providing adequate liquidity through mid-2027.

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Research Alert: CFRA Reiterates Hold Opinion On Shares Of Consolidated Edison, Inc.

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Research Alert: CFRA Maintains Buy Opinion On Shares Of Talen Energy Corporation

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