Multiple Price Target Increases for PLUG

Multiple analysts raised their price targets for PLUG, including a target of $5.00, while stock price surges after strong Q1 revenues.

Several analysts have increased their price targets for Plug Power, including a target of $5.00 from B. Riley Securities and $4 from Clear Street. The announcements come as the company's stock price surges after reporting stronger-than-expected Q1 revenues.

In addition, BMO Capital raised their price target to $1.20, though this is significantly lower than other analysts' predictions. Susquehanna increased its price target to $3.75, while Craig-Hallum also raised its target to $5.

Despite the varying price targets, most analysts are optimistic about the company's prospects. As one article notes, analysts are 'bet on 'Project Quantum Leap,' and retail says 'short thesis has been crushed'. However, profitability concerns remain.

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