Plug Power Inc
PLUG: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$9.00 | Xxnpd | Tsfk |
Plug Power Earnings: Cash Management, Securing Additional Liquidity Remains the Focus
We are lowering our fair value estimate for no-moat Plug Power to $2 from $3.50 following its second-quarter results. The primary driver of our lower valuation is a reduced long-term revenue and margin forecast. Our Extreme Uncertainty Rating and Poor Capital Allocation Rating remain unchanged amid continued constrained liquidity in the near term. We view shares as fairly valued.