3 Wall Street Analysts Predict 100%+ Upside for Plug Power. Here's Why I'm Not Buying.
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. Despite rosy projections from Wall Street, I'm still not buying Plug Power stock. And there's one major reason why. Continue reading