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Reported Earlier, ‘Hydrogen Company Plug Power Surges As It Closes In On $1.6B U.S. Loan; Shares Jump The Most Since 2021 As Company Seeks To Cut Costs; Plug Expects DOE Loan To Be Finalized By Third Quarter’ – Bloomberg News

https://www.bloomberg.com/news/articles/2024-01-23/plug-surges-as-doe-moves-closer-to-approving-1-5-billion-loan?utm_content=business&utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic&c

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Plug Power’s Long-Term Visibility Worries This Analyst – Forecast Halved

Truist Securities analyst Jordan Levy expresses long-term visibility concerns for Plug Power, lowering the forecast to $3 and emphasizing the need for a new financing deal to stabilize the company's balance sheet amid challenges, including delays and outspend issues, while forecasting a potential recovery in electrolyzer sales and GenDrive business in 2024.

PLUG