Susquehanna Raises PT on ​Plug Power (PLUG), Maintains Neutral Rating

​Plug Power Inc. (NASDAQ:PLUG) is one of the Best Rising Penny Stocks to Buy Now.

​On April 9, Susquehanna analyst Charles Minervino raised the firm’s price target on Plug Power Inc. (NASDAQ:PLUG) from $2.50 to $2.75, while keeping a Neutral rating on the shares. The firm noted that the increased price target comes as they updated their estimates in the alternative energy group ahead of Q1 2026 earnings.

On the same day, RBC Capital also raised the price target on the stock from $1.50 to $2.75 and maintained a Sector Perform rating on the shares. The firm quoted their talks with the CFO, Paul Middleton, and VP Director IR, Roberto Friedlander, highlighting the company’s path to profitability and growth. These talks resulted in a more optimistic view of the company’s near-term financial targets and the opportunity pipeline. The increased price target is based on multiple expansions of roughly 3.5 times 2026 sales.

​​Plug Power Inc. (NASDAQ:PLUG) develops hydrogen fuel cell product solutions in North America, Europe, Asia, and internationally.

While we acknowledge the risk and potential of PLUG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLUG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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