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Susquehanna Maintains Neutral on Plug Power, Lowers Price Target to $1.75

BenzingaBenzinga Newsdesk

Susquehanna analyst Biju Perincheril maintains Plug Power (NASDAQ:PLUG) with a Neutral and lowers the price target from $2.5 to $1.75.

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  1. SEC EDGARSEC EDGAR

    8-K filing — PLUG POWER INC (PLUG)

    Filed: 2026-10-15 AccNo: 0001104659-26-115964 Size: 225 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits

  2. The Motley FoolHoward Smith

    Stock Market Today, Oct. 14: Plug Power Falls on Analyst Target Cuts and Concerns Over Rising Interest Rates

    Plug Power (PLUG) fell 7.05% to $1.45 on October 14, 2026, following price target cuts from Susquehanna (from $2.50 to $1.75) and Morgan Stanley (from $1.65 to $1.20). The decline reflects concerns over hydrogen adoption headwinds, rising interest rates impacting debt obligations, and margin sustainability. The broader clean energy sector also declined, with Bloom Energy down 9.14% and FuelCell Energy down 8.65%. Investors await Plug Power's Q3 results on November 9 to assess progress on gross margin improvement and revenue growth.