Plug Power Inc

PLUG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$7.50	Bns	Ppzy

Plug Power Earnings: Focus Remains on Cash Management, Securing Additional Liquidity

Brett Castelli

May 9, 2024

We maintain our $3.50 fair value estimate for no-moat Plug Power following its first-quarter results. 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.

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