Plug Power Inc

PLUG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$9.80	Nhl	Qsztv

Plug Power: Equity Issuance Program Increases Liquidity but Comes With a Cost

Brett Castelli

Jan 18, 2024

We are maintaining our $5 fair value estimate for no-moat Plug Power following news that the company has entered into an at-the-market equity issuance program. As a result of our Extreme Morningstar Uncertainty Rating, the shares are still in 3-star territory despite a selloff in recent days.

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