Plug Power Inc

PLUG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$6.60	Glmsk	Mxq

Plug Power Earnings: Continued Focus on Cash Management Following Challenging 2023

Brett Castelli

Mar 1, 2024

We maintain our $3.50 fair value estimate for no-moat Plug Power following its fourth-quarter results. Our Extreme Uncertainty and Poor Capital Allocation ratings remain unchanged amid continued constrained liquidity in the near term. We view shares as fairly valued.

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