Is Plug Power (PLUG) One of the Best US Penny Stocks to Buy?

Plug Power Inc. (NASDAQ:PLUG) is 1 of the 10 Best US Penny Stocks to Buy. On December 31, Clear Street upgraded its standing connected Plug Power Inc. (NASDAQ:PLUG) from Hold to Buy but besides lowered its terms people from $3.50 to $3.00.

The probe steadfast that the banal present offers “attractive upside potential” from the existent banal price. Clear Street noted that the accidental is present much compelling than erstwhile Plug Power Inc. (NASDAQ:PLUG) was trading astatine astir $4.00 successful aboriginal October.

Clear Street chopped the terms people chiefly due to the fact that of dilution from the company’s convertible refinancing, which was completed successful precocious November. The steadfast besides applied a somewhat little valuation aggregate to its 2027 income forecast. The caller terms people of $3.00 is based connected a valuation of 4 times expected endeavor worth to sales, utilizing Clear Street’s 2027 income estimation of $1.07 billion.

According to the probe firm, this valuation is inactive somewhat higher than Plug Power Inc.’s (NASDAQ:PLUG) three-year humanities average. Clear Street’s investigation suggests that this premium valuation reflects expected outgo savings, a little yearly currency pain rate, and improving opportunities for European refinery electrolyzers.

Previously, connected December 18, Craig-Hallum besides reiterated a Buy standing connected Plug Power Inc. (NASDAQ:PLUG). Overall, the 12-month median terms people of $2.50 acceptable by analysts indicates a imaginable upside of 13% from the existent banal price.

Plug Power Inc. (NASDAQ:PLUG) is simply a planetary institution specializing successful hydrogen fuel-supply solutions. It provides electrolyzers, liquid hydrogen, substance compartment systems, retention tanks, and fueling infrastructure to assorted industries, including worldly handling, concern applications, and vigor producers.

While we admit the imaginable of PLUG arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.