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Truist Securities's Jordan Levy lowered their price target on Plug Power (NASDAQ: PLUG) by 16.7% from $12 to $10 on 1. PLUG has a relatively high debt to equity ratio of 0.49.PLUG profit margin has gone up by 0.1 percentage points in the past year, but the company is still unprofitable.This is not sufficient to cover its annual cash burn of $1.68B. PLUG has $2.06B in cash and short term investments.Signs that PLUG is not financially healthy: Total PLUG debt is lower than 5 years ago, relative to shareholder equity.It has sufficient cash and short-term investments to cover this for at least one year.
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There are more short-term assets than long-term liabilities on the PLUG balance sheet.There are more short-term assets than short-term liabilities on the PLUG balance sheet.PLUG Financial Health Overview Signs that PLUG is financially healthy: You can access more valuation analysis on PLUG's stock here. PLUG could be undervalued based on its P/B ratio of 1.47x, relative to Electrical Equipment & Parts industry P/B ratio of 3.23x.You can use many financial metrics, analyses, models, and charts to gauge PLUG's fair value. You can see all of the due diligence checks on PLUG's stock page. WallStreetZen was created to help part-time investors perform better fundamental analysis in minutes instead of hours. Get updates on your PLUG investment: Create a watchlist to monitor your investment in Plug Power shares.Make your PLUG buy order: Decide if you will purchase PLUG shares at the current market price or use a limit order to purchase PLUG shares at a specific price.Is Plug Power stock a good investment? Should you buy shares of PLUG? How do PLUG's underlying business fundamentals look? Do top analysts think Plug Power is a good buy? Why has PLUG's stock price moved recently? (Hint: Our stock research tools can help you understand if PLUG is a good stock to buy). Research Plug Power stock: The Plug Power ticker symbol is PLUG.Deposit funds into your investment account: Select your method of payment and add your information.Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.Figure out where to buy Plug Power stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Plug Power stock.
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