JP Morgan Signals Caution On Plug Power's Near-Term Challenges, Withdraws Price Forecast

1. JP Morgan maintains a Neutral rating on PLUG, withdrawing price forecasts. 2. PLUG reported Q1 revenue of $133.67M, exceeding estimates but missed on earnings. 3. Second-quarter revenue guidance ranges from $140M to $180M, showing potential growth. 4. Full-year revenue estimate decreased to $729M, down from $756M due to concerns. 5. PLUG faces liquidity and hydrogen availability challenges, impacting current outlook.