Plug Power Chases Growth Beyond US Tax Credit Hurdles
1. Plug Power reported Q1 revenue at $134 million, meeting expectations. 2. Analyst maintains Neutral rating, setting price target at 96 cents. 3. Challenges from U.S. green energy policy could shift focus to international growth. 4. The potential elimination of the 45V tax credit poses long-term risks. 5. New European customers could drive 10%-20% growth for Plug Power this year.