Overview
- Plug Power shares jumped Wednesday after Clear Street lifted its target to $3.50 and Bloom Energy’s strong quarter boosted clean‑power peers.
- The stock then fell about 7% Thursday as traders cooled on the rally and refocused on cash burn and liquidity risk ahead of results.
- By Friday premarket, shares hovered near $3.14 after earlier swings, showing how fragile sentiment remains into the report.
- The company will report first‑quarter results after the close on May 11, with Wall Street expecting a 10‑cent loss on about $142 million in revenue.
- Analysts are split, with an average Hold and targets ranging from Jefferies’ $1.80 to Clear Street’s $3.50, as investors wait for proof of tighter cash use and margin gains.