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Plug Power Misses Estimates. But Analysts Lift Price Targets on Climate Bill Catalysts.

·2 min read
Plug Power Misses Estimates. But Analysts Lift Price Targets on Climate Bill Catalysts.

Plug Power shares rose sharply Wednesday despite the fuel-cell company reporting second-quarter revenue that missed estimates. Analysts said they expect Plug Power to benefit from the recently passed climate and tax bill. Analysts were expecting a loss of 21 cents a share.