How Does Plug Power Get to $8 Anyway?

FBR capital may have just put a $8 price target on Plug Power that sent shares soaring recently. Here is what the company needs to do to make that happen.

Tyler Crowe
Tyler Crowe
Jul 20, 2014 at 11:06AM
Energy, Materials, and Utilities

Somewhere, FBR Capital has the reasoning behind its recent analyst upgrade and price target of $8 for Plug Power (NASDAQ:PLUG) within a year from now. Unfortunately for us, we are left with vague descriptions to sort out what that means, which isn't exactly helpful when trying to make investment decisions for ourselves. So the question that we need to ask ourselves is, "What does Plug Power have to do as a company in order to justify us buying shares at such a hefty premium to today?" 

To help you get a clearer picture of how Plug Power could make that $8 call worthy, the following video walks through the situation at Plug Power today based on its current valuation and looks at how sales and revenue would need to grow in order to make more sense of FBR Capitals recent prediction. Check it out.