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Fly News Breaks for May 10, 2017
PLUG
May 10, 2017 | 07:49 EDT
FBR Capital analyst Carter Driscoll believes Plug Power's "weak" Q1 results provide a buying opportunity. Walmart negotiations drove the weaker than expected results, but the recent Amazon agreement should drive core material handling sales and improve revenue visibility, Driscoll tells investors in a post-earnings research note. He expects a resolution to the Walmart PPA profitability issue no later than Q3. The analyst maintains an Outperform rating on Plug Power with a $3 price target.