shares is a blessing in disguise. The analyst sees the company's business improving in the coming years and the stock rising as well.is expanding its business globally, and the analyst sees up to 25% of the company's estimated $909 million revenue in 2022 coming from international markets. The natural gas price volatility has pressured Plug Power's fuel margins, and Dayal acknowledges that it could remain in the near term. However, the company is improving its service margins.
"We believe the stock should get a better appreciation from the market on evidence of execution against margin improvements and global growth," said Dayal. Plug Power's fuel cell solutions address clean, renewable energy needs. According to the analyst, the stock stands to benefit from U.S. and global climate change legislation.
Dayal is ranked at No. 28 out of the nearly 8,000 analysts in the TipRanks database. The analyst's ratings have been correct 44% of the time, with an average return of 49.8% per rating.
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