Thinking About Buying Stock In Luminar Technologies Or Plug Power?

Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders. Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers, and following industry trends.

Here are the latest analyst rating updates for automotive tech company Luminar Technologies Inc (NASDAQ:LAZR) and clean energy manufacturer Plug Power Inc (NASDAQ:PLUG).

Luminar Technologies 

Date	Research Firm	Action	Current	PT
4/20/21	B of A Securities	Initiates Coverage On	Neutral
3/19/21	Craig-Hallum	Initiates Coverage On	Hold	24.0
3/12/21	Northland Capital Markets	Upgrades	Outperform	38.0

Luminar Technologies is an autonomous vehicle sensor and software company that seeks to make autonomy safe and ubiquitous.

Shares of Luminar Technologies were trading lower this week. The stock opened Monday’s session at $23.91 and closed Friday lower by 4.85% at $22.75 for the week.

Read more: 3 Bullish EV Suppliers Going Into The Week

Plug Power

Date	Research Firm	Action	Current	PT
4/20/21	Evercore ISI Group	Initiates Coverage On	Outperform	42.0
4/20/21	Wells Fargo	Initiates Coverage On	Equal-Weight	30.0
4/12/21	Morgan Stanley	Downgrades	Equal-Weight	35.0
3/30/21	Northcoast Research	Initiates Coverage On	Neutral
3/17/21	Craig-Hallum	Maintains	Buy	49.0
3/17/21	Truist Securities	Downgrades	Hold	42.0
3/02/21	Barclays	Downgrades	Underweight	29.0
3/01/21	Roth Capital	Reiterates	Buy	65.0

Plug Power provides hydrogen fuel cell solutions for the electric mobility and stationary power markets in North America and Europe.

The clean energy company focuses on proton exchange membrane fuel cell and fuel processing technologies, fuel cell and battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.

Shares of Plug Power were trading flat this week. The stock opened Monday’s session at $28.74 and closed Friday lower by 0.78% at $28.51.

Learn more: Analyst Ratings: What To Know And How To Leverage Using Benzinga Pro

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