Plug Power (NASDAQ: PLUG) disappointed investors with its latest business update, and its shares were punished yesterday. But the stock is rebounding from that 6% drop today after some analysts chimed in who weren't as bearish on the update. As of 3:45 p.m. ET Friday, shares of the hydrogen production and fuel cell company were higher by 3.4%.  

On Wednesday evening Plug CEO Andy Marsh said 2022 full-year sales would grow by about 45% to 50% over the prior year. That meant fourth-quarter sales were estimated to be about $260 million, when analysts had expected about $285 million. But some analysts responded by looking ahead and thinking that 2023 still looks promising for the company as it grows its green hydrogen production business. 

Continue reading

Source Fool.com