Plug Power -5.6% premarket as Roth, Cowen issue downgrades

|About: Plug Power, Inc. (PLUG)|By:, SA News Editor

Plug Power (PLUG) -5.6% premarket after getting tagged with downgrades by analysts at Roth Capital and Cowen & Co.

Roth cuts shares to Neutral from Buy, seeing near-term risks ahead and saying 2014 bookings momentum appears to be tapering.

Cowen downgrades PLUG to Market Perform from Outperform with a $7.50 price target, believing strong bookings should drive sales and margin expansion but shares are fully valued.