Plug Power Shares Surge on Analyst Upgrade
Update: 2026-01-02
Description
Plug Power shares surged 7.3% in morning trading following an analyst upgrade. Tim Moore from Clear Street upgraded the stock from Hold to Buy, anticipating a path to profitability due to a $200 million cost savings plan and higher product prices. Despite a lowered price target, the market sees this as a positive development, but not a game-changer. Plug Powers stock has been volatile, dropping 12% in the past ten trading days, and a $1000 investment five years ago would now be worth just $69.16. Investors are eager for signs of a genuine turnaround. Checkout Solipillow.com
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