Plug Power Shares Ignite on Analyst Optimism and European Expansion

Friday witnessed an extraordinary surge for hydrogen technology firm Plug Power, as its stock skyrocketed by more than 34% to establish a fresh 52-week peak. This powerful rally was fueled by a substantially increased price target from a market analyst and bolstered by significant corporate developments, prompting a major reassessment of the company’s prospects.

The dramatic upward move was triggered by a highly optimistic research note from H.C. Wainwright analyst Amit Dayal. In a significant upgrade, Dayal not only reaffirmed his “Buy” recommendation but also dramatically raised his price objective from $3 to $7 per share. His analysis points to a shifting energy landscape in the United States, where increasing electricity costs are now making green hydrogen cost-competitive with conventional gray hydrogen... Read more...