Did Plug Power Stock Deserve Today's Price Pop?
Shares of Plug Power (NASDAQ: PLUG), one of the highest-profile companies involved in the hydrogen power revolution, enjoyed a solid rise this morning as its shares rocketed 8.1% through 10:10 a.m. ET.
The reason for the rise is no mystery: This morning, Susquehanna analyst Biju Perincheril raised his price target on Plug stock by an astounding 80% -- from $1 a share to $1.80. The bigger question is whether Plug Power stock deserved to jump even 8.1% on this change in one analyst's opinion.
And whether investors should buy Plug Power stock.
Source Fool.com
