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Why Greenidge Generation Stock Surged Today

TheMotleyFool

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Why Greenidge Generation Stock Surged TodayPhoto, wide shot, wide-angle lens, Gold mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/94faf2bd-99c1-4ea6-b55d-fdcab23c3865.png

Shares of Greenidge Generation (NASDAQ: GREE) rose on Wednesday, following positive analyst commentary. By the close of trading, the power generation and cryptocurrency mining company's stock price was up 6.8% after rising as much as 36.7% earlier in the day.

B. Riley analyst Lucas Pipes placed a buy rating on Greenidge's shares. He sees the stock soaring to $78 per share, or more than triple its current price.

Image source: Getty Images.

Source Fool.com

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