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Why Plug Power Popped Today

TheMotleyFool

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Shares of hydrogen fuel cell company Plug Power (NASDAQ: PLUG) got another lift from a Wall Street analyst Wednesday and are up 6.5% in 2:55 p.m. EST trading after analysts at Bernstein began covering the shares.

Bernstein initiated coverage of Plug with a $75 price target and an outperform rating (i.e., buy). In a note covered on TheFly.com this morning, the bank highlighted heavy-duty transport vehicles as the most attractive part of the market for using hydrogen fuel cells as a power source.

Trucks, said Bernstein, will be "the single most important growth market for fuel cells" going forward.

Source Fool.com

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