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Why Plug Power Stock Dropped 7.5% Today

TheMotleyFool

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Why Plug Power Stock Dropped 7.5% TodayPhoto, wide shot, wide-angle lens, Private equity firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/2b695cca-48cb-4195-802a-e3385fb90ec0.png

Hydrogen fuel cell stock Plug Power (NASDAQ: PLUG) had dropped 7.5% as of 10:35 a.m. EDT Monday after analysts at investment bank Morgan Stanley resumed coverage of the briefly dropped stock at a lower rating.

As StreetInsider.com reports today, MS now rates Plug Power stock not overweight (i.e., buy) as it used to, but only equal weight (i.e., hold).

Image source: Getty Images.

Source Fool.com

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