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Why Plug Power Stock Just Jumped 10%

TheMotleyFool

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Shares of fuel cell pioneer Plug Power (NASDAQ: PLUG) popped early Monday morning, and are up 10.2% as of 11 a.m. EST today. You can thank the friendly analysts at B. Riley/FBR for that.

This morning, FBR reiterated its buy rating on Plug Power stock (which has roughly doubled in price over the past year), and announced it is nearly doubling its target price on the shares to $6.

A hydrogen fuel cell. Image source: Getty Images.

Source Fool.com

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