Why Plug Power Stock Rose Today
Shareholders in Plug Power (NASDAQ: PLUG) have endured an almost 50% drop in the stock's value over the past six weeks. That may be leading to a jump in the stock Monday morning. At 11:30 a.m. EST, shares of the hydrogen fuel technology company were up 3% after an almost 7% pop in earlier trading.
Along with the recent slide in the share price, today brought an analyst upgrade for fellow alternative energy name Bloom Energy (NYSE: BE), which may be contributing to the positive sentiment for Plug. The upgrade on Bloom from neutral to outperform was made by an analyst at Credit Suisse.
Image source: Plug Power.
Source Fool.com
