Why Plug Power's Stock Is Rising Today
Ending yesterday a hair lower than where they finished on Friday, shares of Plug Power (NASDAQ: PLUG) began August without much fanfare. Today, however, investors are returning attention to the fuel cell specialist. As of 10:50 a.m. ET, Plug Power's stock is up 5.6%.
While the company hasn't reported anything today, it seems some positive coverage from an analyst is what's energizing the market.
There's not a lot of meaty news upon which the bulls are feasting today. In fact, it's rather scant: Northland Capital announced that it has initiated coverage on Plug Power with a market perform rating and a price target of $25. The price target represents potential upside of about 18% based on yesterday's closing price of $21.24. Shares of Plug Power last traded around the $25 mark in late April.
Source Fool.com
