Why Plug Power Stock Popped Friday Morning

Shares of Plug Power (NASDAQ: PLUG) popped today, jumping 3.7% as of 10:30 a.m. EDT after the hydrogen fuel cell stock received an analyst upgrade.

Barclays upgraded its rating on Plug Power stock while keeping its price target unchanged at $27 a share. Barclays is betting on Oct. 14, Plug Power analyst day, to ignite momentum in the stock. It also sees an upside driver for the company in President Joe Biden's infrastructure plan. Plug Power shares are hovering exactly around $27 a share as of the time of this writing.

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Source Fool.com