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Why Plug Power Stock Rose Today

TheMotleyFool

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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

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