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Why Plug Power Stock Surged 13.7% Thursday Morning

TheMotleyFool 
0 0 29.02.24
Why Plug Power Stock Surged 13.7% Thursday Morning: https://g.foolcdn.com/editorial/images/767455/a-confused-person-looking-at-his-phone-with-computer-screens-displaying-stock-price-charts-in-the-background.jpg
 

Plug Power (NASDAQ: PLUG) stock kicked off Thursday on a high note, surging 13.7% in early-morning trading. An analyst upgrade just ahead of earnings is fueling investor interest in the hydrogen stock.

Truist analyst Jordan Levy raised Plug Power stock's price target by 33% to $4 per share yesterday, just a couple of days ahead of the company's earnings. Plug Power will announce its fourth-quarter numbers on March 1. Levy may have upgraded the stock's price target, but that doesn't reflect much upside from the stock's current price.

Plug Power issued a going-concern warning in its third quarter, stating that its cash balance will not last more than 12 months. The stock crashed, only to rebound sharply in recent weeks after Plug Power tried to calm investors' nerves by announcing that it is close to finalizing a $1.6 billion loan from the Department of Energy. The company also started production at its green hydrogen plant in Georgia, which it believes could significantly cut costs once fully operational.

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Source Fool.com

Georgia Healthcare Group plc Stock

€0.70
2.050%
There is an upward development for Georgia Healthcare Group plc compared to yesterday, with an increase of €0.014 (2.050%).

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