Plug Power ( (PLUG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Plug Power’s stock experienced a notable increase following an upgrade in its price target by H.C. Wainwright analyst Amit Dayal, who raised it from $3 to $7 per share. This optimistic outlook was driven by a sharp rise in electricity prices and enhanced regulatory support for nuclear power. Additionally, the analyst pointed out the high short interest in Plug Power shares, indicating potential undervaluation. However, despite these positive signals, the overall consensus remains Hold, with analysts expressing mixed views on the stock’s future trajectory.
More about Plug Power
YTD Price Performance: 21.46%
Average Trading Volume: 76,706,740
Technical Sentiment Signal: Hold
Current Market Cap: $3.35B
For further insights into PLUG stock on TipRanks’ Stock Analysis page.
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