Plug Power price target raised to $2.50 from $2 at Susquehanna

Susquehanna raised the firm’s price target on Plug Power (PLUG) to $2.50 from $2 and keeps a Neutral rating on the shares. The analyst noted they announced a record 3 GW electrolyzer order from Allied Green Ammonia to power its green ammonia production and blieves it is a proof point for the company’s electrolyzer technology gaining traction with international customers.