Plug Power, Inc. PLUG shares are trading higher Tuesday. The stock appears to be recovering after dropping significantly following Plug Power's disappointing third-quarter financial reports and the issuance of a "going concern" warning last Thursday.
What To Know:
Several analysts have updated their coverage on Plug Power following the earnings release and corporate leadership statements. Most recently, Wells Fargo analyst Michael Blum maintained Plug Power with an Equal-Weight and lowered the price target from $7 to $4.
On Monday, Morgan Stanley analyst Andrew Percoco maintained Plug Power with an Equal-Weight and lowered the price target from $9 to $3.5.
Plug Power shares are climbing on heavy trading volume Tuesday. According to data from Benzinga Pro, more than 39 million shares have been traded in the session, surpassing the stock's 100-day average volume of 24.626 million shares.
Related News: What's Going On With Blink Charging Co Stock?
PLUG Price Action: According to Benzinga Pro, Plug Power, Inc. shares are up nearly 19% at $4.13 at the time of publication.
Image: Tumisu from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
