Plug Power shares are trading lower after Citigroup initiated coverage on the stock with a Buy rating and announced a $13 price target.
Portfolio Pulse from Benzinga Newsdesk
Citigroup has initiated coverage on Plug Power with a Buy rating and a price target of $13. However, Plug Power shares are trading lower.
July 06, 2023 | 4:52 pm
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Despite Citigroup's Buy rating and $13 price target, Plug Power shares are trading lower.
Citigroup's Buy rating and price target of $13 indicates a positive outlook for Plug Power. However, the stock is trading lower, which could be due to other market factors or investor sentiment not aligning with Citigroup's outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100