What's Going On With Plug Power Stock Today?
Portfolio Pulse from Erica Kollmann
Plug Power, Inc. (NASDAQ:PLUG) shares are trading lower today, despite being up nearly 17% over the last month. Morgan Stanley analyst Andrew Percoco reiterated an Equal-Weight rating and maintained a $15 price target for the stock. Two Plug Power insiders reported large acquisitions of company stock options. 20.29% of available shares are currently being sold short.
July 20, 2023 | 3:38 pm
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NEUTRAL IMPACT
Despite a dip today, Plug Power shares have been performing well over the past month. Insider acquisitions and a maintained price target from Morgan Stanley could indicate confidence in the company's future.
The stock is trading lower today, which could be a temporary fluctuation. However, the fact that insiders are acquiring large amounts of stock options and that Morgan Stanley has maintained a $15 price target could indicate confidence in the company's future performance. The stock has also been up 17% over the last month, which is a positive sign.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100