What's Going On With Plug Power Stock Today?
Portfolio Pulse from Erica Kollmann
Plug Power, Inc. (NASDAQ:PLUG) stock is trading higher, recovering from a recent drop after a disappointing Q3 financial report and a 'going concern' warning. Analysts from Wells Fargo and Morgan Stanley have updated their coverage, both maintaining an Equal-Weight rating but lowering their price targets to $4 and $3.5, respectively. The stock is experiencing heavy trading volume, with over 39 million shares traded, exceeding the 100-day average volume.
November 14, 2023 | 5:40 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Plug Power's stock is rebounding after a significant drop due to poor Q3 results and a 'going concern' warning. Analysts have lowered price targets, but the stock is seeing high trading volume and a 19% increase.
The short-term impact on PLUG is positive due to the stock's recovery from its recent drop, which is reflected in the 19% increase in stock price. The high trading volume suggests strong investor interest, which could support the stock's upward momentum in the short term. However, the lowered price targets by analysts could temper some of the optimism, indicating a need for caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100