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Don’t Go Bargain Hunting On Plug Power Stock Quite Yet, Says Analyst

by finance.yahoo.com posted 5months ago 33 views
Shares of hydrogen fuel cell company Plug Power (PLUG), which have lost more than half their value over just the past three months, suffered their latest blow on Monday when Morgan Stanley analyst Stephen Byrd resumed covering the stock at a reduced level of recommendation -- Equal Weight, equivalent to a Hold. The new rating is one step down from Morgan Stanley's previous Overweight (i.e. Buy) recommendation. Meanwhile, the price target, of $35, indicates an 18% upside for PLUG shares.

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