Plug Power Inc (NASDAQ:PLUG) shares are trading higher Wednesday on the back of an analyst upgrade.
What Happened: Roth MKM analyst Craig Irwin on Wednesday upgraded Plug Power from Neutral to Buy and raised the price target from $4.50 to $9, citing continued progress of the company’s hydrogen plant in Georgia.
“Our visit to the Georgia green hydrogen plant gives us confidence the facility is ramping smoothly and all major technical issues are handled, addressing our prior concerns about backlog and margin visibility,” Irwin said in a new note to clients.
Last week, …
Full story available on Benzinga.com