Is Plug Power Stock Going to $5? 1 Wall Street Analyst Thinks So.
PLUGPlug Power(PLUG) The Motley Fool·2024-05-14 23:46

Plug Power wants to raise prices until its product becomes more popular. But that's not how economics works. Roaring Kitty's return to the social media platform Reddit inspired a surge in meme stock prices on Monday, and it's looking like Plug Power (PLUG 26.12%) stock is a prime beneficiary of the turnaround. Share prices of the forever-unprofitable hydrogen fuel cell company rose by double-digit percentages Monday, approaching consensus targets of about $3 a share. However, one analyst thinks Plug Power c ...