Plug Power faces ‘increasingly arduous path,' a new bear warns

Although Plug Power Inc. shares soared 31% Tuesday after the alternative energy company announced a new funding arrangement, a BMO Capital Markets analyst isn’t convinced that better days are ahead. In fact, BMO’s Ameet Thakkar turned bearish on Plug Power’s stock PLUG, +0.56% Wednesday, writing that while the company revealed some “positives” on its business-update call a day before, he also sees an “increasingly arduous path” between “now and when and if” the company receives the money from the Depart ...