Plug Power wins over a skeptic as stock looks to cap off a wild month
Plug Power(PLUG) Market Watch·2024-01-31 18:16
Plug Power Inc. shares were getting a big jolt Wednesday after an analyst turned bullish on the name in wake of a recent visit to the company’s new plant. That trip to Plug Power’s PLUG, +28.55% just-opened Georgia facility “gives us confidence the facility is ramping smoothly and all major technical issues are handled, addressing our prior concerns about backlog and margin visibility,” Roth MKM’s Craig Irwin wrote in a note to clients.He added that electrolyzers at the facility “were clearly operating well ...