"Plug Power's Rollercoaster Ride: From Skepticism to Millionaire Maker"
TL;DR
Analyst Craig Irwin upgraded Plug Power stock to buy from neutral, doubling the price target to $9, citing confidence in the company's new Georgia facility and its leadership team. The stock surged over 20% as it looks to end a month of wild swings, including a slide after announcing a stock-sale plan and a rally following an update on funding progress. Irwin sees flexibility in Plug Power's funding options, including potential Department of Energy loan facility, and views a successful loan application as a catalyst for the company.
Topics:businessfinance#alternative-energy#analyst-upgrade#department-of-energy#finance#plug-power#stock-market
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