UPDATE: Morgan Stanley Resumes Plug Power (PLUG) at Equalweight

April 12, 2021 1:52 AM EDT
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Price: $23.05 +2.17%

Rating Summary:
    11 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 38 | Down: 18 | New: 7
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(Updated - April 12, 2021 6:37 AM EDT)

Morgan Stanley analyst Stephen Byrd resumes coverage on Plug Power (NASDAQ: PLUG) with a Equal-weight rating and a price target of $35.00.

The analyst commented, "PLUG's product advantages, strong balance sheet, and strategic partnerships position the company well for the transition to a hydrogen economy. Even after forecasting double-digit revenue growth and strong margin expansion, we see modest stock price upside - driving our resumption at Equal-weight."

For an analyst ratings summary and ratings history on Plug Power click here. For more ratings news on Plug Power click here.

Shares of Plug Power closed at $32.30 yesterday.

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