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Morgan Stanley sees 30% downside in Plug Power (PLUG)

December 6, 2023 8:53 AM EST

Plug Power (NASDAQ: PLUG) was cut to Underweight from Equal-Weight at Morgan Stanley on Wednesday, with analyst Arthur Sitbon lowering the price target for the stock to $3 from $3.50 per share.

Sitbon told investors in his note covering green hydrogen stocks, that rising rates and renewable electricity prices... More