$PLUG Plug Power Upside Targets

Todays Upgrades
PLUG Barclays analyst Moses Sutton initiated coverage of Plug Power with an Overweight rating and $7 price target. The company's leading position places it in a small group of renewable pure plays that are viable alternative investments to mainstream alternatives, Sutton tells investors in a research note. The analyst sees a "long-term growth narrative" that reflects "multiple points of inflection over the coming years."
22% short interest
Company profile
Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.