Hydrogen fuel cell company Plug Power (PLUG) has seen significant traction recently due to a series of positive news that has ignited a robust stock rally. The positive view of PLUG stock was initiated by analysts from H.C. Wainwright, who raised their price target on PLUG from $3 to a Street-high of $7 and reaffirmed a “Buy” rating. The stock gained nearly 35% intraday on Oct. 3 on the news.
PLUG stock continued its rally, driven by multiple key milestones, including the delivery of the first 10-megawatt electrolyzer system to a major energy company in Portugal. Should you consider buying Plug Power stock now?
