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Benzinga
Benzinga
Business
Henry Khederian

Plug Power Stock Is Surging Monday: What's Going On?

PLUG Plug Power Plug Power Inc Benzinga Edge
Stuttgart,,Germany,-,03-17-2024:,Mobile,Phone,With,Logo,Of,American

Shares of Plug Power Inc (NASDAQ:PLUG) are trading higher Monday, rebounding from last week's slide which was driven by financing and dilution concerns. Here’s what investors need to know.

What To Know: The hydrogen company's stock received a boost on Monday after Susquehanna analyst Biju Perincheril maintained a Neutral rating, but nearly doubled the price target to $3.50 from a previous $1.80.

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