Shares of Plug Power Inc (NASDAQ:PLUG) are trading higher Friday. The hydrogen fuel cell company's stock has seen a 64% monthly gain as investors have largely shrugged off recent dilution concerns in favor of positive Wall Street sentiment and encouraging fundamental news.
What To Know: Thursday’s rally was largely driven by a series of analyst upgrades. On Monday, Susquehanna raised its price target on PLUG to $1.80. Jefferies followed on Wednesday, maintaining a Hold rating but nearly doubling its price target from 90 cents to $1.60.
