Plug Power stock analysis: here's why it may soar 42% this year

Plug Power stock fell more than 10% on Thursday, giving back Wednesday’s gains and dropping to a key support level at $3 as investors booked profits. The move points to weak near-term momentum and cautious sentiment around the name rather than a new fundamental catalyst.

Analysis

Plug Power stock fell more than 10% on Thursday, giving back Wednesday’s gains and dropping to a key support level at $3 as investors booked profits. The move points to weak near-term momentum and cautious sentiment around the name rather than a new fundamental catalyst.