Why Plug Power Stock Jumped 10% This Morning
There being no other news of note today, you can probably thank British banker Barclays Capital for that. This morning, Barclays announced it is initiating coverage of the fuel cell pioneer with an overweight rating and a $7 price target, according to TheFly.com. In its report, Barclays describes Plug as a leading player among the few renewable energy pure plays that are both publicly traded and also viable alternatives to traditional energy sources such as oil.
