Why Plug Power Stock Just Bounced Back

Rich Smith, The Motley Fool
·2-min read
Why Plug Power Stock Just Bounced Back

This morning, as you may have heard, investment bank JPMorgan announced it was upgrading shares of fuel cell company Bloom Energy (NYSE: BE) to "overweight." Bloom stock responded rapidly to the upgrade (it's now up 6.3%), but rival Plug Power (NASDAQ: PLUG) is responding positively as well, rising 5.2% through 3 p.m. EDT. After all, JP explained its upgrade of Bloom stock by referring to the shares' 21% decline in share price over the past month.