Why Plug Power Stock Dropped 7.5% Today

Hydrogen fuel cell stock Plug Power (NASDAQ: PLUG) had dropped 7.5% as of 10:35 a.m. EDT Monday after analysts at investment bank Morgan Stanley resumed coverage of the briefly dropped stock at a lower rating. As StreetInsider.com reports today, MS now rates Plug Power stock not overweight (i.e., buy) as it used to, but only equal weight (i.e., hold). Curiously, Morgan Stanley's price target on Plug stock is now $35 per share, about 17% above where the stock trades today, which you would think implies the analyst has more of a buy sentiment about it.