Plug Power’s Earnings Crushed Forecasts. Wall Street Sees Lots to Like.

(PLUG) delivered better than expected earnings Thursday and the stock rocketed 15%, brining year to date gains—at Thursday’s close—to almost 240%, far better than comparable numbers for the Dow Jones Industrial Average and S&P 500. The stock was up another 6.6% in midday trading Friday because Wall Street is staying bullish on the fuel cell maker’s shares. Cowen analyst Jeffrey Osborne raised his price target to $12 from $9 a share.

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