Fall

Plug Power falls 5% after JPMorgan calls the company 'fully-valued,' issues price target below current level

4 days ago   |   By

Miquel Gonzalez/Shell
Plug Power fell 5% on Thursday after JPMorgan initiated the hydrogen fuel-cell manufacturer at "neutral" with a $60 price target, representing potential downside of 14% from Wednesdays close. Despite the downside price target, JPMorgan believes Plug Power is a first-mover in what represents a "massive market opportunity" that could be worth $200 billion. Plug Power is "fully-valued but a must own in the hydrogen space," JPMorgan said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Plug Power fell as much as 5% on Thursday after JPMorgan said...
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