Why Plug Power Inc's Shares Popped 12% Today
Shares of hydrogen fuel-cell company Plug Power Inc (NASDAQ: PLUG) jumped as much as 12% in trading on Wednesday after the company's chairman bought $426,000 worth of stock. At 3:25 p.m. EDT, shares were still up 11.6% for the day.
Chairman George McNamee purchased 200,000 shares of Plug Power stock for about $426,000 to increase his stake in the company to 661,131 shares. This happened within a window of time during which insiders can buy or sell stock, so we're seeing a big player do just that with Plug Power.
Image source: Getty Images.
Source: Fool.com
Plug Power Inc. Stock
€2.30
5.880%
Currently there is a rather positive sentiment for Plug Power Inc. with 23 Buy predictions and 12 Sell predictions.
With a target price of 6 € there is potential for a 161.1% increase which would mean more than doubling the current price of 2.3 € for Plug Power Inc..
