Why Plug Power Stock Jumped 10% This Morning

The stock of Plug Power (NASDAQ: PLUG) charged to a 9.9% gain as of 10:10 a.m. EDT Thursday. There being no other news of note today, you can probably thank British banker Barclays Capital for that.

This morning, Barclays announced it is initiating coverage of the fuel cell pioneer with an overweight rating and a $7 price target, according to TheFly.com.

A hydrogen fuel cell. Image source: Getty Images.

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Source Fool.com