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Why Plug Power Stock Popped Today

TheMotleyFool

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Plug Power (NASDAQ: PLUG) stock is acting weird again. Yesterday, shares of the fuel cell pioneer dropped despite news that it was teaming up with Chart Industries and Baker Hughes to form a $1.2 billion "FiveT Hydrogen Fund" to support investments in "clean hydrogen infrastructure projects at scale."

Today, Plug Power stock is doing the opposite: Rising 4.4% as of 3:40 p.m. EDT on news that an analyst has cut its price target on Plug shares.

Image source: Getty Images.

Source Fool.com

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