What's Going On With Plug Power Shares?

Plug Power, Inc. PLUG shares are volatile on Friday and have gained more than 15% over the past five days.

What To Know:

On Friday, Northland Capital Markets analyst Abhishek Sinha upgraded Plug Power from Market Perform to Outperform and announced a price target of $22.

On Thursday, Plug Power announced a large order for 100 megawatts (MW) of proton exchange membrane (PEM) electrolyzers for a green hydrogen project in Europe.

Earlier this week, Plug Power reported the company was selected to supply two 5-megawatt (MW) proton exchange membrane (PEM) electrolyzer systems for green hydrogen projects in Australia.

PLUG stock has recevied attention from retail investors and short sellers alike. According to data from Benzinga Pro, 20.29% of available shares are currently being sold short.

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PLUG Price Action: According to Benzinga Pro, Plug Power shares are trading 1.25% higher at $12.52 at the time of publication.

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