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Why Plug Power Stock Dropped and Then Bounced Back Today

·1 min read
Why Plug Power Stock Dropped and Then Bounced Back Today
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Shares of Plug Power (NASDAQ: PLUG) dropped nearly 3% in morning trading Tuesday, before stopping and reversing course, following the market higher. This morning, analysts at Morgan Stanley lowered their price target on Plug stock to $35 a share. This wasn't a huge reduction -- Morgan Stanley had previously valued the stock at $36.