Plug Power Inc (PLUG)

[Good Timer]

JP Morgan analyst Paul Coster is trying to single handedly cool off the hydrogen sector by initiating coverage on PLUG, FCEL, and BE with holds and lowered price targets. All are showing early losses due to this.

I think he will have the same effect as splashing water on a hot griddle.

MW Plug Power stock set to snap long win streak after J.P. Morgan says it is 'fully valued'

Shares of Plug Power Inc. (PLUG) dropped 6.0% in premarket trading Thursday, putting them in danger of snapping a seven-day win streak (http://www.marketwatch.com/story/plug-powers-stock-surges-again-after-more-than-doubling-the-past-6-days-2021-01-13), after J.P. Morgan analyst Paul Coster initiated a price target at a 14% discount. Coster started coverage of Plug Power at neutral with a price target of $60, after the stock closed Wednesday at $69.50, the highest close since October 2005 (http://www.marketwatch.com/story/plug-power-stock-rallies-to-nearly-15-year-high-after-analyst-calls-renault-deal-validating-11610478111). Coster said Plug Power is a "first- and fast-mover in the hydrogen fuel cell space with proven technology to pursue a massive market opportunity," and could grow sales to more than $1.2 billion by 2024. "This is our top pick in the hydrogen space, but [the stock is] fully-valued in our view," Coster wrote. The stock has more than doubled (up 116.0%) amid a seven-session win streak through Wednesday, which was the longest win streak since November 2019. The stock has skyrocketed four-fold (up 301.7%) over the past three months, while the S&P 500 has gained 9.2% the past three months.