Plug Power Inc (PLUG)

[jbsliverer]

5:29 AM EST, December 06, 2023 (Benzinga Newswire)
Morgan Stanley Downgrades Plug Power to Underweight, Lowers Price Target to $3
Morgan Stanley slashed Plug Power Inc. (NASDAQ:PLUG) price target from $3.5 to $3. Morgan Stanley analyst Arthur Sitbon downgraded the stock from Equal-Weight to Underweight. Plug Power shares fell 11.7% to close at $4.24 on Tuesday.

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Stocks to Watch
↘️ British American Tobacco: The cigarette manufacturer’s shares fell 8% after BAT said it expected to take a $31.5 billion impairment on its U.S. brands due to lackluster sales. Shares in U.S. rival Altria traded down ahead of the opening bell.
↗️ Apple: The market heavyweight ended Tuesday with a value of more than $3 trillion for the first time since August. Apple stock ticked higher in premarket trading.
↘️ Plug Power: The hydrogen fuel-cell maker’s stock fell 4% premarket. Its shares have been under pressure for months, along with other clean-energy stocks.
🔎 Brown-Forman, Campbell Soup: The distiller and the soup maker are among companies due to report results before the market opens Wednesday. GameStop and Chewy are among those set to report after the close.