Replies to post #41929 on Plug Power Inc (PLUG)

[Good Timer]

I would correct your post to, "the price will dip to the 50 DMA and bounce right back."

[Big daddy wags]

Plug Power’s Q3 beat leads to price-target increase at Oppenheimer
Published: Nov. 10, 2020, 1:12 p.m. EDT
Plug Power Inc. is “best positioned” to benefit from growth in hydrogen vehicles, analysts at Oppenheimer said in a note Tuesday.
The analysts, led by Colin Rusch, upgraded their price target on Plug Power (PLUG) to $23, from $13, representing an upside around 15% from Tuesday’s prices.
“As investors look for exposure to hydrogen-vehicle growth, we believe (Plug Power) is best positioned to benefit from all key areas in the supply chain with differentiated, commercially proven technologies,” the Oppenheimer analysts said. “We believe valuation is the biggest question for investors as the market negotiates growth multiples in the context of potentially stable tax policy and historically low interest rates.”
Related: GM to hire 3,000 new workers in tech push
Plug on Monday reported third-quarter results that beat Wall Street expectations, posting an adjusted loss of 5 cents a share on sales of $107 million. Analysts surveyed by FactSet had expected an adjusted loss of 7 cents a share on sales of $106.5 million.

All these upgrades should give us another 10 % gain this month at a minimum!!