Why Plug Power Stock Just Bounced Back
This morning, as you may have heard, investment bank JPMorgan announced it was upgrading shares of fuel cell company Bloom Energy (NYSE: BE) to "overweight." Bloom stock responded rapidly to the upgrade (it's now up 6.3%), but rival Plug Power (NASDAQ: PLUG) is responding positively as well, rising 5.2% through 3 p.m. EDT. After all, JP explained its upgrade of Bloom stock by referring to the shares' 21% decline in share price over the past month.