Plug Power Inc (NASDAQ:PLUG) stock has surged 113% year-to-date. Thanks to strategic acquisitions, in-demand products, and a strong outlook, the business is poised to make strong gains in the second half of 2019, with momentum carrying into 2020.
The Latham, New York-based company is currently trading at $2.65 per share. Wall Street analysts see PLUG stock advancing an additional 51% over the next 12 months, putting it at $4.00, though that might be a little conservative.
Plug Power's share price has a history of flirting around the $5.00 level. Right now, it has near-term resistance near.
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