Plug Power Stock Gets a Downgrade. Here's Why.
Plug Power stock was declining after a Seaport Research analyst removed his Buy rating on shares.
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Plug Power stock was declining after a Seaport Research analyst removed his Buy rating on shares.
BMO Capital Markets cut its rating on hydrogen-technology firm Plug Power to Underperform from Market Perform.
The hydrogen-technology company Plug Power said it has finished negotiating terms for a $1.6 billion loan from the Department of Energy.
Plug Power installed its first system at Amazon.com that will produce hydrogen fuel for forklift trucks at a fulfillment center in Aurora, Colo.
Plug Power stock has already been beaten up, but Morgan Stanley sees further concerns for the clean energy company’s future.