Hydrogen fuel cell developer Plug Power (PLUG) recently was upgraded by a brokerage firm to "outperform" and its price target was boosted to $40 a share. Plug Power also announced here on Wednesday what it calls a "strategic partnership" with aircraft maker Airbus to study bringing its green hydrogen technology to aircraft and airports worldwide. PLUG is up in pre-market activity.
We reviewed PLUG on Oct. 8 and wrote, "The charts of PLUG have improved. Traders could either take a starter position at current levels and risk to $22 or look to buy strength above $30, risking to $25. The $50 area is our price objective for now."