Plug Power (PLUG)

Oct 26, 2021Trade Ideas

Just yesterday, we highlighted Activision Blizzard (ATVI) around $79.88. This morning, the beaten down game publisher is set to open around $82. Moving forward, we’d like to see the ATVI stock closer to $90, especially as we near the holidays.

Another hot stocks to keep an eye on is Plug Power (PLUG).

At the moment, it’s challenging overhead resistance at its 200-day moving average. If it can break above that, PLUG cold test $45 to $50, near-term. Analysts appear to be just as bullish. RBC Capital for example raised its target to $40 from $35. Morgan Stanley raised its target to $43 from $40. BMO Capital raised to $35 from $30. Truist raised to $36 from $29.

Piper Jaffray analyst Pearce Hammond’s “primary takeaway from Plug’s analyst day is the continued improvement in the company’s long-term outlook due to green hydrogen’s forward momentum. This was reflected in the 2025 revenue target of $3 B, which was ‘substantially higher’ than consensus expectations,” as noted by

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