Plug Power Inc's stock soared 5.45% during Friday's intraday trading session, following a bullish analyst outlook that highlighted the company's strategic initiatives and its Project Quantum Leap.
TD Cowen analyst Jeff Osborne maintained a Buy rating on Plug Power and set a price target of $4.00 on March 5th. Osborne cited the company's strategic initiatives and its Project Quantum Leap as key drivers for the bullish outlook.
Plug Power's Project Quantum Leap aims to build a gigafactory to produce green hydrogen at an unprecedented scale, supporting the company's efforts to drive the global transition to a green hydrogen economy. Investors appear optimistic about Plug Power's prospects, fueling the stock's surge on Friday.
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