Plug Power stock leaps after Clear Street upgrade — what traders are watching next
NEW YORK, Jan 3, 2026, 18:06 ET — Market closed Plug Power Inc. shares jumped about 13% in the last U.S. regular session, closing at $2.23 after swinging between $2.00 and $2.27. More than 120 million shares changed hands. The move followed a research update from Clear Street, which upgraded Plug Power to “buy” from “hold” and set a $3 price target. Analyst Tim Moore said Plug has a “path to profitability,” pointing to about $200 million in annual cost savings, higher pricing and operating leverage that could lift margins as early as the June quarter. TipRanks Why this matters