Plug Power Is an Industry Leader, Analysts Say. But the Stock Is Dropping. – Barrons

Plug Power shares were dropping Wednesday, even after KeyBanc Capital Markets initiated coverage on the stock with an Overweight rating.

Analyst Leo Mariani sees Plug Power (ticker: PLUG) as a leader within the fuel cell industry, due to its high revenue growth, scalable business, and strong corporate partnerships. Mariani’s price target for the stock is $40.

Plug…