Plug Power (PLUG)

by | Nov 22, 2021 | Daily Trade Alerts

Take a look at Plug Power (PLUG).

The stock is just beginning to break from consolidation around round $42, and could potentially test its prior high of $67, near-term.

For one, Morgan Stanley analyst Stephen Bird just boosted his price target on the PLUG from $43 to $65 thanks to optimism on its Q3 earnings call.

Two, hydrogen demand is only expected to rise. In fact, according to a Hydrogen Council report, global demand for renewable and low carbon hydrogen could increase by 50%. Hydrogen Council executive director Daryl Wilson added: “Put simply – there is no climate solution without hydrogen, as quoted by ReNewz.biz.

Also, late last week, we mentioned Roblox Corp. (RBLX), as it traded at $130.

This morning, it’s set to open at $138.25, and could move even higher over metaverse excitement. Helping, Nike just created “Nikeland” on Roblox, becoming one of the first brands to launch on the metaverse, reports Reuters.

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