Plug Power Soars 11% On Wall Street Analyst Tweet

By Sue ChangMarketWatch Pulse

Shares of Plug Power Inc. surged on Monday following a tweet from a stock analyst who said the hydrogen fuel-cell maker is his top pick. "I'll be putting out my thoughts later this week on $PLUG via SA detailing why the company is my #1 rated forensic pick...Stay tuned," Matt Margolis, chief research analyst at Wall Street Forensics, said via Twitter. Plug Power is slated to report quarterly results next week. Analysts forecast the company to report a third-quarter loss of 5 cents a share on revenue of $30.7 million. Plug Power shares jumped 11% to $2.67 but are off 11% year to date.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below