Plug Power's Trend May Be Reversing Upward: First Target at $5

PLUG has lost 98% of its value since the beginning of 2021. Despite three corrections during this period, a trend reversal has not occurred.

However, the demand seen since September 2024 indicates that the price might be in a trend reversal phase.

If this is the case, the first price target is expected to be $5. Should the upward trend continue, the second target could be $7.5.