Plug Power falls 5% after JPMorgan calls the company 'fully-valued,' issues price target below current level

Miquel Gonzalez/Shell Plug Power fell 5% on Thursday after JPMorgan initiated the hydrogen fuel-cell manufacturer at “neutral” with a $60 price target, representing potential downside of 14% from Wednesdays close. Despite the downside price target, JPMorgan believes Plug Power is a first-mover in what represents a “massive market opportunity” that […]

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US stocks slide as disappointing bank earnings prompt end-of-week sell-off | Currency News | Financial and Business News

REUTERS/Brendan McDermid US stocks sank on Friday as investors digested disappointing bank earnings and a December slump in retail sales. Retail sales shrank 0.7% in December as COVID-19 lockdowns cut into holiday-season spending, according to Census Bureau data published Friday. Economists expected sales to hold flat from November. Less-than-stellar earnings […]

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