Plug Power has 'rapid growth potential,' Morgan Stanley says in upgrade

In this illustration is displayed on a smartphone's screen the company logo of Plug Power, which specialises in design and manufacturing of hydrogen fuel cell systems, is shown on the screen of a smartphone in front of a blue backdrop of the global stock markets and worldwide indices in Frankfurt, Germany, on 12th June, 2020.
Alexander Pohl | NurPhoto | Getty Images

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Plug Power is poised to continue outperforming as multiple growth opportunities driven by advancements in scale and technology propel shares higher, Morgan Stanley said in a note to clients Monday.

The stock gained 13.3% on Monday following the bullish note.

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