Plug power price targets rose after two acquisitions

Plug Power Actions (PLUG) – Get report It jumped on Wednesday after analysts at B. Riley and Cowen raised their price targets at the green energy company after two acquisitions it made on Tuesday.

B. Riley analyst Christopher Souther raised his price target to $ 8 a share from $ 7 while Jeff Osborne of Cowen raised his price target to $ 9 from $ 6.

Plug Power’s shares in the last check were 14% higher at $ 7.31. In trading Wednesday morning, they were up nearly 21%. The increase added to Tuesday’s 15% advance.