Jim Cramer on Plug Power: “I Still Can’t Believe It’s Around”

Plug Power Inc. (NASDAQ:PLUG) is one of the stocks Jim Cramer recently talked about. A caller inquired if Cramer sees the stock as a long play investment, and he remarked:

“I still can’t believe it’s around. I mean, frankly, I mean, how much money can you lose over a certain period of time and still be allowed to be called a stock? Okay, what can I say? That’s my view.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

Plug Power Inc. (NASDAQ:PLUG) manufactures hydrogen fuel cell systems, electrolyzers, and hydrogen storage and fueling solutions. On October 16, Morgan Stanley analyst David Arcaro raised the firm’s price target on the company’s stock to $1.50 from $0.75 while maintaining an Underweight rating on the stock. The analyst stated that safe harbor volumes and orders are expected to start benefiting both residential and utility-scale U.S. solar equipment producers. He also noted that tariff effects will likely remain as the main topic in management discussions.

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Disclosure: None. This article is originally published at Insider Monkey.