Plug Power Inc. (PLUG) saw its stock price plummet by 5.22% during intraday trading on Tuesday, marking a significant downward movement for the hydrogen fuel cell company.

The decline followed analyst actions from Wells Fargo, which maintained an Equal-Weight (Hold) rating on the stock while raising its price target to $2.50 from $2.00. This modest target price adjustment with a neutral rating may have disappointed investors who were anticipating a more bullish outlook, leading to selling pressure during the session.