Plug Power Stock Surges. Morgan Stanley Boosts Price Target by 51%.

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Shares of hydrogen fuel-cell technology Plug Power were rising sharply Friday after Morgan Stanley analyst Stephen Byrd boosted his price target on the stock by 51%.

The stock was up nearly 9% to $43.90 on Friday.

Byrd raised his price target on Plug Power (ticker: PLUG) to $65 from $43, citing an increase in revenue estimates after management…