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    Vizio Swings to 1Q on Decline in Device Sales

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    Clean Harbors (NYSE:CLH) Downgraded by StockNews.com

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    Dutch Bros. stock spills 37% lower after forecast cut due to inflation

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    Cisco Systems Inc. stock falls Thursday, underperforms market

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    Rivian stock dives into record-low territory after Ford disclosed it sold more than $200 million worth of shares

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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

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    Corus Entertainment 4Q Profit Falls

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    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

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    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    CN Rail Stock Is So Undervalued That it’s Absurd

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    Vizio Swings to 1Q on Decline in Device Sales

    Vizio Swings to 1Q on Decline in Device Sales

    High Inflation Leaves Food Banks Struggling to Meet Needs

    High Inflation Leaves Food Banks Struggling to Meet Needs

    Nintendo’s Profit Dips Slightly as Switch Console Sales Slow

    Nintendo’s Profit Dips Slightly as Switch Console Sales Slow

    Wall Street’s Losses Worsen as Markets Tumble Worldwide

    Wall Street’s Losses Worsen as Markets Tumble Worldwide

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    Clean Harbors (NYSE:CLH) Downgraded by StockNews.com

    Wells Fargo & Co. stock falls Thursday, underperforms market

    Wells Fargo & Co. stock falls Thursday, underperforms market

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    Boeing, American Express share losses contribute to Dow’s 240-point drop

    Dutch Bros. stock spills 37% lower after forecast cut due to inflation

    Dutch Bros. stock spills 37% lower after forecast cut due to inflation

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    Tesla, Twitter Shares Drop as Elon Musk’s Legal Issues Grow

    Cisco Systems Inc. stock falls Thursday, underperforms market

    Cisco Systems Inc. stock falls Thursday, underperforms market

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    DocGo (NASDAQ:DCGO) Sets New 12-Month Low After Analyst Downgrade

    Rivian stock dives into record-low territory after Ford disclosed it sold more than $200 million worth of shares

    Rivian stock dives into record-low territory after Ford disclosed it sold more than $200 million worth of shares

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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

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    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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Plug Power’s stock drops after Truist slashes price target citing policy uncertainty, rotation out of growth stocks

Editorial Staff by Editorial Staff
January 24, 2022
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Plug Power’s stock drops after Truist slashes price target citing policy uncertainty, rotation out of growth stocks

Shares of Plug Power Inc. PLUG, -1.71% dropped 4.1% toward an 8 1/2-month low in premarket trading Monday,. after Truist analyst Tristan Richardson slashed his price target by nearly 40%, and cut his targets on several other alternative energy stocks, as a result of U.S. policy uncertainty and a broad rotation out of growth equities. For Plug, Richardson kept his rating at hold but cut his stock price target to $27 from $44. He said that while the alternative energy space tends to see seasonal strength around this time, the rising interest rate environment, which is making growth stocks less attractive, and risks associated with supply chain dynamics are also weighing on the sector. Plug’s stock has tumbled 35.6% over the past three months through Friday while the S&P 500 SPX, +0.28% has slipped 3.2%. Among some of the other stocks Richardson cut targets for, he lowered Ballard Power Systems Inc. BLDP, -0.51% to $13 from $18, SunPower Corp. SPWR, +5.79% to $20 from $35, Bloom Energy Corp. BE, +0.32% to $20 from $33 and Enphase Energy Inc. ENPH, +1.65% to $200 from $290.

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Microsoft stock dives to lead the Dow’s decliners, as it closes in on bear-market territory

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Vizio Swings to 1Q on Decline in Device Sales

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