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Here's Why Alibaba, Plug Power And Tesla Are Moving

Benzinga2021-04-12

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature inBenzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.

Here’s the latest analyst rating updates for Alibaba, Plug Power and Tesla.

Alibaba Group Holding Ltd - ADR BABA 0.01% shares are trading higher after the company was fined $2.8 billion by Chinese regulators, which investors speculate may resolve ongoing government investigations into the company.

Alibaba is the world's largest online and mobile commerce company. The company operates China's most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer).

Shares of Alibaba are trading higher by 5.85% at $236.38 in Monday’s premarket session.

Morgan Stanley downgrades Plug Power Inc PLUG from Overweight to Equal-Weight and announces a $35 price target.

Plug Power provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe.

Shares of Plug Power are trading lower by 1.89% at $31.69 in Monday’s pre-market session.

Canaccord Genuity upgrades Tesla Inc TSLA from Hold to Buy and raises the price target from $419 to $1071.

Tesla designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China and internationally.

Shares of Tesla are trading higher by 1.38% at $686.39 in Monday’s pre-market session.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment18

  • zero2hero
    ·2021-04-13
    Should I buy a couple of alibaba and tesla stock and wait for few yearss?
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    • Snakekiller
      For long term, yes
      2021-04-14
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  • CynDEEEEEE
    ·2021-04-13
    will they continue to grow and hold out in the long run? what do you think?
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  • Chewy
    ·2021-04-12
    Finally!!
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  • etf29
    ·2021-04-12
    Tesla to the moon
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  • kittydana
    ·2021-04-12
    cool
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  • Yuyu37
    ·2021-04-12
    Go BABA
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  • Gracedotcom
    ·2021-04-12
    Will they continue to move??
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  • y2k
    ·2021-04-12
    Yeap movers 
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    • y2k
      Hey
      2021-04-19
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    • J999
      Haha rights
      2021-04-19
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  • AT2020
    ·2021-04-12
    Li is the weakest than Nio and Xpeng
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  • rayhky
    ·2021-04-12
    Can hold this share?
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    • rayhky
      not a good sign
      2021-04-13
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  • samfernando
    ·2021-04-12
    Baba.. Worth a look now... Next catalyst will be their Cloud
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  • Didilai
    ·2021-04-12
    Thanks for sharing
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    • Jojofi
      [得意]
      2021-04-12
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    • Didilai
      [财迷]
      2021-04-12
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    • Yuyu37
      Ok
      2021-04-12
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    View more 1 comments
  • Demiiwang
    ·2021-04-12
    ??
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  • CindyXinShou
    ·2021-04-12
    Why others EV company drop so much since last week? 
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  • Caipeng4L
    ·2021-04-12
    Worst over for baba
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    • Zarkness
      I gUess migHt not B over. their ant still have many works to do to get regulated and then can ipo
      2021-04-12
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    • Ola5528
      Hopefully the fine will be the end of the saga. not sure if there will be any new regulations introduced in the next few months that may impact their business?
      2021-04-12
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  • Asycroft
    ·2021-04-12
    I need NIO to move too
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    • CynDEEEEEE

      reckon they will.. just gotta be patient

      2021-04-12
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    • Nickeando
      Nio wilL move soon !!!
      2021-04-12
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    • sweeswee96
      Yes, me too...
      2021-04-12
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    View more 2 comments
  • BibiLoh
    ·2021-04-12
    TSLA 
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  • Natmurali
    ·2021-04-12
    But li auto not moving any reason?
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    • Avestor
      I agree. There is investor bias, Whereby American companies are better regarded
      2021-04-12
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    • LJYOng
      Because not USA company
      2021-04-12
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