H.C. Wainwright analyst Amit Dayal raised the firm’s price target on Plug Power to $85 from $60 and keeps a Buy rating on the shares. The company’s second major partnership announced within a span of a week “cements” its position as the leading hydrogen and fuel cell play in the world, Dayal tells investors in a research note. He believes the partnership with Groupe Renault is partly being driven by a favorable regulatory environment for non-combustion engine vehicle adoption in Europe.