Shares of Greenidge Generation (NASDAQ: GREE) rose on Wednesday, following positive analyst commentary. By the close of trading, the power generation and cryptocurrency mining company’s stock price was up 6.8% after rising as much as 36.7% earlier in the day.
B. Riley analyst Lucas Pipes placed a buy rating on Greenidge’s shares. He sees the stock soaring to $78 per share, or more than triple its current price.