Jim Cramer's Mad Dash: PLUG BIDU

NEW YORK (TheStreet) -- Plug Power (PLUG) is in the "very speculative" part of the stock market, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment Friday. 

The company issued a 22.6 million share secondary offering, which is weighing on the stock price. Cramer said investors could be in for a rough ride if shares begin to break below $5.50, the pricing of the secondary. 

Turning to Baidu (BIDU), Deutsche Bank upgraded the stock to buy from hold and raised its price target to $229 from $178. 

The company reported a "terrific" earnings report, Cramer said, adding that investors are rewarding Chinese stocks that still have strong growth. 

Alibaba, the Chinese e-commerce giant, is expected to go public sometime in late summer or early fall, according to David Faber, the CNBC show's co-host.

Cramer added the Alibaba IPO should "reignite" shares of Yahoo! (YHOO), which owns a 24% stake of Alibaba.  He concluded that he likes Yahoo!, even after the Alibaba IPO and because of CEO Marissa Mayer. 

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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