The Energy Select Sector SPDR Fund (NYSEMKT:XLE) is up by about 7% year-to-date, although Plug Power (NASDAQ:PLUG) stock is trailing that return by a wide margin with its loss of 29%.However, PLUG stock has been up over 15% since it reported its first-quarter earnings on May 9. On March 14, the green hydrogen company announced that it had received a $1.66 billion conditional commitment loan guarantee from the Department of Energy’s Loan Programs Office.During the quarter, Plug’s revenue fell by a significan ...

Shares of Plug Power (NASDAQ:PLUG) stock are up by about 35% during the past month. According to Citi, there are several factors behind the surge.The first is a play on renewable energy companies resulting from an increased energy demand from artificial intelligence (AI). According to the International Energy Agency (IEA), the energy used in AI, data storage and cryptocurrency is forecasted to double by 2026.The second factor is a short squeeze, which seems rational. As of May 15, PLUG stock had a high shor ...

Vancouver, British Columbia--(Newsfile Corp. - May 24, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), is pleased to announce the closing of its early warrant exercise program (the "Program"), as previously announced by the Company in its news release dated May 7, 2024 (the "Initial News Release"), with respect to 15,900,000 share purchase warrants issued pursuant to the Company's private placement completed on May 16, 2023 (the "Eligible Warra ...

It’s been a notably strong day for investors in hydrogen fuel cell maker Plug Power (NASDAQ:PLUG). Shares of PLUG stock have surged more than 7% in today’s session on news that the company is partnering with Delta Airlines (NYSE:DAL) to investigate whether establishing hydrogen power infrastructure at the Atlanta airport is feasible.This will be among the most significant feasibility studies for Plug Power, and could pave the way for a much more sustainable future in the aviation world. The two companies ar ...

Plug Power (NASDAQ:PLUG) is at the forefront of the hydrogen-power movement of the 2020s. However, it’s not prudent to over-invest in Plug Power. Position sizing is crucial with Plug Power stock, as there are risks involved and share-price volatility should be expected. Don’t get me wrong. I’m rooting for Plug Power to succeed and eventually post a quarterly profit, though that goal remains elusive.Still, I like the way Plug Power continually innovates and advances fuel-cell technology. Someday, the company ...

LATHAM, N.Y., May 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, Airbus, Hartsfield-Jackson Atlanta International Airport (ATL), and Delta Air Lines have joined forces to study the feasibility of a hydrogen-based hub at the world's busiest airport in support of advancing a more sustainable future of travel. The study, which was preliminarily launched earlier this year, will help define the infrastructure, operat ...

Energy Plug Appoints Jonathon Redbird to Board of Directors and Retains Renmark Financial Communications Inc.May 21, 2024 9:29 AM EDT | Source: Energy Plug Technologies Corp.Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology company dedicated to innovation and sustainability, is pleased to announce the appointment of an additional member to the Company's Board ...

NEW YORK, May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Plug Power Inc. (NASDAQ: PLUG).Shareholders who purchased shares of PLUG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/plug-power-inc-loss-submission-form-3/?id=80717&from=4 CLASS PERIOD: March 1, 2023 to Janu ...

The hydrogen story holds significant potential. We can see that with cheap hydrogen stocks like Plug Power (NASDAQ:PLUG), for example, which ran from a low of about $2.80 to $4.90. This boom came from the news that it received a commitment for a loan guarantee of up to $1.66 billion from the U.S. Department of Energy. That money is expected to fund about six green hydrogen production facilities across the U.S.“I think the loan kind of validates the vision,” said Plug Chief Executive Officer Andy Marsh in an ...