Pioneering in the hydrogen fuel cell tech for e-motors, Plug Power (NASDAQ:PLUG) is a game changer in the transportation sector. Despite concerns over its viability due to significant cash burn, the PLUG stock remains a speculative green energy gamble. The company has expanded hydrogen production, with plants in Georgia and Tennessee at full capacity and another in Louisiana expected to be completed by Q3 2024. To improve finances, PLUG implemented a plan to cut operational expenses by $75 million annually, ...

The company got another lifeline from the U.S. government, giving it more time to build a sustainable business.Fool.com contributor Parkev Tatevosian discusses what the latest loan from the U.S. Department of Energy could mean for Plug Power (PLUG -5.25%) stock investors. *Stock prices used were the afternoon prices of May 16, 2024. The video was published on May 18, 2024. ...

Plug Power stock has been very profitable for some, but the longer-term picture is surprising.Plug Power (PLUG -5.25%) stock has been a roller coaster. At times, over the past five years, shares have zoomed higher by more than 2,400%. At other times, shares have lost 90% of their value.If you had bought $500 of Plug Power stock five years ago and held on, how much would you have today?Plug Power as an investmentPlug Power is a hydrogen stock. Demand for hydrogen fuel is fairly low today, but in future decad ...

The story of growth just can't offset the massive dilution, the huge losses, and the weak balance sheet.In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the latest financial results, balance sheet, and trouble brewing for Plug Power (PLUG -5.25%). This video is a must-watch for anyone thinking to buy shares.*Stock prices used were from the afternoon of May 14, 2024. The video was published on May 17, 2024. ...

Hydrogen production is the key to the company's potential turnaround.When Plug Power (PLUG -5.25%) posted its first-quarter results, the issues that have plagued the company over the past year remained front and center. The biggest of these issues is the company's negative gross margins and cash outflows.The stock was down over 60% over the past year before news that the company received a huge $1.66 billion loan from the Department of Energy (DOE) sent shares skyrocketing higher. Let's look at its most rec ...

BENSALEM, Pa., May 17, 2024 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Plug Power Inc. ("Plug" or the "Company") (NASDAQ: PLUG).Class Period: March 1, 2023 – January 16, 2024Lead Plaintiff Deadline: May 21, 2024Investors suffering losses on their Plug investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 215-6 ...

NEW YORK, May 16, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Plug Power Inc. ("Plug" or the "Company") (NASDAQ: PLUG) and certain officers. The class action, filed in the United States District Court for the Northern District of New York, and docketed under 24-cv-00406, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Plug securities between May 9, 2023 and January 16, 2024, both dat ...

LATHAM, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the signing of a Basic Engineering and Design Package (BEDP) with Allied Green Ammonia (AGA), an Australian company focused on green ammonia production, for a three-gigawatt (GW) electrolyzer plant supplying hydrogen to AGA's planned ammonia facility proposed for the Northern Territory of Australia. Plug's BEDP offering is instrumental fo ...

LATHAM, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the signing of a Basic Engineering and Design Package (BEDP) with Allied Green Ammonia (AGA), an Australian company focused on green ammonia production, for a three-gigawatt (GW) electrolyzer plant supplying hydrogen to AGA’s planned ammonia facility proposed for the Northern Territory of Australia. Plug’s BEDP offering is instrumental f ...

Plug Power stock is a lot cheaper than it was in 2023, but there's a catch.Plug Power (PLUG 19.03%) stock has gotten a lot cheaper recently, at least when it comes to its share price. In 2023, shares topped out at around $12. Today, the stock is valued at under $3.Is this growth stock a buy after losing 75% of its value?Plug Power has dreams of massive growthPlug Power's management team has lofty expectations for the business. In 2027, executives expect to generate $6 billion in revenue. By 2030, they belie ...