More cash will solve some problems, but maybe not the ones that need to be solved.In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss the recent conditional loan approval that would be a lifeline for Plug Power (PLUG 19.03%), and what investors need to know before thinking about buying shares. Stocks also discussed include Linde (LIN -0.61%) and Bloom Energy (BE 8.05%).*Stock prices used were from the afternoon of May 14, 2024. The video was published on May 14, 2024. ...

Federal support might turn green energy companies suddenly profitable, but after decades of losses, you should be skeptical of that.Renewable energy stocks surged higher Tuesday after Plug Power (PLUG 20.24%) announced receipt of a $1.66 billion loan guarantee from the U.S. Department of Energy. Plug currently has two hydrogen fuel facilities producing at full capacity, with a third approaching that mark. Plug says the government assistance will help it to "finance the development, construction, and ownersh ...

Key TakeawaysPlug Power said Tuesday that it has received a conditional loan guarantee valued at up to $1.66 billion from the U.S. Department of Energy to add green hydrogen facilities.The company said it would use the money to pay for the development, construction, and ownership of as many as six new sites to produce hydrogen through splitting water molecules.Plug Power CEO Andy Marsh called green hydrogen essential to industrial decarbonization in the U.S. Shares of Plug Power (PLUG) skyrocketed Tuesday a ...

Plug Power wants to raise prices until its product becomes more popular. But that's not how economics works.Roaring Kitty's return to the social media platform Reddit inspired a surge in meme stock prices on Monday, and it's looking like Plug Power (PLUG 26.12%) stock is a prime beneficiary of the turnaround. Share prices of the forever-unprofitable hydrogen fuel cell company rose by double-digit percentages Monday, approaching consensus targets of about $3 a share.However, one analyst thinks Plug Power cou ...

Back in January, Plug Power (NASDAQ:PLUG) announced that it was in the process of closing on a $1.6 billion loan from the U.S. Department of Energy (DOE) with a rate no higher than 6.5%. At the time, Chief Financial Officer Paul Middleton noted that Plug expected to finalize the loan by the third quarter.This morning, Plug announced that the DOE’s Loan Programs Office (LPO) had agreed to provide it with an up to $1.66 billion conditional commitment loan guarantee. The proceeds of the loan will go toward dev ...

A new loan has investors gassing up their portfolios with this hydrogen stock.After plunging 7% last week, Plug Power (PLUG 29.07%) stock has been soaring to start this week. The hydrogen and fuel cell stock climbed 13% yesterday, and it's poised to lock in an even greater gain today thanks to the company's announcement that it has received a government loan guarantee.As of 10:34 a.m. ET, shares of Plug Power have ripped 34.8% higher.Looking into the government loanPlug Power announced today that it has rec ...

Plug Power Inc (NASDAQ: PLUG) is up more than 50% at writing after announcing a “conditional commitment” for a $1.66 billion loan guarantee from the DOE (Department of Energy). Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.What will $PLUG do with the new funds?Copy link to sectionThe $2.5 billion company based out of Latham, New York plans on using the funds to expand its network of hydrogen plants across the United States.  $PLUG is convinced the f ...

Key PointsPlug Power's Q1 2024 financial results fell short of expectations, but the company made significant progress in expanding its hydrogen infrastructure.The green hydrogen market presents significant opportunities and challenges for Plug Power as it seeks to establish itself as a leader in this rapidly changing industry.Plug Power's long-term success hinges on its ability to navigate market volatility, achieve profitability, and execute its strategic vision for building a comprehensive green hydrogen ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 1-34392 PLUG POWER INC. (Exact name of registrant as specified in its charter) Delaware 22-3672377 (State or Othe ...

Plug Power Inc. (NASDAQ:PLUG) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Meryl Fritz - Manager, Marketing and Communications Andy Marsh - President and Chief Executive Officer Paul Middleton - Chief Financial Officer Sanjay Shrestha - General Manager, Energy Solutions and Chief Strategy Officer Conference Call Participants James West - Evercore ISI Eric Stine - Craig-Hallum Manav Gupta - UBS Bill Peterson - JPMorgan Colin Rusch - Oppenheimer Chris Dendrinos - RBC Capital Ma ...