Plug Power (NASDAQ:PLUG) stock is getting a boost on Tuesday after the hydrogen and fuel cell development company announced an update on its hydrogen plants.The big news that has PLUG stock excited is its hydrogen plants in Georgia and Tennessee reaching their nameplate capacity. The company also notes that its Louisiana plant is on track to reach mechanical completion by the end of Q3 2024.Plug Power CEO Andy Marsh said the following about the hydrogen advancements.“As part of our initiative to strengthen ...

Plug Power (PLUG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this alternative energy company have returned -24.6%, compared to the Zacks S&P 500 composite's -4% change. During this period, the Zacks Manufacturing - Electronics industry, which Plug Power falls in, has lost 4.6%. The key question now is: What could be the stock's f ...

Plug Power stock once rose 3,600% in value. Can shares double again over the next 5 years?Plug Power (PLUG 1.11%) stock has a history of soaring in value. Once, in a single year, shares increased 36 times in value. A $500 investment would have grown into $18,000 in just 12 months.Plug Power's management team is arguing that the company's best days are ahead of it. Could shares double again over the next five years?Expect Plug Power stock to be volatilePlug Power has an extremely volatile history, full of hu ...

Plug Power (PLUG) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this alternative energy company have returned -8.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The Zacks Manufacturing - Electronics industry, to which Plug Power belongs, has gained 0.3% over this period. Now the key question is: Where could the stock be headed in the near te ...

Plug Power stock (NASDAQ:PLUG) is in a difficult spot. The company obviously has a viable business and product. It has a list of top-name partners either using its products and services or helping it build out a vertical supply chain.On the other hand, Plug Power stock can’t make money. It is selling its fuel cells at a significant loss resulting in negative cash flows as it burns through the cash it has on hand. It’s why it was forced to include a going concern notice last year, though it subsequently remo ...

The company's new plant is online. Is that enough to make the stock a buy?There's a push for corporations to lower their carbon footprints, and hydrogen is a clean fuel source because it only produces water as a byproduct. Plug Power (PLUG 4.17%) has spent years billing itself as the leading hydrogen fueling company.But today, the stock hovers near its 52-week lows. The company's new large hydrogen facility is ramping up, a considerable development. Should investors buy Plug Power for its long-term potentia ...

The company issued a warning last year that often precludes bankruptcy.It's been a difficult few years for Plug Power (PLUG -0.32%), which has seen its stock fall from over $70 in early 2021 to under $4 today.In November 2023, when it filed its 10-Q for the third quarter, the company issued what is referred to as a "going concern" warning projecting that it may not have enough cash to fund its operations and capital expenditure requirements over the next 12 months. Such warnings are often a prelude to a com ...

Plug Power (PLUG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this alternative energy company have returned -19.7% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Manufacturing - Electronics industry, to which Plug Power belongs, has gained 6.5% over this period. Now the key question is: Where could the stock be headed in the near term?Whi ...

From the depths of despair, the most epic rallies can emerge. Or at least, that’s the going theory for Plug Power’s (NASDAQ:PLUG) brave, steadfast investors in 2024. There are no guarantees whatsoever, but Plug Power stock could stage a comeback in the coming months, as the company has already been through the wringer and is still standing.Granted, there’s a big difference between just surviving and actually thriving. Can Plug Power actually bridge that gap? Anything’s possible on Wall Street, so risk-toler ...

Plug Power (NASDAQ:PLUG) stock is leading the green hydrogen revolution. It has established itself as the only one-stop shop for obtaining fuel cells, electrolyzers and green hydrogen fuel. The problem is, creating the entire infrastructure from top to bottom is expensive. Unfortunately, Plug Power has a long history of being unable to do so profitably.The company continuously burns through cash forcing it to tap the equity markets and heavily dilute shareholders. PLUG stock burned through $1.9 billion in c ...