Plug Power (PLUG -2.82%) has been through turbulent times before, but the recent drop in the stock and growing losses make this different from previous downturns. In this video, Travis Hoium covers why this won't end well for Plug Power without the company turning major parts of its operation around soon.*Stock prices used were end-of-day prices of Jan. 23, 2024. The video was published on Jan. 23, 2024. ...

While Plug Power (NASDAQ:PLUG) stock jumped 30% on Jan. 23 on hopes of it receiving a government loan, some analysts are telling investors to “pull the plug.”BMO Capital cut its rating to “underperform,” predicting Plug Power will need new capital before it can get the $1.6 billion loan it’s seeking from the Department of Energy. Plug Power opened this morning at $3.76 per share, a market capitalization of about $2.22 billion on estimated 2023 sales of $900 million. Over the last year, PLUG stock has fallen ...

In the first three trading weeks of 2024 alone, Plug Power (PLUG 18.34%) stock had shed a whopping 40% in value. The only saving grace for the hydrogen stock would be its annual business update -- investors hoped the company would address some of its biggest concerns and help the languishing stock rebound.That pretty much explains what's happened today: Plug Power stock surged on Tuesday and was up 15% as of 11:30 a.m. ET. The stock had risen 23.9% earlier in the morning.What update did Plug Power provide t ...

This week is off to a good start for Plug Power (NASDAQ:PLUG). The hydrogen fuel cell technology company watched shares plunge last week after it announced a new stock offering. As PLUG stock struggled, speculation rose that investors could expect a Plug Power short squeeze. With a new week underway, though, tides appear to be shifting. The company has announced the finalization of a $1.6 billion loan from the U.S. Department of Energy. This coincided with news that Plug Power is opening a new liquid green ...

Plug Power (NASDAQ:PLUG) is up by more than 15% today despite a Truist Securities price target reduction to $3 from $6 this morning. Truist also reiterated its “hold” rating on shares. Before that, Citi lowered its price target to $3.25 per share from $5 on Jan. 18 while reiterating a “neutral” rating. PLUG stock carries an average price target of $8.04 among 25 analysts with coverage of the stock.However, it appears that the Truist price target change occurred before Plug’s big announcement this morning.Pl ...

After taking some hits last week, Plug Power (NASDAQ:PLUG) is back in the green today in more ways than one. Recently, the hydrogen fuel cell company launched what it describes as the “largest liquid green hydrogen plant in the U.S. market.” This news has sent PLUG stock surging and, despite some early morning volatility, shares remain highly elevated as momentum builds for the development.Plug certainly needed a positive catalyst after news of a new stock offering pushed shares down last week. Now, the com ...

Plug Power (PLUG 16.55%) stock is seeing explosive gains in Tuesday morning trading. The hydrogen-power company's share price was up by 19.7% as of 10:30 a.m. ET, according to data from S&P Global Market Intelligence.Before the market opened Tuesday, Plug Power published a press release announcing that it had started to produce green liquid hydrogen at its plant in Georgia. Per the announcement, that operation is the largest U.S. manufacturing plant in its category, and is capable of producing 15 tons of li ...

Plug Power Inc. (NASDAQ:PLUG) Q4 2023 Earnings Conference Call January 23, 2022 8:30 AM ET Company Participants Meryl Fritz - Marketing Communications Manager Andy Marsh - Chief Executive Officer Paul Middleton - Chief Financial Officer Conference Call Participants James West - Evercore Colin Rusch - Oppenheimer Aaron Spychalla - Craig-Hallum Bill Peterson - JPMorgan Craig Irwin - ROTH Capital Partners Steve Fleishman - Wolfe Research Sherif Elmaghrabi - BTIG Brett Castelli - Morningstar Operator Greetings. ...

Beleaguered alternative-energy company Plug Power Inc. offered a positive funding update Tuesday morning, helping to send its shares soaring in premarket action. Plug Power PLUG, +13.65%, which provides hydrogen fuel-cell technology, finalized a term-sheet negotiation with the Department of Energy for a $1.6 billion loan facility, Chief Executive Andy Marsh said on an investor call Tuesday. The company has been experiencing liquidity challenges, issuing a going-concern warning late last year and disclosing ...

Landmark Achievement for Plug's Vertically Integrated Green Hydrogen Ecosystem and the Largest Proton Exchange Membrane (PEM) Electrolyzer in the United States Plant is a First-Hand Customer Showcase for Electrolyzer-Produced Hydrogen LATHAM, N.Y., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has started operation of the largest liquid green hydrogen plant in the U.S. market. A truly unique accomplishment ...