LATHAM, N.Y., May 01, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured the first international safety and performance certification in Korea for electrolyzer manufacturing, enabling the commercial sale of Plug electrolyzer systems in the Korean market. This achievement was completed through Plug's collaboration with SK E&S in the form of SK Plug HyVerse, a joint venture aimed at advancing the hydrogen sector w ...

Learn why Citigroup's Vikram Bagri thinks Plug Power stock is a clear sell right now.Analysts can't seem to agree on Plug Power (PLUG 1.26%) stock. According to data compiled by FactSet, some analysts believe shares are worth $18 apiece, while others believe they're worth as little as $2. One of the biggest bears right now is Citigroup's Vikram Bagri, the analyst with a $2 price target. Why is Bagri so down on Plug Power stock? He recently listed four reasons he believes shares are a "sell." 4 reasons Bagri ...

The little hydrogen fuel cell maker still has a lot to prove.Plug Power (PLUG 1.26%), a developer of hydrogen fuel cell systems, was one of the biggest boom and bust stories of the dot-com bubble more than two decades ago. The company went public at a reverse split-adjusted price of $150 per share on Oct. 29, 1999, and its stock soared nearly tenfold to its record high of $1,498 on Mar. 10, 2000.But today, Plug's stock trades at about $2 a share. A $10,000 investment in its IPO would only be worth $160 toda ...

The latest trading session saw Plug Power (PLUG) ending at $2.41, denoting a +1.26% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 1.02% for the day. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, added 2.03%.Prior to today's trading, shares of the alternative energy company had lost 30.81% over the past month. This has lagged the Industrial Products sector's loss of 3.17% and the S&P 500's loss of 3.15% in that time.The upcoming earning ...

Plug Power (PLUG) ended the recent trading session at $2.38, demonstrating a -1.24% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.46%. At the same time, the Dow lost 0.98%, and the tech-heavy Nasdaq lost 0.64%.The alternative energy company's stock has dropped by 29.74% in the past month, falling short of the Industrial Products sector's loss of 2.71% and the S&P 500's loss of 3.04%.Market participants will be closely following the financial results of Plug P ...

Plug Power (NASDAQ:PLUG) recently reported that it reached maximum nameplate capacity at its plants in Georgia and Tennessee. However, that may not be entirely positive. This means that the hydrogen fuel cell company is producing 25 tonnes of liquid hydrogen every day. While demand for Plug’s main product is clearly robust, the market isn’t reacting well to this news. Indeed, PLUG stock is down today, even after the company announced new partnerships with clients in both Europe and the United States. This s ...

Plug Power (NASDAQ:PLUG) stock is on the move Thursday after the hydrogen and fuel cell company announced new deals in Europe and the U.S.According to a press release from Plug Power, the company has signed agreements that cover up to 350 megawatts of electrolyzers. The company notes that with these new deals its total Basic Engineering and Design Packages (BEDP) contracts come to 4.5 gigawatts.Plug Power’s BEDP contracts have experienced major growth since being introduced two years ago. This comes as the ...

LATHAM, N.Y., April 25, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has signed two additional contracts to deliver Basic Engineering and Design Packages (BEDP) for projects in Europe and the U.S. with a combined capacity of up to 350 megawatts (MW) of electrolyzers. These agreements enhance Plug's overall BEDP portfolio, bringing the company's total amount of global BEDP contracts to 4.5 gigawatts (GW). Since int ...

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 ...