Plug Power (PLUG -10.30%) stock has been tumbling ever since it reported its third-quarter results in early November. A new announcement today has the stock dropping even further. Plug shares were trading near the day's low, down by 10.2% as of 12:40 p.m. ET.With today's drop, Plug Power stock has plummeted by nearly 50% in just the last two months.Is bad news on the way?In its third-quarter report, the company stated, "[W]e continue to incur losses and might never achieve or maintain profitability." It als ...

Plug Power (PLUG -2.91%) rode a hype wave during the pandemic, but recently the company has had to face financial reality. The cash-flow burn is unsustainable and the balance sheet is getting more stretched by the day.In this video, Travis Hoium shows why this is one stock you want to avoid today.*Stock prices used were end-of-day prices of Jan. 12, 2024. The video was published on Jan. 15, 2024. ...

Shares of Plug Power (PLUG -4.64%) plunged 63.6% in 2023, according to data provided by S&P Global Market Intelligence. And year to date in 2024, the stock has dropped by another 20%, leaving the hydrogen stock down by a staggering 78% over the past 12 months.Although Plug Power sealed several deals in 2023, its operational performance consistently failed to meet investors' expectations. With the company struggling to stay afloat, Plug Power stock is heading even lower.When Plug Power spooked investorsWhen ...

Shares of fuel cell maker Plug Power (PLUG -8.04%) tumbled 10% in early trading on the Nasdaq Thursday, before recovering to a (still sizable) 7.1% loss as of 1:05 p.m. ET, after a team of analysts at Susquehanna downgraded the stock from positive to neutral.Susquehanna also cut its price target on Plug stock in half, to just $4.50 per share.Better late than never?Reports on Susquehanna's reasons for the downgrade are a little confusing. The Fly, for example, quotes Susquehanna saying renewable energy stock ...

Plug Power Stock Slides as a Bull Gives Up for Now ...

Plug Power Inc.’s stock PLUG, -3.81% fell 1.2% in early trade Thursday, after SIG Susquehanna downgraded the stock to neutral from positive and said it expects the residential alternative energy segment’s recent headwinds to continue into the first half of the year before a demand pickup. Analysts led by Biju Perincheril also downgraded SunPower Corp. SPWR, -0.51% to neutral from positive. “Recent discussions with companies indicate the U.S. residential solar market demand remains weak, led by a slower tha ...

Plug Power (PLUG -4.52%) stock had been dropping consistently for months in 2023 until it gave investors some respite just before the new year. The hydrogen stock rebounded and gained 11.4% in December, according to data provided by S&P Global Market Intelligence. Investors are now wondering whether the stock has bottomed out and could rally this year.Why investors bet on Plug Power despite all its problemsPlug Power's third-quarter numbers, released in November, raised several red flags. The company, which ...

Plug Power (NASDAQ: PLUG) stock price remained in a consolidation phase this week as investors assessed the next actions by the cash-strapped company. The stock was trading at $4.35 on Thursday, where it has been in the past few weeks. It has plunged by over 64% in the past 12 months, giving it a market cap of over $2.6 billion.Cash is running outCopy link to sectionPlug Power has been a disappointing investment for all involved in the past few years. After peaking at $75.56 in January 2021, it has crashed ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Growth stocks overall had a great recovery year in 2023, but that wasn't the case for Plug Power (PLUG -4.46%). Shares struggled as losses mounted and the company itself questioned if it would survive without more funding.In this video, Travis Hoium highlights the challenge for Plug Power and explains why this may not be a good place for your money in 2024.*Stock prices used were end-of-day prices of Dec. 28, 2023. The video was published on Dec. 31, 2023. ...