Plug cryogenic trailers have been filled with liquid hydrogen for delivery at east coast pedestal customer sites - two days following commencement of operations. Design improvements on the Tennessee plant enhance the efficiency of the generation facility. Between Georgia and Tennessee, Plug now has about 25 tons per day of liquid hydrogen production capacity, further enhancing the overall generation network in the US. LATHAM, N.Y., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global le ...

Plug Power (NASDAQ:PLUG) stock has taken a sharp downward turn despite news that the liquid hydrogen maker has restarted operations at its Charleston, Tennessee plant. Indeed, PLUG stock is in the red by 6% today even given the company’s new production capacity.What’s bringing PLUG stock down today?Well, investors seem to be more preoccupied with a recent downgrade than Plug Power’s new production milestone. Specifically, Seaport Research analyst Tom Curran recently downgraded shares to “neutral” from “buy” ...

Plug Power Inc. shares have been subject to volatile swings over the past couple months, and now a Seaport Research analyst is recommending a neutral stance.Seaport’s Tom Curran thinks the risk-reward profile for the alternative-energy stock looks “balanced” at current valuations, as he waits for more positive signals about the clean-hydrogen economy and about Plug Power’s PLUG, -6.76% financial situation. Curran cut his rating on the stock to buy from neutral Tuesday. Shares of Plug Power, which provides h ...

Implemented design improvements on Tennessee plant which further enhances the efficiency of the generation facility Between Georgia and Tennessee, Plug now has about 25 tons per day of liquid hydrogen production capacity, further enhancing the overall generation network in the US LATHAM, N.Y., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has re-started operation of its hydrogen plant in Charleston, Tennes ...

Monday is shaping up to be a be a bad day to own renewable energy stocks. Shares of hydroelectric, wind, and solar power plant operator Brookfield Renewable Energy (BEPC -3.64%) fell 4.1% through 11:20 a.m. ET, while smaller hydrogen company Plug Power (PLUG -6.54%) and solar power provider SunPower (SPWR -11.15%) sank 6.3% and 8.7%, respectively.To find out why, let's open up the pages of USA Today's Sunday edition, which reported that "U.S. counties are blocking the future of renewable energy." The vast p ...

In the latest market close, Plug Power (PLUG) reached $4.66, with a -0.85% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.07%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq increased by 1.74%.The the stock of alternative energy company has risen by 9.56% in the past month, leading the Industrial Products sector's gain of 0.38% and the S&P 500's gain of 2.93%.The investment community will be closely monitorin ...

Plug Power (PLUG -1.60%) stock absolutely crushed the market this week, surging a massive 42% at its highest point in trading through noon ET Friday, according to data provided by S&P Global Market Intelligence. Investors in Plug Power are accustomed to wild price swings, but they found several reasons to bet on the languishing hydrogen stock this week.One analyst believes Plug Power stock could doublePlug Power stock surged more than 30% last week as well, after the company said it had negotiated a loan of ...

LATHAM, N.Y., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has signed a contract to deliver a Basic Engineering and Design Package (BEDP) for a 500 megawatt (MW) electrolyzer project in Europe. The contract, signed on January 29, 2024, increases Plug's total amount of BEDP contracts to 4.1 gigawatts (GW). Plug started offering a Basic Engineering Design Package (BEDP) to the market in 2022. The BEDP provi ...

Plug Power (NASDAQ:PLUG) stock is enjoying a strong day in the market following a company disclosure that it has filled its first tanker with liquid hydrogen at its newly opened Georgia plant. Indeed, the liquid hydrogen will be used by the likes of Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN), and Home Depot (NYSE:HD). The amount of liquid hydrogen shipped is expected to power more than 3,200 forklifts a day, according to the company.PLUG stock responded positively to the news, climbing upwards of 15% in early ...

Plug Power (PLUG 4.49%) stock just keeps plugging ahead. It jumped as much as 15.5% today. Even though it pared those gains to 4.7% as of 12:15 p.m. ET, shares of the hydrogen fuel company are still about 35% higher over the past week.Its stock has struggled over the last year, along with the stocks of other renewable energy companies. Plug's shares, though, have been hit particularly hard, as its cash reserves have been dwindling, and it announced last month that it reached an agreement with an investor to ...