Plug Power (NASDAQ:PLUG) stock has been on a negative trajectory, with the company’s share price losing nearly half of its value since the start of the year. That said, a positive 5% move higher in PLUG stock at the time of this writing has some investors perking up, with a key catalyst on the horizon.Plug Power is set to report its second-quarter earnings results on Aug. 8, before the market open. This release will be accompanied by an earnings call at 8:30 a.m. Eastern, which can be accessed via the compa ...

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), announces that the Company intends to complete a non-brokered private placement (the "Private Placement") consisting of up to 20,000,000 common shares (each, a "Common Share") of the Company at a price of $0.05 per Common Share for gross proceeds of up to $1,000,000. The Company intends to use the net proceeds raised from the Private Placemen ...

Over the past month, Plug Power (NASDAQ:PLUG) shares have experienced roller coaster price action. In mid-July, Plug Power stock briefly entered rebound mode. At the time, renewed hopes for a possible “Fed pivot” on interest rates later this year sent PLUG and other renewable energy stocks higher.However, not too long after this short-lived rally, the pressure was back on Plug once again. Besides fading excitement about lower interest rates, an announced $200 million secondary offering of newly-issued share ...

Plug Power (PLUG) closed the most recent trading day at $2.40, making no change from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.5%. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, lost 1.28%.The the stock of alternative energy company has risen by 5.26% in the past month, leading the Industrial Products sector's gain of 4.4% and the S&P 500's gain of 0.1%.Investors will be eagerly watching for the performance of Plug Power in its upcoming earn ...

Shares of hydrogen fuel cell (HFC) specialist Plug Power (NASDAQ:PLUG) popped higher on Tuesday before dipping slightly following a key hiring announcement. The company announced that Dean Fullerton will step in as the new Chief Operating Officer. Previously, Fullerton worked at Amazon (NASDAQ:AMZN), where he led engineering services for North America, Europe and emerging markets. Though the announcement drew positive attention to PLUG stock, the underlying business environment remains challenging.According ...

Management says things are getting better, but this one number says something else entirely.In this video, Motley Fool contributor Jason Hall breaks down the latest with Plug Power (PLUG -3.61%) and offers up one number that should make investors very cautious about buying shares.*Stock prices used were from the morning of July 25, 2024. The video was published on July 29, 2024. ...

This little hydrogen energy company still has a lot to prove.Plug Power (PLUG 6.87%) was one of the hottest stocks of the dot-com bubble. The provider of hydrogen charging solutions went public at a reverse split-adjusted price of $150 in October 1999 and hit a record high of $1,498 on March 10, 2000.But today, Plug Power's stock trades at less than $3. Its investors retreated as the dot-com bubble burst, its growth slowed down, and it racked up steep losses. A delayed filing of its annual report for 2020 - ...

Plug Power (NASDAQ:PLUG) stock experienced wide volatility in July. However, its recent drop suggests this may be an opportune time to buy the dip. Plug Power stock rose earlier in the month before falling 15% last Friday, July 19, bringing the 1-year losses to 80%. The recent crash occurred after the company announced plans to sell $200 million in additional shares, representing around 11% of Plug Power’s current market capitalization. However, its PLUG stock price has since found support at around $2.30. ...

Is this a buying opportunity for the stock of this hydrogen fuel cell producer?Shares of Plug Power (PLUG -13.87%) were sinking after the hydrogen fuel cell producer announced a secondary stock offering to help it raise cash. The downward move in the stock only added to its recent woes, with its price now plunging over 75% in the past year.Let's look at the energy company's secondary offering and why the timing of this announcement likely is not good for the stock.Plug Power needs to raise more cashPlug Pow ...

Core Viewpoint - Plug Power's stock price dropped significantly after the announcement of a surprise stock sale to raise cash, highlighting the company's ongoing financial struggles [1][2]. Group 1: Stock Sale Details - Plug Power announced the sale of over 78.7 million shares at $2.54 per share, aiming to raise $200 million in new capital [2]. - If demand allows, the company plans to sell an additional 11.8 million shares, potentially increasing total capital raised to approximately $230 million before costs [2]. Group 2: Financial Condition - The company is facing a cash crisis, with cash reserves reported at less than $173 million against $950 million in debt [2]. - Over the past 12 months, Plug Power has burned through $1.6 billion in cash, indicating severe liquidity issues [2]. Group 3: Cash Flow Concerns - Plug Power has never generated positive free cash flow since it began reporting in 1997, with analysts predicting it may not achieve this until 2028 [3]. - Even with the maximum potential from the stock offering, the $230 million raised would only cover less than two months of cash burn, necessitating further stock sales within four months to remain solvent [3].