The S&P 500 has roared higher to start 2024. This fuel cell stock? Not so much.After Plug Power (PLUG -8.18%) stock plummeted 64% in 2023, investors rang in the new year with renewed hope that the fuel cell and hydrogen stock would be able to rebound from the previous year's performance.Through the first half of 2024, however, those hopes have hardly been realized. Plug Power stock's nosedive continued, as it fell 48% in the first six months of 2024, according to data provided by S&P Global Market Intellige ...

Plug Power (NASDAQ:PLUG) stock is on the move Monday after the hydrogen and fuel cell company got approval for its acquisition of HyVia.This approval comes from the EU and allows Plug Power to complete its join acquisition of HyVia alongside Renault (OTCMKTS:RNLSY). This will give them a 50-50 split ownership of HyVia.A big focus of this joint venture will have Plug Power and Renault focusing on the development of fuel cell technology and hydrogen fuel. This tech will use Renault’s platform and be used in f ...

Hydrogen producer and distributor Plug Power (NASDAQ:PLUG) stock jumped 9% on July 11 and another 4% overnight on hopes that a Federal Reserve rate cut would make its plans more affordable.Shares that were trading at $2.65 late on July 10 were trading at over $3.04 before the market opened this morning, July 12. That put the market capitalization at about $2.25 billion for a company expecting revenue of about $900 million.Other clean energy stocks like SunRun (NASDAQ:RUN), Sunpower (NASDAQ:SPWR), and Enphas ...

Plug Power, Inc.’s (PLUG) strong expertise in providing and installing electrolyzers is underlined by its deployment of more than 95 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems till date. Notably, these electrolyzer systems are in operation or commissioning phase across several sites in the world.Plug Power’s PEM electrolyzer systems, which range from 1 MW to 40 MW in capacity, have been successfully installed and commissioned across various sites in North America, Europe, Asia and ...

Plug Power (NASDAQ:PLUG) stock is up on Wednesday after the hydrogen and fuel cell company provided investors with an update on its refueling stations.Plug Power is celebrating today as the company has completed the deployment 13 hydrogen refueling stations across Europe over the last two years. This has each of them in the commissioning phase with some already operating. All of them are expected to be operational this summer.Plug Power CEO Andy Marsh said the following about the company’s achievement.“The ...

SLINGERLANDS, N.Y., July 10, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has completed deployment of 13 hydrogen refueling stations (HRS) over the last two years across Europe. The company’s HRS installations support a range of material handling and mobility applications across the UK, France, Germany, Spain, and the Netherlands. All systems are currently in commissioning phase, with many already operational tod ...

SLINGERLANDS, N.Y., July 10, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has completed deployment of 13 hydrogen refueling stations (HRS) over the last two years across Europe. The company’s HRS installations support a range of material handling and mobility applications across the UK, France, Germany, Spain, and the Netherlands. All systems are currently in commissioning phase, with many already operational tod ...

Plug Power (PLUG) closed the latest trading day at $2.64, indicating a +1.93% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.1%. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, added 0.28%.Prior to today's trading, shares of the alternative energy company had lost 10.69% over the past month. This has lagged the Industrial Products sector's loss of 2.85% and the S&P 500's gain of 4.08% in that time.Investors will be eagerly wa ...

Plug Power's biggest problem has come back to haunt investors in the hydrogen stock.Shares of Plug Power (PLUG 0.96%) slumped 30% in June, according to data provided by S&P Global Market Intelligence. Investor interest in the hydrogen stock picked up in recent months after the cash-strapped company secured a large conditional loan guarantee to fund its growth plans. A development in June, however, means the funding could run into a roadblock, and that triggered panic selling in Plug Power stock.Why Plug Pow ...

In case you haven’t noticed, a whole lot of pain and pessimism has already been priced into Plug Power (NASDAQ:PLUG) stock. I’ve warned investors about Plug Power stock before. However, it’s been beaten down so badly that the risk-reward balance actually seems to favor the buyers now.This isn’t just a “nowhere left to go but up” argument, though. There are actually recent news items that bode well for Plug Power. So, maybe it’s time to embrace the hate, make friends with the market’s pessimism and take a ch ...