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Why Is Plug Power Stock Going Parabolic Today?
The Motley Fool· 2024-02-01 16:58
Plug Power (PLUG 1.82%) is on fire this morning, surging 15% as of 9:40 a.m. ET Thursday. The hydrogen stock has gained massive momentum recently and is now up a staggering 50% in just five days. A big analyst upgrade, the start of a key hydrogen plant, and Plug Power's CEO expressing confidence in turning the company's fortunes around -- investors have found a lot to like about the beaten-down stock.Plug Power's CEO expects things to improveA week after starting production at its new green hydrogen plant i ...
Plug Power Stock Bounces After Bull Note
Schaeffers Research· 2024-02-01 16:35
Plug Power Inc (NASDAQ:PLUG) stock is up 1.6% to trade at $4.52 this morning -- and earlier broke out of penny stock territory -- after Roth MKM upgraded the hydrogen energy concern to "buy" from "neutral," and doubled its price target to $9. Plug Power's Georgia facility is bolstering confidence, with major technical issues currently "handled, addressing our prior concerns about backlog and margin visibility." There's room for pessimism to unwind as well. While seven covering brokerages rate PLUG a "strong ...
Plug Power, Inc. (PLUG) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-02-01 15:01
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 +1.6%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Manufacturing - Electronics industry, which Plug Power falls in, has lost 1.3%. The key question now is: What could be the stock's ...
PLUG Stock Pops as Plug Power Reaches Major Milestone
InvestorPlace· 2024-02-01 14:01
Plug Power (NASDAQ:PLUG) stock is rallying on Thursday as the hydrogen and fuel cell company completed a major milestone at its Georgia plant.Investors in PLUG stock are celebrating the company completing the first fueling of a Plug tanker with fuel from its Georgia plant that is heading to consumers. This comes one week after Plug Power kicked off operations at the facility.Plug Power notes that the Plug tanker in this news is heading to several retail locations. That includes Walmart (NYSE:WMT), Amazon (N ...
Plug Power's stock heads for three-month high as business hits a milestone
Market Watch· 2024-02-01 13:44
Plug Power Inc. shares looked poised to continue their charge higher Thursday after the company said it reached a milestone at its recently opened plant. The alternative energy company, which provides hydrogen fuel-cell technology, has completed its first fill of a tanker with liquid green hydrogen produced at its newly opened facility in Georgia. That plant officially began operations a week ago after a delay. Plug Power PLUG, +19.30% disclosed in Thursday morning’s release that its trailer has been filled ...
Plug Power Continues to Squeeze Higher After Roth/MKM Upgrade
InvestorPlace· 2024-01-31 21:18
Shares of Plug Power (NASDAQ:PLUG) are up by over 18% today on the heels of an upgrade from Roth/MKM. Analyst Craig Irwin doubled his price target to $9 from $4.50 and upgraded his PLUG stock rating to “buy” from “neutral.” His price target implies an upside of over 100% from current prices.Irwin raised his price target following a visit to Plug’s liquid green hydrogen plant in Georgia, which is the largest plant of its kind in the U.S. The plant has the capability to produce 15 tons of liquid electrolytic ...
Plug Power wins over a skeptic as stock looks to cap off a wild month
Market Watch· 2024-01-31 18:16
Plug Power Inc. shares were getting a big jolt Wednesday after an analyst turned bullish on the name in wake of a recent visit to the company’s new plant. That trip to Plug Power’s PLUG, +28.55% just-opened Georgia facility “gives us confidence the facility is ramping smoothly and all major technical issues are handled, addressing our prior concerns about backlog and margin visibility,” Roth MKM’s Craig Irwin wrote in a note to clients.He added that electrolyzers at the facility “were clearly operating well ...
Why Plug Power Stock Jumped Again Today
The Motley Fool· 2024-01-31 17:32
Shares of hydrogen fuel cell company Plug Power (PLUG 22.52%) continued to soar again today. Over the past five trading days, the stock has jumped by more than 25%. There have been several catalysts for the recent surge in the stock. That includes today's jump of 17.8% as of 11:50 a.m. ET.Making green hydrogenPlug Power stock had plunged since it implied bankruptcy was a real possibility when it issued a "going concern" warning with its third-quarter report in November. But shares rebounded after Plug provi ...
Is Plug Power a Millionaire Maker?
The Motley Fool· 2024-01-31 15:47
Renewable and low-emission energy sources will likely play an essential role in controlling humankind's climate impact over the coming decades. Solar and wind have gotten much attention, but hydrogen could unlock renewables to displace even more fossil fuel use.Plug Power (PLUG 18.23%) is a leader in commercialized hydrogen fueling and strives to build a hydrogen energy business across North America and Europe. Success could mean life-changing investment returns from a stock worth just $2 billion today.How ...
Plug Power's Annual Update: What You Need to Know Now
The Motley Fool· 2024-01-28 08:02
In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down Plug Power's (PLUG) annual business update, what we learned, and how investors should approach this very risky company right now.*Stock prices used were from the afternoon of Jan. 23, 2023. The video was published on Jan. 27, 2023. ...