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Shares of Plug Power (PLUG 1.18%) skyrocketed this week, surging 34.3% at its highest point in trading, according to data provided by S&P Global Market Intelligence. Investors in the hydrogen fuel cell maker aren't accustomed to such a solid rally -- Plug Power stock, after all, has been in a free fall and is still down 79% in just one year, as of this writing. This week's rebound, also the biggest rally in three years, has left investors hopeful that this is the bottom for the hydrogen stock.Plug Power is ...

The latest trading session saw Plug Power (PLUG) ending at $3.41, denoting a -1.87% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.53% for the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.The alternative energy company's stock has dropped by 26.22% in the past month, falling short of the Industrial Products sector's loss of 1.63% and the S&P 500's gain of 2.48%.Analysts and investors ...

Plug Power (NASDAQ:PLUG) stock is in the red today following several analyst price target changes, most of which were reductions. This includes Jefferies analyst Dushyant Ailani, who lowered his price target to $4 from $5 while maintaining a “hold” rating. Ailani’s previously set a price target of $12 back in August.On TipRanks, Ailani is ranked at 2,940 among 8,688 Wall Street analysts. He carries a success rate of 25% with an average one-year return of 12.50%.PLUG stock carries an average price target of ...

Plug Power (PLUG -6.59%) has gotten crushed in recent months due to liquidity concerns. The hydrogen stock has plunged nearly 80% over the past year as investors started fretting about how the money-losing company would fund its operations and bold expansion plans. Last fall, it issued a stark warning stating it was "projecting that its existing cash and available for sale and equity securities will not be sufficient to fund its operations through the next twelve months." However, Plug Power has since unvei ...

Although Plug Power Inc. shares soared 31% Tuesday after the alternative energy company announced a new funding arrangement, a BMO Capital Markets analyst isn’t convinced that better days are ahead. In fact, BMO’s Ameet Thakkar turned bearish on Plug Power’s stock PLUG, +0.56% Wednesday, writing that while the company revealed some “positives” on its business-update call a day before, he also sees an “increasingly arduous path” between “now and when and if” the company receives the money from the Depart ...

Plug Power (PLUG -2.82%) has been through turbulent times before, but the recent drop in the stock and growing losses make this different from previous downturns. In this video, Travis Hoium covers why this won't end well for Plug Power without the company turning major parts of its operation around soon.*Stock prices used were end-of-day prices of Jan. 23, 2024. The video was published on Jan. 23, 2024. ...

While Plug Power (NASDAQ:PLUG) stock jumped 30% on Jan. 23 on hopes of it receiving a government loan, some analysts are telling investors to “pull the plug.”BMO Capital cut its rating to “underperform,” predicting Plug Power will need new capital before it can get the $1.6 billion loan it’s seeking from the Department of Energy. Plug Power opened this morning at $3.76 per share, a market capitalization of about $2.22 billion on estimated 2023 sales of $900 million. Over the last year, PLUG stock has fallen ...

In the first three trading weeks of 2024 alone, Plug Power (PLUG 18.34%) stock had shed a whopping 40% in value. The only saving grace for the hydrogen stock would be its annual business update -- investors hoped the company would address some of its biggest concerns and help the languishing stock rebound.That pretty much explains what's happened today: Plug Power stock surged on Tuesday and was up 15% as of 11:30 a.m. ET. The stock had risen 23.9% earlier in the morning.What update did Plug Power provide t ...

This week is off to a good start for Plug Power (NASDAQ:PLUG). The hydrogen fuel cell technology company watched shares plunge last week after it announced a new stock offering. As PLUG stock struggled, speculation rose that investors could expect a Plug Power short squeeze. With a new week underway, though, tides appear to be shifting. The company has announced the finalization of a $1.6 billion loan from the U.S. Department of Energy. This coincided with news that Plug Power is opening a new liquid green ...