Shares of fuel cell maker Plug Power (PLUG -8.04%) tumbled 10% in early trading on the Nasdaq Thursday, before recovering to a (still sizable) 7.1% loss as of 1:05 p.m. ET, after a team of analysts at Susquehanna downgraded the stock from positive to neutral.Susquehanna also cut its price target on Plug stock in half, to just $4.50 per share.Better late than never?Reports on Susquehanna's reasons for the downgrade are a little confusing. The Fly, for example, quotes Susquehanna saying renewable energy stock ...

Plug Power Stock Slides as a Bull Gives Up for Now ...

Plug Power Inc.’s stock PLUG, -3.81% fell 1.2% in early trade Thursday, after SIG Susquehanna downgraded the stock to neutral from positive and said it expects the residential alternative energy segment’s recent headwinds to continue into the first half of the year before a demand pickup. Analysts led by Biju Perincheril also downgraded SunPower Corp. SPWR, -0.51% to neutral from positive. “Recent discussions with companies indicate the U.S. residential solar market demand remains weak, led by a slower tha ...

Plug Power (PLUG -4.52%) stock had been dropping consistently for months in 2023 until it gave investors some respite just before the new year. The hydrogen stock rebounded and gained 11.4% in December, according to data provided by S&P Global Market Intelligence. Investors are now wondering whether the stock has bottomed out and could rally this year.Why investors bet on Plug Power despite all its problemsPlug Power's third-quarter numbers, released in November, raised several red flags. The company, which ...

Plug Power (NASDAQ: PLUG) stock price remained in a consolidation phase this week as investors assessed the next actions by the cash-strapped company. The stock was trading at $4.35 on Thursday, where it has been in the past few weeks. It has plunged by over 64% in the past 12 months, giving it a market cap of over $2.6 billion.Cash is running outCopy link to sectionPlug Power has been a disappointing investment for all involved in the past few years. After peaking at $75.56 in January 2021, it has crashed ...

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Growth stocks overall had a great recovery year in 2023, but that wasn't the case for Plug Power (PLUG -4.46%). Shares struggled as losses mounted and the company itself questioned if it would survive without more funding.In this video, Travis Hoium highlights the challenge for Plug Power and explains why this may not be a good place for your money in 2024.*Stock prices used were end-of-day prices of Dec. 28, 2023. The video was published on Dec. 31, 2023. ...

Skyrocketing as much as 1,000% in 2020, Plug Power (PLUG -1.46%) seemed unstoppable a few years ago. Between the company's newly formed partnerships and management's auspicious five-year outlook, investors' enthusiasm for the fuel cell stock appeared to know no bounds.But it seems that those bounds have, in fact, been discovered in the last couple of years. In 2022, shares of Plug Power plunged 56%, and in 2023, shares have fallen even more precipitously -- about 63%. Should investors who believed the bandw ...

LATHAM, N.Y., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, completed the installation and commissioning of an electrolyzer system at an Amazon fulfillment center in Aurora, Colorado. The one-megawatt (MW) proton exchange membrane electrolyzer is the first for Amazon and is producing low-carbon hydrogen to fuel more than 225 hydrogen fuel cell-powered forklift trucks at the site, known as DEN8. The Plug 1M ...

Plug Power Inc. (NASDAQ:PLUG) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Teal Hoyos - Senior Director of Marketing and Communications Andrew Marsh - CEO Paul Middleton - CFO Sanjay Shrestha - Chief Strategy Officer Conference Call Participants Colin Rusch - Oppenheimer Manav Gupta - UBS William Peterson - JP Morgan Chris Dendrinos - RBC Capital Markets Jordan Levy - Truist Securities George Gianarikas - Canaccord Genuity Eric Stine - Craig-Hallum Ameet Thakker - BMO Ca ...