NEW YORK, May 16, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Plug Power Inc. ("Plug" or the "Company") (NASDAQ: PLUG) and certain officers. The class action, filed in the United States District Court for the Northern District of New York, and docketed under 24-cv-00406, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Plug securities between May 9, 2023 and January 16, 2024, both dat ...

LATHAM, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the signing of a Basic Engineering and Design Package (BEDP) with Allied Green Ammonia (AGA), an Australian company focused on green ammonia production, for a three-gigawatt (GW) electrolyzer plant supplying hydrogen to AGA's planned ammonia facility proposed for the Northern Territory of Australia. Plug's BEDP offering is instrumental fo ...

LATHAM, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the signing of a Basic Engineering and Design Package (BEDP) with Allied Green Ammonia (AGA), an Australian company focused on green ammonia production, for a three-gigawatt (GW) electrolyzer plant supplying hydrogen to AGA’s planned ammonia facility proposed for the Northern Territory of Australia. Plug’s BEDP offering is instrumental f ...

Plug Power stock is a lot cheaper than it was in 2023, but there's a catch.Plug Power (PLUG 19.03%) stock has gotten a lot cheaper recently, at least when it comes to its share price. In 2023, shares topped out at around $12. Today, the stock is valued at under $3.Is this growth stock a buy after losing 75% of its value?Plug Power has dreams of massive growthPlug Power's management team has lofty expectations for the business. In 2027, executives expect to generate $6 billion in revenue. By 2030, they belie ...

More cash will solve some problems, but maybe not the ones that need to be solved.In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss the recent conditional loan approval that would be a lifeline for Plug Power (PLUG 19.03%), and what investors need to know before thinking about buying shares. Stocks also discussed include Linde (LIN -0.61%) and Bloom Energy (BE 8.05%).*Stock prices used were from the afternoon of May 14, 2024. The video was published on May 14, 2024. ...

Federal support might turn green energy companies suddenly profitable, but after decades of losses, you should be skeptical of that.Renewable energy stocks surged higher Tuesday after Plug Power (PLUG 20.24%) announced receipt of a $1.66 billion loan guarantee from the U.S. Department of Energy. Plug currently has two hydrogen fuel facilities producing at full capacity, with a third approaching that mark. Plug says the government assistance will help it to "finance the development, construction, and ownersh ...

Key TakeawaysPlug Power said Tuesday that it has received a conditional loan guarantee valued at up to $1.66 billion from the U.S. Department of Energy to add green hydrogen facilities.The company said it would use the money to pay for the development, construction, and ownership of as many as six new sites to produce hydrogen through splitting water molecules.Plug Power CEO Andy Marsh called green hydrogen essential to industrial decarbonization in the U.S. Shares of Plug Power (PLUG) skyrocketed Tuesday a ...

Plug Power wants to raise prices until its product becomes more popular. But that's not how economics works.Roaring Kitty's return to the social media platform Reddit inspired a surge in meme stock prices on Monday, and it's looking like Plug Power (PLUG 26.12%) stock is a prime beneficiary of the turnaround. Share prices of the forever-unprofitable hydrogen fuel cell company rose by double-digit percentages Monday, approaching consensus targets of about $3 a share.However, one analyst thinks Plug Power cou ...

Back in January, Plug Power (NASDAQ:PLUG) announced that it was in the process of closing on a $1.6 billion loan from the U.S. Department of Energy (DOE) with a rate no higher than 6.5%. At the time, Chief Financial Officer Paul Middleton noted that Plug expected to finalize the loan by the third quarter.This morning, Plug announced that the DOE’s Loan Programs Office (LPO) had agreed to provide it with an up to $1.66 billion conditional commitment loan guarantee. The proceeds of the loan will go toward dev ...

A new loan has investors gassing up their portfolios with this hydrogen stock.After plunging 7% last week, Plug Power (PLUG 29.07%) stock has been soaring to start this week. The hydrogen and fuel cell stock climbed 13% yesterday, and it's poised to lock in an even greater gain today thanks to the company's announcement that it has received a government loan guarantee.As of 10:34 a.m. ET, shares of Plug Power have ripped 34.8% higher.Looking into the government loanPlug Power announced today that it has rec ...