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 ...

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company") announces the resignation of Jan Urata as Corporate Secretary of the Company, effective June 26, 2024. The Company would like to take this opportunity to thank Ms. Urata for her valuable contributions during her tenure. Going forward, Connie Hang, the Company's CFO, will take on the role of Corporate Secretary, in addition to her role as CFO. Ab ...

The stock initially soared on the loan news, but it now trades below where it was before the announcement. Shares of Plug Power (PLUG -5.29%) surged in May after the company announced that it had received a conditional commitment for a $1.66 billion loan from the U.S. Department of Energy (DOE). However, the stock is now well below where it was before the announcement, and one U.S. senator has called the loan into question. The stock, meanwhile, is now down over 70% in the past year. Let's look at the propo ...

Plug Power (NASDAQ:PLUG) stock is a dicey proposition. The company has never made a profit. In 25 years of business, the hydrogen fuel cell maker has failed to make any money whatsoever for itself, let alone for investors. No matter how much cash has been pumped into the business, Plug Power has failed to generate any meaningful business. Even though it recently announced a billion-dollar conditional loan guarantee from the Energy Dept. that helped send shares soaring it failed to hold onto any of the gains ...

Vancouver, British Columbia--(Newsfile Corp. - June 28, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) (the "Company" or "Energy Plug"), reports that, as a result of a review by the British Columbia Securities Commission, we are issuing the following press release to clarify our disclosure. The Company has filed and amended and restated Management's Discussion and Analysis for the three month period ending September 30, 2023 (the "MD&A"). The MD&A clarifies the Company's busine ...

Plug Power (NASDAQ:PLUG) stock is down about 4% today despite promising news that the fuel cell company will attempt to capitalize on some tax benefits of the Inflation Reduction Act (IRA). Indeed, Plug will attempt to receive tax benefits related to the IRA’s Section 45V Credit for the Production of Clean Hydrogen (PTC) in its upcoming quarterly financial reports. Reasonably so, Plug is poised to be one of the first producers of clean hydrogen in the U.S. that plans to take advantage of this new Biden admi ...

Loading... Loading... Plug Power Inc. PLUG may rally. It's oversold and at support. These dynamics tend to set the stage for a move higher. This is why our team of trading experts have named it our Stock of the Day. “Oversold” means a stock is trading below what would be its usual or typical trading range. The sellers have been emotional and aggressive. Investors and traders will come into the market as buyers because they will be expecting a reversion to the mean, or a move higher. And their buying could p ...

LATHAM, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, which began commercial operation of its electrolytic hydrogen facility in Woodbine, Ga. earlier this year, intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports. Plug will be one of the first producers of clean hydrogen ...