Plug Power Pivots, But a Stock Price Reversal Is Unlikely
PLUGPlug Power(PLUG) MarketBeat·2024-03-04 22:11

Key Points Plug Power has resolved its going-concern issue, but there is still significant concern about the share price. Short-interest and a lack of profits are weighing on the stock and dilution is likely in 2024. The stock is melting up, but a ceiling is near, and a new low could come soon. 5 stocks we like better than Plug Power Plug Power NASDAQ: PLUG shares shot up 10% following the Q4 release and FY update; however, it is not time to buy this stock in any other way than speculatively. The company tu ...