Charging out of the gate, Plug Power (PLUG -0.48%) stock has soared nearly 15% to start 2025. It's undeniably a welcome sight, considering the S&P 500 (SNPINDEX: ^GSPC) has inched 2% higher during the same time, and the stock's performance was far less encouraging in 2024.
Plug Power (PLUG -0.48%) stock has cratered since hitting its pandemic highs, but is this a time to buy the dip or abandon the stock? Travis Hoium explains why Plug Power stock may be in an even worse position in one year than it's in today.
Plug Power (PLUG) reachead $2.08 at the closing of the latest trading day, reflecting a -0.48% change compared to its last close.
According to many metrics, Plug Power (PLUG -7.73%) is on a roll. Since the start of 2021, sales have skyrocketed by 2,000%.
Plug Power (PLUG -10.95%), a developer of hydrogen-powered residential systems, seemed like a promising green energy play when it went public in 1999. But its ambitious plan flopped because producing hydrogen is more expensive than producing oil or natural gas, and it was cheaper to expand existing electrical grids than to build new hydrogen infrastructure.
Plug Power Inc PLUG has locked in its much-anticipated $1.66 billion Department of Energy loan. JPMorgan analyst Bill Peterson believes that the move “likely eases investor concerns” about a potential cancellation under a second Donald Trump administration.
Buy the rumor, sell the news -- that seems to be the story at Plug Power (PLUG -7.25%) stock this morning.
Recently, Zacks.com users have been paying close attention to Plug Power (PLUG). This makes it worthwhile to examine what the stock has in store.
Just in time, clean-energy companies Rivian Automotive Inc. and Plug Power Inc. have closed loan agreements with the Biden administration that will fund the construction of manufacturing plants in the United States.
Plug Power, which makes fuel cells and electrolyzers that generate carbon-free hydrogen from water and electricity, got a $1.66 billion loan guarantee from the Energy Department to construct large-scale hydrogen plants aimed at supplying industrial customers and to power non-polluting forklifts.
In the closing of the recent trading day, Plug Power (PLUG) stood at $2.67, denoting a -1.48% change from the preceding trading day.
Plug Power (PLUG 2.58%) stock rocketed more than 10% in early trading Tuesday, hitting $3 per share before giving back most of its gains and retreating to a single-digit gain. As of 10:20 a.m.