Plug Power (PLUG 1.23%) has now logged three straight months of double-digit percentage stock price drops, with shares of the hydrogen fuel cell maker tumbling another 16.1% in March after losing nearly 13% in each of the first two months of the year, according to data provided by S&P Global Market Intelligence. The hydrogen stock is now down a whopping 43% so far in 2025, as of this writing.
Plug Power (PLUG) closed the most recent trading day at $1.22, moving +0.83% from the previous trading session.
You may not see hydrogen fueling stations popping up in your neighborhood, but this doesn't mean that enthusiasm for the power source is nonexistent. Research from Global Market Insights suggests that the global hydrogen industry was valued at $204.5 billion in 2024 and will grow to $603.3 billion in 2034.
Zacks.com users have recently been watching Plug Power (PLUG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Plug Power (PLUG) closed at $1.35 in the latest trading session, marking a +0.75% move from the prior day.
In the closing of the recent trading day, Plug Power (PLUG) stood at $1.54, denoting a +0.65% change from the preceding trading day.
If one had to identify a theme for the recent fourth-quarter 2024 earnings presentation from fuel cell and hydrogen specialist Plug Power (PLUG -3.46%), "hope springs eternal" would be a strong choice. With revenue declining in 2024 and profitability still distant, management announced a restructuring plan that will ostensibly improve the company's finances.
Buoyed by the post-election stock market rally, Plug Power (PLUG -3.46%) stock ran up to a recent high of $3.15 on Jan. 6. On that day, Plug stock closed at a price not seen since the previous summer.
Plug Power (PLUG 0.32%), a developer of hydrogen charging technologies, went public at a reverse-split adjusted price of $150 in 1999. Its stock subsequently soared during the dot-com boom and closed at a record high of $1,498 on March 10, 2000.
In the closing of the recent trading day, Plug Power (PLUG) stood at $1.59, denoting a +0.63% change from the preceding trading day.
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.
It's been five years since the 2020 market crash, when news of a global pandemic sent investors into a panic. For investors brave enough to buy amid that crash, the gains for many stocks have been significant since then.