Plug Power (NASDAQ: PLUG ) stock is a dicey proposition. The company has never made a profit.
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.
Plug Power Inc. PLUG may rally. It's oversold and at support.
Plug Power (NASDAQ: PLUG ) is in the red today even after the fuel cell company announced a new order for 25-megawatt (MW) electrolyzer systems for a customer in Europe. Indeed, as part of the deal, Plug will employ five of its in-house 5 MW electrolyzer systems, designed to enhance the company's use of green energy.
Plug Power (PLUG) secures a deal to supply five of its 5 MW containerized PEM electrolyzers to a customer in Europe.
If you're interested in the clean-energy movement, investing in Plug Power (NASDAQ: PLUG ) might seem like a no-brainer. The company has significant government financial backing.
Plug Power (PLUG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Plug Power's stock has fallen 98% below its IPO price. It's still struggling to scale up its business and narrow its losses.
Plug Power (PLUG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Fuel cell energy producer Plug Power (NASDAQ: PLUG ) is facing new regulatory scrutiny. Republican Senator John Barrasso has requested that a federal loan the company received in May 2024 be investigated.
Plug Power (NASDAQ: PLUG ) shares have bounced back lately. That may seem like a sign that Plug Power stock is coming back, but I wouldn't jump to that conclusion.
The Energy Select Sector SPDR Fund (NYSEMKT: XLE ) is up by about 7% year-to-date, although Plug Power (NASDAQ: PLUG ) stock is trailing that return by a wide margin with its loss of 29%. However, PLUG stock has been up over 15% since it reported its first-quarter earnings on May 9.