Why did Plug Power Stocks Drop?
Plug Power shares were dropping Wednesday, even after KeyBanc Capital Markets initiated coverage on the stock with an Overweight rating.Jan 5, 2022
Did Plug Power have a stock split?
What happened to Fuel Cell Energy stock in 2000?
What is the problem in Plug Power?
How long has Plug Power been in business?
| Type | Public company |
|---|---|
| Founded | 1997 |
| Headquarters | Latham, New York , U.S. |
| Key people | Andrew Marsh, CEO George C. McNamee, chairman |
| Products | Fuel cell systems |
Is Plug Power a long term stock?
What are the top two fuel cell stocks?
- FuelCell Energy, Inc. ( NASDAQ: FCEL)
- Hydrogenics Corp. ( NASDAQ: HYGS)
- Plug Power, Inc. ( NASDAQ: PLUG)
- HyperSolar, Inc. ( OTC: HYSR)
- Quantum Fuel Systems Tech Worldwide, Inc. ( NASDAQ: QTWW)
Did Fcel do a reverse split?
What was Fcel highest price?
What is the future of Plug Power stock?
Is plug a buy right now?
Is plug stock a buy?
An analysis of Plug Power stock pricing year-to-date
Currently, PLUG stock reps a share value at a rate of 12 percent lower than the beginning of the year. The shares experienced major growth during the first month of the year, but that success soon turned bearish.
Why is PLUG stock lacking?
The latest downturn for Plug Power doesn't actually have to do with the company itself. Instead, it's a shift in the competitive landscape.
An optimistic forecast for Plug Power stock
According to analysts, Plug Power's YTD bearish behavior means the stock has room to grow. While shares could stay stagnant or decrease marginally over the next 12 months, more experts are in consensus that investors will see growth between 48.5 percent and 175.7 percent.
What investors are saying about PLUG
The sentiment for PLUG stock is down in the interim. However, downward movement won't phase all investors.
When did plug power go public?
Two years after its founding in 1997 as a joint venture of DTE Energy Company and Mechanical Technology Incorporated, Plug Power hit the public markets and held its initial public offering on Oct. 29, 1999. Image source: Getty Images.
What is plug power?
A leader in fuel cell products and solutions, Plug Power ( NASDAQ:PLUG) represents one of the most recognizable names among companies looking to prosper from the growing global interest in a hydrogen economy. But while investors may recognize Plug Power as one of the most successful renewable energy stocks of 2020, ...
Does Plug Power have a gigafactory?
But Plug Power has its own gigafactory plans in the works. Unlike Tesla's facility which produces batteries for electric vehicles, Plug Power's gigafactory will, according to the company, be the world's first proton-exchange membrane (PEM) technology production facility.
What happened
Shares of fuel cell and "green hydrogen" producer Plug Power ( PLUG 10.40% ) took a hit this morning on news that the renewable power pioneer is getting some additional competition in Europe.
So what
Specifically, this morning Swiss renewable energy producer Axpo Holding announced it is expanding production of green hydrogen in the town of Brugg, Switzerland.
NASDAQ: PLUG
As the company explained in a press release, it already has green hydrogen projects underway in Italy. Now, it will be building a new facility near its "run-of-river power plant" in Brugg.
Now what
You might not have heard of Axpo before -- but that doesn't mean it's a small company. It's already "Switzerland's largest producer and Europe's leading marketer of renewable energies in Europe," according to the press release, saying it "intends to take a leading role in this area."
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What happened
This week hasn't been a fun week to own shares of renewable energy company Plug Power ( PLUG -4.67% ) stock, which has declined for three straight sessions now, including today's 4.4% drop (as of 11:30 a.m. ET). But why is Plug stock falling at all?
NASDAQ: PLUG
Three days ago -- right about the time that Plug Power stock started falling -- the city of Montpellier dropped a bombshell on the world's fuel cell stocks. As Electrek reports, the French city canceled an order (from an unnamed supplier) for 50 new hydrogen fuel-cell buses.
Now what
Now why is this significant to Plug Power? It's not as if Plug was hoping to sell buses to Montpellier, after all. (If it were, you can be certain Plug would have issued a press release to announce it.)
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NASDAQ: PLUG
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What happened
Shareholders of green hydrogen and fuel cell company Plug Power ( PLUG -6.03% ) have had a rough past month with the stock dropping more than 30%. Shares lost another 4% this morning, after a peer announced a disappointing quarterly financial report. But as of 11:20 a.m. ET, Plug Power stock had recovered to a small gain of 1%.
So what
Fellow clean energy technology company FuelCell Energy released its fiscal fourth-quarter 2021 report this morning, and it missed expectations on both the top and bottom lines.
Now what
The initial move of Plug stock based on FuelCell's report looks to simply be a knee-jerk reaction. When Plug Power reported its third-quarter results last month, it said that its quarterly revenue jumped 34% year over year. It also raised revenue guidance for 2022 as it enacts its growth strategy through acquisitions and joint ventures.
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