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why is plug stock going down

by Joelle Toy Published 3 years ago Updated 2 years ago
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Shares of fuel cell pioneer Plug Power ( PLUG -2.47% ) dropped Wednesday morning after the company conducted a business update webcast and made an accompanying Securities and Exchange Commission (SEC) filing that featured new projections for fiscal 2022 revenue -- and 2025 revenue as well.Jan 19, 2022

What's happening with Plug Power stock?

Get the latest Plug Power Inc. (PLUG) stock news and headlines to help you in your trading and investing decisions.

Is plug power efficiently growing its dividend?

Apr 05, 2021 · Plug Power (NASDAQ: PLUG) stock is down 4% as of 11:20 a.m. EDT Monday -- and that's kind of curious given today's news. This morning, Plug announced that it is teaming up with natural gas ...

What is the upside for Plug Power's stock?

Apr 13, 2021 · What happenedHydrogen fuel cell stock Plug Power (NASDAQ: PLUG) dropped another 5.6% in early trading on the Nasdaq Stock Market …

How much is a share of Plug Power worth?

Aug 24, 2020 · Investors who have seen their stock quintuple in value over the past year are worried that the short-seller may be right and the stock is …

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Is Plug Power a good stock to buy now?

PLUG stock has an EPS Rating of 43, as it is not yet profitable. It has an A+ Accumulation/Distribution Rating, indicating strong buying among institutional investors. Plug Power's SMR Rating of D indicates that it outperforms 20% to 40% of other stocks.Mar 22, 2022

Will plug stock go back up?

Will Plug Power stock go up? Nobody can foretell with 100% accuracy whether the price of a stock will rise in the future. However, the algorithm-based Plug Power stock forecast made on 21 March by Wallet Investor for 2022–2027 said the price could be around $34.3 in a year's time.Mar 21, 2022

Is plug a buy or sell?

Plug Power has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 18 buy ratings, 5 hold ratings, and 1 sell rating.

What is plug stock prediction?

Stock Price Forecast The 25 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 38.00, with a high estimate of 78.00 and a low estimate of 21.00. The median estimate represents a +42.11% increase from the last price of 26.74.

Is PLUG a good long term investment?

Plug Power (NASDAQ:PLUG) is continuing to take steps that further extend its first-mover advantage in multiple aspects of the hydrogen ecosystem. Meanwhile, multiple governments are looking to implement new programs that will promote the use of hydrogen.Jan 17, 2022

Will Plug Power ever be profitable?

However, PLUG's outlook appears positive as the company raised 2022's revenue guidance from $838 million to between $900 Million to $925 Million. West is now confident PLUG can become “meaningfully profitable” by 2025 and by 2030 expects revenues to increase above expectations.Nov 11, 2021

Is plug a long term stock?

Plug Power (NASDAQ:PLUG) has been languishing on the low end of the market for a few months, but the price of PLUG stock is suddenly surging once again. Hydrogen fuel cells can save a lot of energy in an increasingly sustainable world.Mar 10, 2022

Will plug stock go up tomorrow?

If this Munafa value is near or nearing 100, then this stock might show an upward movement....Munafa value: 40 as on 08 Fri Apr 2022.Downside target25.11Upside target27.49Upside target27.75Upside target28.46Upside target29.65 more rows

What is the price target for NIO?

Stock Price TargetsHigh$552.16Median$210.08Low$153.62Average$245.37Current Price$19.46

What happened

So what

Shares of hydrogen gas producer and fuel cell pioneer Plug Power ( PLUG -4.67% ) are among the biggest winners on the Nasdaq over the past year -- up more than 500%. The stock's had a rough couple of days, though, falling 5.5% on Friday and another 6.7% (through 12:15 p.m. EDT) today.

Now what

Friday, if you recall, Citron put out a research report blasting Plug for having "never generated a profit" and being run by a CEO who "has sold 95%" of his own shares of the company.

What happened

Plug stock sold off on Citron's report and, as there appears to be no new news on the wires that might affect the stock today, I can only conclude that investors who got spooked on Friday remain spooked today -- and for the same reason.

So what

Shares of hydrogen gas producer and fuel cell pioneer Plug Power (NASDAQ: PLUG) are among the biggest winners on the Nasdaq over the past year -- up more than 500%. The stock's had a rough couple of days, though, falling 5.5% on Friday and another 6.7% (through 12:15 p.m. EDT) today.

Now what

Friday, if you recall, Citron put out a research report blasting Plug for having "never generated a profit" and being run by a CEO who "has sold 95%" of his own shares of the company.

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