The pure-play hydrogen company is bleeding cash, but showed signs of improvement in the last quarter. Is it enough?While electrification gets a lot of headlines, energy investors shouldn't overlook hydrogen as a potential growth area in the decarbonization economy. It's easily stored and transported, and it's combustible. That offers a lot of advantages over solar and wind power, which are only present intermittently and subject to expensive battery storage.Plug Power (PLUG -3.09%) has invested aggressively ...

Plug Power Inc. (PLUG) , a prominent name in the green hydrogen industry, has seen a 19.2% plunge in its stock price over the past month, underperforming the Zacks Manufacturing - Electronics industry as well as the S&P 500. While the industry declined 2.5% over the same time frame, the S&P 500 advanced 2.6%.The company has been persistently suffering due to negative gross margins and cash outflows over the past several quarters. This is further evident from PLUG’s poor second-quarter 2024 results despite i ...

Plug Power has powerful growth potential and problems.Shares of Plug Power (PLUG) recently slid under $2 a share, putting them around their 52-week low. The hydrogen stock is now down nearly 60% this year. It's even further below its all-time high. An optimist might say that the stock doesn't have much farther to go before it hits bottom. They could also point to the hydrogen company's tremendous growth potential as a reason to be bullish that shares could stage an epic recovery. However, there are reasons ...

Vancouver, British Columbia--(Newsfile Corp. - August 28, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology innovator in energy storage and delivery, and the Malahat Nation are pleased to announce that the official groundbreaking and ground blessing ceremony for Canada's first Indigenous-led gigafactory was held today at the Malahat Business Park in Mill Bay, British Columbia. With a targeted battery production output of 1 gi ...

Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), is pleased to announce that, further to its press releases dated July 31, 2024, the Company has closed the second tranche of its non-brokered private placement (the "Private Placement"), issuing 8,300,000 common shares (the "Shares") at a price of $0.05 per Share for aggregate gross proceeds of $415,000. Further to the Company's news releas ...

Scharfsinn86 Note: I have covered Plug Power Inc. or "Plug Power" (PLUG) previously, so investors should view this as an update to my earlier articles on the company. Two weeks ago, Plug Power reported another set of disappointing quarterly results, with revenues missing consensus expectations by a mile again. Regulatory Filings Sales were down by 45% on a year-over-year basis, with the company's core fuel cell systems and hydrogen infrastructure business taking a particularly large hit after Plug Power rai ...

Plug Power investors must understand why Wall Street has been consistently wrong about the stock.The stock of hydrogen fuel developer Plug Power (PLUG 3.77%) has been a bumpy ride. But since the start of 2021, that ride has been consistently lower. Back then, the stock was valued as high as $70 per share. Today, the share price is below $3.Wall Street has been consistently wrong about where the stock price is headed next. In 2021, right before shares collapsed, nearly a dozen firms had a buy rating on the s ...

Plug Power (PLUG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this alternative energy company have returned -9.5% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Manufacturing - Electronics industry, to which Plug Power belongs, has lost 5.6% over this period. Now the key question is: Where could the stock be headed in ...

SLINGERLANDS, N.Y., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced the appointment of Colin Angle, former CEO of iRobot, to its Board of Directors. Mr. Angle brings decades of extensive experience in technology innovation, robotics, and strategic leadership to Plug Power’s Board. Mr. Angle is widely recognized for his pioneering work at iRobot, where he co-founded the company and led the de ...

The green energy company is down 97% from its high point in 2021. Here's what you should know before buying it today.Plug Power's (PLUG -6.99%) hydrogen fuel cell solutions could help usher in a newer, cleaner, sustainable energy source. With some estimates projecting that the green hydrogen energy market could grow to $30 billion by 2030, Plug Power's long-term opportunity is huge.However, despite being a leading hydrogen energy stock, the company has struggled mightily over the past several years. The sto ...