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This BlacRock penny stock has rallied 40% in a week
Finbold· 2025-06-11 20:21
Plug Power (NASDAQ: PLUG), backed by asset management giant BlackRock (NYSE: BLK), has seen growing bullish sentiment from investors following a series of positive developments.As of March 31, BlackRock disclosed a stake in the company, holding just under 80 million shares valued at $107.5 million. While that represents a small portion of its overall portfolio, it signals confidence in Plug Power’s longer-term potential.On Tuesday, PLUG shares closed at $1.28, up 4.9% on the day. Over the past month, the st ...
Plug Power CFO Paul Middleton Underscores Continued Confidence in Strategic Growth with Additional Share Purchase
Globenewswire· 2025-06-10 00:48
LATHAM, N.Y., June 09, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced that Chief Financial Officer Paul Middleton has purchased an additional 650,000 shares of Plug’s common stock on the open market. On June 9, 2025, Middleton acquired 650,000 shares at an average price of $1.0339 per share. This latest investment follows a previous purchase earlier this month, reinforcing Mr. Middleton’s continued ...
Plug Power and Allied Green Expand Strategic Collaboration with New 2 GW Electrolyzer Deal in Uzbekistan
GlobeNewswire News Room· 2025-06-09 19:30
Plug Power and Allied Green Leadership attending International Investment Forum to Execute the Agreement Allied Green Continues to Make Meaningful Progress in its Green Ammonia Plant in Australia with Plug to supply 3GW of Electrolyzer Capacity Bringing the total opportunity between partners to 5GW globally SLINGERLANDS, N.Y., June 09, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, today announced a significant expansion of its partnership with ...
Why Plug Power Stock Popped Today
The Motley Fool· 2025-06-07 01:48
Plug Power presents shareholders with an offer they cannot (afford to) refuse.Shares of Plug Power (PLUG 11.87%), the maker of fuel cell systems -- and now also of the hydrogen to fuel them -- shot 13% higher through 1:11 p.m. ET Friday, as investors received encouragement that the company might be able to avoid a devastating (to morale) reverse stock split. Plug's plans to issue more stockOur story begins one week ago, when Plug Power sent shareholders a preliminary proxy statement advising of the matters ...
Will the Cash Burn Reduction Strategy be a Game Changer for Plug Power?
ZACKS· 2025-06-06 22:15
Key Takeaways PLUG reported Q1 revenues of $133.7M, up 11.1% year over year, led by electrolyzer and cryogenic demand. Cash burn fell nearly 50% in Q1 2025, supported by pricing actions and supply-chain improvements. PLUG launched Project Quantum Leap to drive more than $200M in annualized savings and improve cash flow.Plug Power Inc. (PLUG) has been plagued by its inability to turn a profit, which has required it to raise outside capital for funding its operations. The company has been persistently suffe ...
What's Behind PLUG Stock's Deep Dive?
Forbes· 2025-05-30 22:05
CHONGQING, CHINA - MAY 11: In this photo illustration, the logo of Plug Power Inc. is displayed on a ... More smartphone screen, with the company's green branding visible in the background, on May 11, 2025, in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)Getty Images Plug Power (NASDAQ: PLUG), a company specializing in hydrogen fuel cells, is facing severe financial difficulties, resulting in a 60% decline in its stock price year-to-date. Currently priced at just below $1, the stock has d ...
Plug Power’s Georgia Hydrogen Plant Sets U.S. Production Record Using Plug Electrolyzer Technology
Globenewswire· 2025-05-29 19:00
April 2025 Marks Industry-Leading Milestone with 300 Metric Tons of Liquid Hydrogen ProducedWOODBINE, Ga., May 29, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, announced today that its hydrogen plant in Woodbine, Georgia produced 300 metric tons of liquid hydrogen in April 2025—the facility’s highest monthly output to date and a new benchmark for the U.S. hydrogen industry. The plant, which opened in January 2024, is the largest electrolytic l ...
A Key Insider Loaded Up on Plug Power Stock; Should Investors Follow His Lead?
The Motley Fool· 2025-05-22 18:32
It's been a rough road for Plug Power (PLUG -6.90%) stock so far in 2025. Since the start of the year, shares have plummeted more than 62% as of this writing, so it's abundantly clear that the bears are more enthusiastic about the fuel cell and hydrogen stock's prospects than the bulls.But one company insider thinks that the market has it wrong. In fact, he's so optimistic about the stock's prospects that he made a large buy on the open market recently to illustrate his faith. Is this the signal that invest ...
Down 75%, Is Plug Power a Screaming Buy, or Will It Keep Plunging?
The Motley Fool· 2025-05-22 15:40
Plug Power's (PLUG -6.90%) stock has gotten pulverized over the past year. Shares are down by 75% over that time span, woefully underperforming the S&P 500's more than 12% rise over the same period. Several factors have weighed on the hydrogen company's stock price, including the dilutive share sales it engaged in to fund its operations and expansion. However, while the shares are down sharply, there are some positive points to be made about the business. The question is whether those catalysts make the hyd ...
3 Unloved Tech Stocks That Could Go Parabolic
The Motley Fool· 2025-05-22 06:45
SoundHound AI, Serve Robotics, and Plug Power could shake off the short-sellers soon.Many tech investors like to hunt for companies that could be the next hot stock -- ones that have the potential for quick and steep rallies that defy the broad market's expectations and perhaps even their own underlying fundamentals.Some stocks that fall into this category might be heavily shorted, a condition that sets them up for short squeezes. (If you "short" a stock, you benefit when the price falls.) Others might be i ...