Plug Power Inc. Stock News

Plug Power is attempting to build a business around hydrogen-generated energy. However, the company has yet to create a sustainably profitable business.

Plug Power stock price has crashed into a bear market in the past few months as concerns about dilution and its growth continued. It has plunged by nearly 50% from its highest point in October, while the short interest has jumped to 25%.

Plug Power's plans to achieve profitability have caught the attention of an analyst. But before you buy the stock, there's something you must know.

Expand NASDAQ: PLUG Plug Power Today's Change (1.55%) $0.03 Current Price $1.97 Key Data Points Market Cap $2.7B Day's Range $1.94 - $2.05 52wk Range $0.69 - $4.58 Volume 80M Avg Vol 127M Gross Margin -7128.74% Plug Power (PLUG +1.55%), which develops hydrogen fuel cell and electrolyzer systems, closed Wednesday's session at $1.97, up 1.55%. Plug Power IPO'd in 1999 but has fallen 99% since goi...

An analyst provided an improved outlook for Plug Power stock. The company has implemented a $200 million cost-savings initiative.

Clear Street analyst Tim Moore just upgraded Plug Power stock to buy. He cut his price target on the fuel cell stock, however, citing dilution.

Plug Power, Lucid Group, and Boeing stocks have all suffered business reversals, but many investors hope they will rebound. Plug Power seems the weakest of the three, with a long history of over-promising and under-delivering.

Plug Power is rapidly reducing cash burn. The company's GenEco electrolyzer business is gaining traction.