Plug Power Inc. Stock News

Deployment strengthens Plug's growing presence across hydrogen production, refueling and industrial decarbonization projects in New Zealand and Australia 1 MW GenEco electrolyzer will produce hydrogen for HWR Hydrogen's Invercargill refueling station and dual-fuel heavy transport fleet From distributed hydrogen production to large-scale industrial projects, Plug technology is supporting a growi...

Plug Power stock has traded largely sideways in recent weeks, but remains firmly in bear-market territory after falling 47% from its May high. The shares were trading at $2.26, giving the company a market capitalization of roughly $3 billion, while short interest has climbed to 20% despite ongoing efforts to execute a turnaround.

Plug Power stock has pulled back sharply in recent months, sliding nearly 48% from its year-to-date high of $4.33 to $2.27. The retreat comes even as the company's turnaround strategy takes shape, with short interest remaining stubbornly elevated throughout the decline.

Plug Power's second-quarter earnings and a boost to expectations for full-year revenue growth reveal a company heading toward profitability, say analysts.

Plug Power stock went parabolic in premarket trading, as we anticipated in our earnings preview. PLUG jumped more than 14% to a high of $2.40, its highest level since July 9, and is now up about 30% from its monthly low.

Plug Power stock price is rising today, August 10, as traders wait for its second-quarter earnings report, which will come out after the market closes. It jumped to $2.30, up by 23% from its lowest point this month.

Plug Power stock remains in a deep bear market after falling by over 50% from the highest point this year. This retreat will be put to the test on August 7 after the company publishes its financial results.