Latest news with #Plug
Yahoo
2 days ago
- Business
- Yahoo
Why Shares of Plug Power Popped Today
Key Points The European Commission plans on boosting spending for its Connected Europe Facility program. A project in Germany is one example of Plug Power's presence in Europe. Prospective investors would be better advised to wait for the company's upcoming financial report for better insight into the company. 10 stocks we like better than Plug Power › Since their closing at $1.78 on July 9, shares of Plug Power (NASDAQ: PLUG) had closed lower on each subsequent trading day, as of the end of yesterday's session. Today, however, they're poised to reverse that streak. Shares of the hydrogen and fuel cell specialist are moving higher today, thanks to some encouraging news for the hydrogen industry coming out of Europe. As of 12:27 p.m. ET, shares of Plug Power are up 5.6%, retreating from an earlier climb of 9.2%. Plug bulls see opportunity on the other side of the pond The European Commission, the executive arm of the European Union (E.U.), revealed its proposed financial framework for 2028 to 2034, and it includes a substantial increase in funding for the Connecting Europe Facility for energy to 29.9 billion euros from the current amount of 5.84 billion euros. In support of sustainable energy infrastructure projects, the Connecting Europe Facility for energy program recognizes hydrogen infrastructure as a potential part of the process to "further develop and interconnect energy networks in Europe [that] will make a key contribution to the energy transition." Plug Power has a growing presence in Europe. In May, the company announced that it had delivered hydrogen from its Werlte facility located in Germany to the H2CAST Etzel project, a pilot project for large-scale underground hydrogen storage also located in Germany. In 2022, Lhyfe, a European leader in hydrogen production, placed an order with Plug Power for 10 of its 5-megawatt electrolyzer systems. At the time, it represented the largest electrolyzer order placed by a French company. Will the EU's announcement move the needle for Plug? Plug investors often jump at any news hinting at the growth of the hydrogen industry, and they're likely speculating Plug stands to benefit from the European Commission's planned increase in funding. While the new budget allocation is a positive sign, it's hardly enough to justify buying Plug stock right now. Better yet, potential investors should tune in for Plug Power's reporting of its second-quarter 2025 financial results for greater insights into the business. Should you invest $1,000 in Plug Power right now? Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of Plug Power Popped Today was originally published by The Motley Fool
Yahoo
11-07-2025
- Business
- Yahoo
Why Plug Power Stock Soared This Week
Plug Power struck a multiyear deal that will provide the company with fuel at a reduced rate. The company said that the deal was made possible in part by recently passed U.S. legislation supporting domestic hydrogen initiatives. 10 stocks we like better than Plug Power › Shares of Plug Power (NASDAQ: PLUG) jumped this week, up from last Thursday's close at 1 p.m. ET for the Fourth of July holiday by 17.5% as of 12:30 p.m. ET Friday. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 were both up 0.5%. The company, which develops clean hydrogen power, announced earlier this week that it secured a critical new contract that will improve cash flows, something the struggling company desperately needs. The multiyear extension to its contract with a key, but unnamed, supplier will provide Plug Power with hydrogen fuel through 2030 at a reduced rate. The cheaper fuel will help improve Plug Power's cash flows, which have been severely impacted by shrinking sales. Plug Power pointed to President Trump's One Big Beautiful Bill, now law, as a key part of how the company was able to negotiate such favorable terms. In a press release, the company said that the "legislation will provide strong tailwinds in the near and mid-term for additional market growth. Plug's expanded agreement with this partner highlights how strong U.S.-based industrial partnerships are advancing a domestic hydrogen economy to support this ongoing growth." Plug's financials are in dire shape. The company's sales have stagnated and even declined for some time as the company struggles to find a true footing in the market. For investors with a high risk tolerance and who are willing to lose their entire allocation, Plug Power could be a high-risk, high-reward speculative turnaround play. However, I would caution most investors to stay away. Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,432!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,854!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Plug Power Stock Soared This Week was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
Plug Power secures new hydrogen supply agreement in US
Hydrogen solutions provider Plug Power has secured a new hydrogen supply agreement from a US-based industrial gas partner until 2030. This enhanced multi-year contract ensures reliable hydrogen for Plug's expanding applications business while aiming to reduce costs and improve cash flows. The extension of this partnership supports Plug's strategy to strengthen margins and operational flexibility while catering to customer needs across more than 275 sites that consume hydrogen. With an increasing number of customer sites relying on its services, Plug is committed to broadening its suite of hydrogen solutions. Plug's expansion efforts include enhancing its domestic generation network. Current operations in Georgia, Tennessee and Louisiana yield a combined capacity of 40t per day of liquid hydrogen production. Additional facilities are underway as part of plans to establish more than 40 new sites by 2025 and accommodate further industry growth from 2026 onwards. Plug CEO Andy Marsh stated: 'This expanded agreement supports our mission to build on our already robust and resilient hydrogen network in the US. 'As we continue to scale our applications business and build long-term partnerships with customers, reliable supply and cost efficiency are critical. This contract is a win for Plug, our customers, our suppliers and our margin profile. The immediate cost reduction complements our progress this year with Project Quantum Leap, focused on cost optimisation and cash flow improvement.' This development follows recent US legislation promoting clean energy initiatives for future market expansion. In June 2025, Plug Power announced a partnership with Allied Green Ammonia (AGA) to develop a new 2GW electrolyser for AGA's sustainable fuel initiative in Uzbekistan. "Plug Power secures new hydrogen supply agreement in US" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
10-07-2025
- Business
- Business Insider
Here's Why Penny Stock Plug Power (PLUG) Spiked Today
Penny stock Plug Power (PLUG) soared 25% on Wednesday after it disclosed a multi-year extension of its liquid hydrogen supply deal with a major U.S. industrial gas company through 2030. The news helped boost investor sentiment about the hydrogen fuel cell company's ability to improve margins and long-term growth prospects. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The deal is expected to ensure a stable and reliable hydrogen supply for Plug's expanding applications business that too at lower costs. Overall, the deal supports Plug's growing base of over 275 customer sites and aligns with its cost-cutting initiative, Project Quantum Leap. CEO Andy Marsh called the agreement 'a win for Plug, our customers, our suppliers, and our margin profile.' Interestingly, Plug disclosed plans to launch over 40 new hydrogen sites in 2025. Further, it will expand production capacity at plants in Georgia, Tennessee, and Louisiana, which currently produce 40 tons/day of liquid hydrogen. Legislation Sparks Optimism This extension comes on the heels of recent U.S. energy and tax legislation aimed at growing the clean hydrogen industry. PLUG expects the new policies to boost market growth going forward. Importantly, JPMorgan analyst Bill Peterson sees the new bill as a good sign for Plug Power's future, especially in boosting demand for clean hydrogen. However, the analyst noted the real impact will depend on whether Plug can improve profit margins and slow down its spending in the near term. Is PLUG a Good Stock to Buy? Turning to Wall Street, PLUG stock has a Hold consensus rating based on four Buys, 11 Holds, and four Sells assigned in the last three months. At $1.34, the average Plug Power stock price target implies a 24.72% downside potential.
Yahoo
09-07-2025
- Business
- Yahoo
Why Is Plug Power (PLUG) Stock Soaring Today
Shares of fuel cell technology Plug Power (NASDAQ:PLUG) jumped 20.8% in the morning session after it announced a new multi-year enhanced supply agreement with a major U.S.-based industrial gas partner. The agreement, which extends the partnership through 2030, is set to secure a reliable supply of liquid hydrogen for Plug Power's growing business. More importantly for investors, the deal will immediately lower costs and is expected to improve the company's cash flow and margin profile. Plug Power, a leader in hydrogen fuel cell technology, has been focused on scaling its operations and achieving profitability. This extended agreement is a crucial step, ensuring a stable hydrogen supply for its more than 275 customer sites while also addressing cost-efficiency, a key concern for the company. CEO Andy Marsh called the contract a "win for Plug, our customers, our suppliers and our margin profile," highlighting the immediate cost reduction benefits. Is now the time to buy Plug Power? Access our full analysis report here, it's free. Plug Power's shares are extremely volatile and have had 101 moves greater than 5% over the last year. But moves this big are rare even for Plug Power and indicate this news significantly impacted the market's perception of the business. Plug Power is down 22.8% since the beginning of the year, and at $1.80 per share, it is trading 46.1% below its 52-week high of $3.34 from July 2024. Investors who bought $1,000 worth of Plug Power's shares 5 years ago would now be looking at an investment worth $201.04. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
