Latest news with #hydrogenpower
Yahoo
a day ago
- Business
- Yahoo
Did Plug Power Stock Deserve Today's Price Pop?
Key Points Susquehanna analyst Biju Perincheril raised his price target on Plug Power stock by 80% today. He also raised it by just $0.80. And he didn't even call the stock a buy. 10 stocks we like better than Plug Power › Shares of Plug Power (NASDAQ: PLUG), one of the highest-profile companies involved in the hydrogen power revolution, enjoyed a solid rise this morning as its shares rocketed 8.1% through 10:10 a.m. ET. The reason for the rise is no mystery: This morning, Susquehanna analyst Biju Perincheril raised his price target on Plug stock by an astounding 80% -- from $1 a share to $1.80. The bigger question is whether Plug Power stock deserved to jump even 8.1% on this change in one analyst's opinion. And whether investors should buy Plug Power stock. Is Plug Power's pop justified? The first question is tricky. On the one hand, an 80% price target hike seems unusually generous, and hints at some important underlying change in the company affected. On the other hand, a price target change of only $0.80 doesn't. It's also worth pointing out that after Plug's share price jump today, the stock already costs more than Perincheril says it's worth -- more than $1.90 per share. And Perincheril is only "neutral" on the stock. He doesn't say you should buy it. Is Plug Power stock a buy? Neither do I. Perincheril argues, in a note on The Fly, that renewable energy stocks that deserve buy ratings are those with a strong U.S. manufacturing presence and "robust backlogs" such as GE Vernova and First Solar. Most of Plug's manufacturing assets are located in the U.S., true, but the company makes no mention of strong backlog in its latest 10-K filing. To the contrary, sales dropped nearly 30% last year, which suggests backlog may actually be shrinking. With a long history of losing money and burning cash, I suspect Plug stock is still a sell. 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 $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — 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 Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends First Solar. The Motley Fool recommends Ge Vernova. The Motley Fool has a disclosure policy. Did Plug Power Stock Deserve Today's Price Pop? was originally published by The Motley Fool 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
BBC News
5 days ago
- Business
- BBC News
Mission to power ferries and boats with hydrogen power
A Jersey yachtsman hopes to reduce the maritime industry's emissions by using hydrogen power to fuel boats and racer Phil Sharp has used an £347,000 grant from the States of Jersey to develop a hydrogen-powered sailing plan now is for his company, OceansLab, to scale this sustainable technology to larger vessels, including ferries."I have always been keen to push a new clean tech that we can adapt to the marine environment," he said. "This is the moment to try and kick-start the industry to demonstrate technologies that we can embrace for like inter-island ferries but also short sea shipping and longer-term, deep-sea shipping," he said."My goal is to get this technology into real vessels and ships as quickly as possible in order to reduce the detrimental effect we are seeing from the maritime sector."OceanLab uses hydrogen fuel cells and solar said the company was currently trying to commercialise the technology in order to have a "greater environmental impact" and has recently moved into a production centre to start creating and assembling the technology to Sharp also said the company has been visiting schools to teach them about clean energy on the island.
