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Shares of Plug Power Inc (NASDAQ: PLUG) tanked in the premarket session on Wednesday, despite news of the company launching the largest U.S. green hydrogen plant.
Share: Plug Power Inc (NASDAQ: PLUG) shares were rallying Monday after the struggling alternative energy stock got a major Wall Street upgrade. The Plug Power Analyst: JPMorgan analyst Paul Coster upgraded Plug from Neutral to Overweight and reiterated a $65 price target. The Plug Power Thesis: Plug Power is an excellent story stock in a market that is hungry for growth, particularly in the alternative energy space, Coster said in a Monday upgrade note. Plug shares are down 18% overall in the last month after the company disappointed investors by reporting a net loss of $476.3 million ...
The fuel cell sector is still on fire after being reignited on Wednesday. Ballard Power Systems (NASDAQ: BLDP) announced a $6 million deal with Chinese company, Telecom Backup Power Wednesday. Also announced was a deal with Azure to help assemble the final product. More notable than the... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to: