Plug Power Inc. (Nasdaq: PLUG) came into earnings season with a chip on its shoulder.
The hydrogen fuel cell vendor has been all but cast aside by Wall Street after a hype-driven run took PLUG stock up 560% to begin 2014, only for it to crash on the words of a short-selling firm.
How can PLUG stock ever get the Wall Street bulls back on board again?
Plug Power Inc. (Nasdaq: PLUG) came into earnings season with a chip on its shoulder.
The hydrogen fuel cell vendor has been all but cast aside by Wall Street after a hype-driven run took PLUG stock up 560% to begin 2014, only for it to crash on the words of a short-selling firm.
How can PLUG stock ever get the Wall Street bulls back on board again?
Plug Power Inc. (Nasdaq: PLUG) stock hasn't been on Wall Street's radar recently, but the PLUG bulls are hanging on.
After surging 565.2% in 2014, PLUG stock is now trading now below $2.50 - a 75% drop. It's been on a long descent and hasn't been able to break back above $3 since February.
Here's what Wall Street is ignoring right now about PLUG stock...
Last year, commercial hydrogen fuel cell vendor Plug Power Inc. (Nasdaq: PLUG) was a darling.
It climbed 565.2% in three months, settling at $10.31 by March 10, 2014. But it's since fallen in big way.
Is this stock worth a look? Here's what to make of this hydrogen fuel cell maker...
Plug Power Inc. (Nasdaq: PLUG) stock surged nearly 10% Thursday morning after the fuel cell company posted a very interesting earnings report...
Check out why this stock is soaring today and in 2014…
Some of the stock market's best and most unexpected gains over the last year have come from a penny stock destined not to remain in this low-priced stock category much longer.
Disappointing earnings sent Plug Power (Nasdaq: PLUG) stock down as much as 9.5% Wednesday as investors get a more realistic picture of the company's prospects.
Plug Power is a classic case of a momentum stock that rocketed to startling heights only to crash and burn. The problem is, the company's fundamentals never supported such a huge spike in the PLUG stock price.
But despite the stock's gyrations, Plug Power is not necessarily a train wreck...
Wall Street darling Plug Power Inc. (Nasdaq: PLUG) gave investors even more cause for optimism by announcing yesterday (Wednesday) after the market close that it had acquired fuel-cell stack developer ReliOn Inc. for $4 million in stock.
The news sent Plug Power stock up 4.5% in after-hours trading yesterday, though the stock was only up about 1.5% in mid-day trading today (Thursday).
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The roller-coaster ride in Plug Power (Nasdaq: PLUG) stock continues....
Shares of the fuel cell system provider surged 49.03% to $8.48 Tuesday on extremely heavy volume of 137.02 million shares. Sending the stock soaring was a MarketWatch piece noting the company's chief executive officer disclosed he was set to announce a major deal in the next few weeks.
"We signed an additional order in North American with a global automaker," MarketWatch reported PLUG CEO Andy Marsh said in a telephone interview Tuesday.
Here's what is next for Plug Power (Nasdaq: PLUG)...
At today's closing bell, the Dow Jones Industrial Average rose 91.19 points to finish at 16,367.88. The Nasdaq increased 7.88 points to finish at 4,234.27, while the S&P 500 hit an intraday all-time high before falling to close at 1,865.62.
Here's a recap of other major events today:
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Plug Power Inc. (Nasdaq: PLUG) shares jumped more than 18% to $8.48 intraday Thursday following solid earnings and rosy guidance.
While the fuel cell maker reported a loss, it still beat the sole estimate from Cowen & Co. and showed marked improvement in sales and revenue.
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Plug Power Inc. (Nasdaq: PLUG) gained 24.67% today (Monday), and that's just a small slice of the 565.16% surge PLUG stock has seen so far in 2014.
Last week, the alternative energy company was on an absolute tear. PLUG stock logged a net gain of 77%, despite a 5.78% drop Thursday on news that Plug Power would be conducting a $22.4 million secondary offering.
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Alternative energy company Plug Power Inc. (Nasdaq: PLUG) is on an absolute tear, up 334.19% so far in 2014 and 52.61% over the past five days.
On Tuesday, PLUG shares surged 20% to a fresh 52-week high of $7.02 before finishing the session up 15% to $6.99.
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A number of this year's hot penny stocks have soared by double digits since the New Year.
Their meteoric moves have far outpaced the lukewarm (if any) gains of major benchmarks and their components. The Dow is down roughly 4% and the S&P is off nearly 3% year to date, after gains of 26% and 32% respectively in 2013. The Nasdaq was up 1% until Friday's broad-based selloff left the tech-heavy index down an equal amount for the year.
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