Plug Power Inc (NASDAQ: PLUG) shares got goosed up Wednesday on anticipation of an announcement from New York Governor Andrew M. Cuomo that didn't quite happen.
Cuomo, in the midst of campaigning for a second term, had scheduled the official "announcement" at Plug's headquarters near Albany. "It was a pleasure to tour Plug Power today," was the highlight of the governor's remarks.
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Plug shares near Wednesday's close having gained more than 5 percent. Basking in the glow, competitor FuelCell Energy Inc (NASDAQ: FCEL) also gained 5 percent.
Cuomo, a Democrat with an apparent lock on the November election, took credit during the plug tour for creating a half-million jobs in the state and for eliminating a state manufacturing tax earlier this year.
Plug's Chief Executive Andrew J. Marsh said Cuomo "is having a positive influence."
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.