Plug Power (NASDAQ:PLUG) Stock, Quote.Headers.trade-ideas

Plug Power

Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

Photo via Shutterstock

Equities

News

Contracts

Markets

Movers

General

HYDR

PLUG

Plug Power has secured a contract with H2DRIVEN to support 25 MW of PEM electrolyzers for a green methanol project in Portugal.

Plug Power Secures Contract With H2DRIVEN For 25 MW Electrolyzers, Enhancing Green Methanol Project In Portugal

Small Cap

ETF Series Solutions Defiance Next Gen H2 ETF

HDRO

Plug Power receives $10M grant from DOE to develop advanced hydrogen refueling station for medium &amp; heavy-duty vehicles in WA, with potential to replicate nationwide and support green hydrogen economy.

What&#39;s Going On With Plug Power Stock Today?

Management

AMZN

IRBT

Plug Power shares drop 2% amid a 73% year-over-year decline. The company revealed a new Board appointment.

Plug Power Inc

PLUG POWER ORD

Plug Signs Agreement With BP And Iberdrola Joint Venture To Supply 25 MW Of PEM Electrolyzers For BP's Castellón Refinery Project In Valencia, Spain

Financial giants have made a conspicuous bearish move on Plug Power. Our analysis of options history for Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) revealed 15 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $980,019, and 2 were calls, valued at $90,000.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $4.0 to $5.0 for Plug Power over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Plug Power's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Plug Power's whale activity within a strike price range from $4.0 to $5.0 in the last 30 days. 
<h3>Plug Power Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726591557_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.89</td>
<td>$2.85</td>
<td>$2.89</td>
<td>$5.00</td>
<td>$295.9K</td>
<td>27.9K</td>
<td>121</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.92</td>
<td>$2.87</td>
<td>$2.92</td>
<td>$5.00</td>
<td>$88.1K</td>
<td>27.9K</td>
<td>3.5K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.91</td>
<td>$2.87</td>
<td>$2.91</td>
<td>$5.00</td>
<td>$85.2K</td>
<td>27.9K</td>
<td>1.5K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.92</td>
<td>$2.87</td>
<td>$2.92</td>
<td>$5.00</td>
<td>$75.9K</td>
<td>27.9K</td>
<td>2.5K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.92</td>
<td>$2.88</td>
<td>$2.91</td>
<td>$5.00</td>
<td>$73.3K</td>
<td>27.9K</td>
<td>2.5K</td>
</tr>
</tbody>
</table>

<h3>About Plug Power</h3>
Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
Following our analysis of the options activities associated with Plug Power, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Plug Power</h3>
<ul>
<li>With a volume of 33,213,916, the price of PLUG is up 7.62% at $2.12. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 51 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Plug Power options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Plug Power Unusual Options Activity For September 17

On Thursday, Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) said it has secured a contract with H2DRIVEN, a project <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40831093/plug-signs-technical-evaluation-phase-contract-for-25-mw-of-pem-electrolyzers-with-dourog-s-and-ca" rel="noreferrer noopener">developed by Dourogás and CapWatt</a>.
The contract will provide Technical Evaluation Phase support for 25 megawatts of Proton Exchange Membrane Electrolyzers during the Front End Engineering Design process for a green methanol project in Portugal.
Leveraging the success of its Basic Engineering and Design Package for large-scale facilities, Plug has now introduced a comparable solution for projects involving multiple 5 MW PEM electrolyzer units.
The new TEP offering is designed to assist customers by providing essential technical information and support throughout the permit and funding application process, as well as during plant development.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/08/40288778/plug-power-misses-q2-revenues-analysts-focus-on-electrolyzer-deployments-the-bar-was-set-low" rel="noreferrer noopener">Plug Power Misses Q2 Revenues, Analysts Focus On Electrolyzer Deployments: &#8216;The Bar Was Set Low&#8217;</a>
This service aims to minimize risks and help customers make well-informed Final Investment Decisions.
Like the BEDP, the TEP offering focuses on delivering crucial insights and technical expertise to ensure successful project execution.
&#8220;This agreement underscores our leadership and expertise in PEM electrolyzer technology,&#8221; said Plug CEO Andy Marsh. &#8220;With the world&#8217;s largest PEM electrolyzer plant and extensive real-world experience, we are well-positioned to provide the technical support needed to advance this project.&#8221;
H2DRIVEN aims to strengthen the national economy and enhance resilience by advancing research and development, fostering innovation, diversifying production systems, and decreasing dependence on external markets.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost over 77% in the past year. Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
Price Action: PLUG shares are trading lower by 1.55% to $1.91 at last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40282793/plug-power-defers-50m-in-sales-misses-revenue-forecast-jpmorgan-analyst-wants-a-sho" target="_blank" rel="noreferrer noopener">Plug Power Defers $50M In Sales, Misses Revenue Forecast: JPMorgan Analyst Wants A &#8216;Show-Me Story&#8217;</a></li>
</ul>

Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has secured a contract with H2DRIVEN, a project developed by Dourogás and CapWatt, to provide Technical Evaluation Phase (TEP) support for 25 megawatts (MW) of its Proton Exchange Membrane (PEM) Electrolyzers during the Front End Engineering Design (FEED) process for their green methanol project in Portugal.

Plug Signs Technical Evaluation Phase Contract For 25 MW Of Proton Exchange Membrane Electrolyzers With Dourogás And CapWatt For 80K Ton Per Year Methanol Project

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) has received a $10 million grant from the U.S. Department of Energy to scale its HYPER-Fuel project, which focuses on advanced hydrogen refueling infrastructure<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40726175/plug-awarded-10-million-doe-grant-to-lead-development-of-advanced-hydrogen-refueling-station-in-wa" rel="noreferrer noopener"> for medium and heavy-duty vehicles</a>.
The project involves developing liquid-to-gaseous and cryogenic dispensing hydrogen refueling stations. As per the deal, Plug Power will handle engineering, construction, operation, and training.
This funding is part of the DOE's $62 million investment in 20 projects across 15 states to advance next-generation clean hydrogen technologies.
The initiatives aim to improve hydrogen fueling infrastructure, showcase hydrogen-powered port equipment, and enhance processes for the efficient and equitable deployment of hydrogen technologies.
The station will offer fueling rates over 8 kg/min, a daily capacity of 2+ tonnes, and options for 350 and 700-bar pressurized hydrogen, including subcooled liquid and cryo-compressed forms, to support heavy-duty vehicles.
The project will build a hydrogen fueling station in Pullman, Washington, operational by 2026, to showcase advanced technologies.
This model could be replicated nationwide to meet refueling demands and boost hydrogen fuel cell use. The location is strategic due to the Pacific Northwest H2 Hub and Washington State's 2035 zero-emission vehicle mandate.
Earlier this year, Plug Power received nine DOE awards for Clean Hydrogen Electrolysis, Manufacturing, and Recycling under the Bipartisan Infrastructure Law, underscoring its leadership and dedication to advancing the green hydrogen economy.
Investors can gain access to the stock via Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
Price Action: PLUG shares are down 0.29% at $1.735 at the last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40731399" target="_blank" rel="noreferrer noopener">Science Applications International Q2 Earnings: Free Cash Flow Growth, Strong Pipeline For 2026, Annual Profit Outlook Hike</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

What's Going On With Plug Power Stock Today?

Plug Power Secures $10M Grant From US Department Of Energy To Demonstrate Next Generation Hydrogen Refueling Infrastructure For Medium And Heavy-duty Vehicles At Scale

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Thursday.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost over 74% in the past year. Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
The company has appointed Colin Angle, former CEO of iRobot Corporation, to its Board of Directors. Angle brings expertise in technology innovation, robotics, and strategic leadership to Plug Power&#8217;s Board.
&#8220;Colin&#8217;s insights and experience will help guide Plug Power as we scale our operations and deliver on our commitment to sustainability, revenue growth, and profitability,&#8221; said Andy Marsh, CEO of Plug Power.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40282793/plug-power-defers-50m-in-sales-misses-revenue-forecast-jpmorgan-analyst-wants-a-sho" rel="noreferrer noopener">Plug Power Defers $50M In Sales, Misses Revenue Forecast: JPMorgan Analyst Wants A &#8216;Show-Me Story&#8217;</a>
Earlier this month, Plug Power said it announced the appointment of&nbsp;Dean Fullerton as COO.&nbsp;Fullerton comes from&nbsp;Amazon.com, Inc., where he was responsible for global engineering services and <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40253760/plug-power-stock-falls-on-q2-earnings-revenue-miss-eps-miss-soft-guidance-new-coo-and-more" rel="noreferrer noopener">oversaw operations engineering for 14 years.</a>
The firm deployed over $70 million of electrolyzer systems in the second quarter. The company noted that because of final commissioning and testing requirements, the majority of the deployments were not recognized as revenue in the quarter. Plug expects to recognize that revenue in the second half of 2024.
Plug Power expects full-year 2024 revenue to be in the range of&nbsp;$825 million&nbsp;to&nbsp;$925 million versus estimates of $917 million.
Price Action: PLUG shares are trading lower by 2.27% to $2.15 at last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40507305/snowflake-stock-is-falling-thursday-whats-driving-the-action" target="_blank" rel="noreferrer noopener">Snowflake Stock Is Falling Thursday: What&#8217;s Driving The Action?</a></li>
</ul>

Plug Power's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NYSE">PLUG</a>) short percent of float has fallen 5.53% since its last report. The company recently reported that it has 224.69 million shares sold short, which is 25.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Plug Power Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723640416_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Plug Power has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Plug Power's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Plug Power's peer group average for short interest as a percentage of float is 10.31%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Plug Power's Recent Short Interest

Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading higher by 9.23% to $2.13 Tuesday afternoon. The stock appears to be surging higher amid a broader market reaction to the latest Producer Price Index (PPI) <a href="https://www.benzinga.com/markets/equities/24/08/40346275/tech-stocks-soar-treasury-yields-fall-on-cool-inflation-data-starbucks-rockets-chipotle-plummets">report</a>.
The PPI figures released showed a lower-than-expected increase, fueling investor optimism for a more aggressive Federal Reserve interest rate cut next month, which in turn has buoyed stocks across various sectors. 
This slower pace of inflation has led to heightened expectations of a substantial Federal Reserve rate cut in September, as market-implied probabilities for a 50-basis-point reduction have risen to 55%.
Read Also: <a href="https://www.benzinga.com/news/24/08/40347808/whats-going-on-with-netflix-stock">What&#8217;s Going On With Netflix Stock?</a>
Why This Matters: For Plug Power, a company deeply integrated into the green energy and hydrogen fuel cell markets, this economic backdrop has significant implications. Lower interest rates can have several beneficial effects on the company's financial standing and strategic positioning. 
First, reduced borrowing costs are likely to enhance Plug Power's ability to finance its expansion projects and research initiatives. With capital expenditures potentially becoming less expensive, the company could accelerate its plans to expand its hydrogen production capabilities and invest in new technologies, positioning itself more aggressively within the competitive renewable energy sector.
Moreover, a lower interest rate environment generally boosts investor sentiment, leading to increased capital flows into growth-oriented stocks, including those in the clean energy sector. 
In addition, lower rates can stimulate broader economic activity, potentially increasing demand for renewable energy solutions and fueling further growth for Plug Power. 
As businesses and governments continue to invest in green technologies, the company&#8217;s products and services could see enhanced adoption, aligning with global trends towards decarbonization and sustainability.
Read Also: <a href="https://www.benzinga.com/24/08/40288778/plug-power-misses-q2-revenues-analysts-focus-on-electrolyzer-deployments-the-bar-was-set-low">Plug Power Misses Q2 Revenues, Analysts Focus On Electrolyzer Deployments: &#8216;The Bar Was Set Low&#8217;</a>
<h2 class="wp-block-heading">Is PLUG A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/PLUG">Plug Power</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Plug Power does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/PLUG">Plug Power</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, PLUG has a 52-week high of $9.38 and a 52-week low of $1.91.

Why Plug Power Stock Is Seeing Blue Skies

Across the recent three months, 7 analysts have shared their insights on Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $2.63, with a high estimate of $4.00 and a low estimate of $2.00. Highlighting a 23.32% decrease, the current average has fallen from the previous average price target of $3.43. 
<img src="https://www.benzinga.com/files/images/story/2024/1723489235_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Plug Power among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris Dendrinos</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$2.50</td>
<td>$3.50</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$2.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Jordan Levy</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$2.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>George Gianarikas</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Hold</td>
<td>$2.50</td>
<td>$3.00</td>
</tr>
<tr>
<td>Eric Stine</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Buy</td>
<td>$4.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$3.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$2.40</td>
<td>$2.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Plug Power. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Plug Power compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Plug Power's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Plug Power's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PLUG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Plug Power analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Plug Power's Background</h2>
Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
<h3>Plug Power's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Plug Power's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -44.9% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Plug Power's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -183.0%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Plug Power's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -8.87%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Plug Power's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -5.45%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.31, Plug Power adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Demystifying Plug Power: Insights From 7 Analyst Reviews

RBC Capital analyst Chris Dendrinos maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Sector Perform and lowers the price target from $3.5 to $2.5.

Price Target

RBC Capital Maintains Sector Perform on Plug Power, Lowers Price Target to $2.5

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Truist Securities cut the price target for Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) from $168 to $164. Truist Securities analyst Patrick Scholes maintained a Buy rating. Hyatt shares gained 1.3% to close at $135.14 on Friday. <a href="https://www.benzinga.com/quote/H/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Cantor Fitzgerald lowered the price target for CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) from $28 to $23. Cantor Fitzgerald analyst Brett Knoblauch maintained the stock with an Overweight rating. CleanSpark shares fell 6.3% to close at $11.46 on Friday. <a href="https://www.benzinga.com/quote/CLSK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut Triumph Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) price target from $18 to $16. Barclays analyst Kannan Venkateshwar maintained an Overweight rating. Triumph Group shares fell 0.6% to close at $13.48 on Friday. <a href="https://www.benzinga.com/quote/TGI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel boosted the price target for PureCycle Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCT#NASDAQ">PCT</a>) from $7 to $8. Stifel analyst Michael Hoffman maintained a Buy rating. PureCycle Technologies shares fell 10.6% to close at $5.64 on Friday. <a href="https://www.benzinga.com/quote/PCT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) price target from $29 to $32. JP Morgan analyst Rajat Gupta maintained an Overweight rating. CarGurus shares rose 20.3% to close at $26.94 on Friday. <a href="https://www.benzinga.com/quote/CARG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson cut Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) price target from $54 to $33 DA Davidson analyst Matt Summerville downgraded the stock from Buy to Neutral. Hillenbrand shares fell 1.2% to close at $35.99 on Friday. <a href="https://www.benzinga.com/quote/HI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank increased the price target for Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) from $725 to $1,025. Deutsche Bank analyst James Shin upgraded the stock from Hold to Buy. Eli Lilly shares gained 5.5% to close at $891.68 on Friday. <a href="https://www.benzinga.com/quote/LLY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Canaccord Genuity cut Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) price target from $3 to $2.5. Canaccord Genuity analyst George Gianarikas maintained a Hold rating. Plug Power shares fell 5.3% to close at $1.97 on Friday. <a href="https://www.benzinga.com/quote/PLUG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) price target from $110 to $130. Baird analyst Vikram Kesavabhotla maintained an Outperform rating. Trade Desk shares rose 12.5% to close at $99.30 on Friday. <a href="https://www.benzinga.com/quote/TTD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler boosted Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) price target from $20 to $23. Piper Sandler analyst Patrick Moley upgraded the stock from Neutral to Overweight. Robinhood shares gained 1.1% to close at $17.92 on Friday. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying LLY stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="554" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12093008/image-79-1024x554.png" alt="" class="wp-image-489881" style="width:529px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12093008/image-79-1024x554.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12093008/image-79-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12093008/image-79-768x416.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/12093008/image-79.png 1240w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40306547/dow-settles-higher-but-records-weekly-loss-greed-index-remains-in-extreme-fear-zone">Dow Settles Higher But Records Weekly Loss: Greed Index Remains In &#8216;Extreme Fear&#8217; Zone</a></li>
</ul>

CARG

CLSK

HOOD

Eli Lilly To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Monday

Susquehanna analyst Biju Perincheril maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Neutral and lowers the price target from $3 to $2.

Susquehanna Maintains Neutral on Plug Power, Lowers Price Target to $2

Truist Securities analyst Jordan Levy maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Hold and lowers the price target from $3 to $2.

Truist Securities Maintains Hold on Plug Power, Lowers Price Target to $2

Canaccord Genuity analyst George Gianarikas maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Hold and lowers the price target from $3 to $2.5.

Canaccord Genuity Maintains Hold on Plug Power, Lowers Price Target to $2.5

Craig-Hallum analyst Eric Stine maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Buy and lowers the price target from $5 to $4.

Craig-Hallum Maintains Buy on Plug Power, Lowers Price Target to $4

Wells Fargo analyst Michael Blum maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Equal-Weight and lowers the price target from $4 to $3.

Wells Fargo Maintains Equal-Weight on Plug Power, Lowers Price Target to $3

Shares of Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) tanked in early trading on Friday, after the company reported <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40282793/plug-power-defers-50m-in-sales-misses-revenue-forecast-jpmorgan-analyst-wants-a-sho">a revenue miss for the second quarter</a>.
The results came amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>HC Wainwright <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58bd551bb85e930001592afa/amit-dayal">analyst Amit Dayal</a> maintained a Buy rating and price target of $18.</li>
<li>Truist Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5f4e5e3fc0a0c30001c30c15/jordan-levy">analyst Jordan Levy</a> reiterated a Hold rating and price target of $3.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
HC Wainwright: Plug Power reported second-quarter net revenues of $143.4 million, representing a 45% contraction from the year-ago quarter, and missing expectations, Dayal said in a note. "We believe a 55MW delivery that the company received cash for but could not recognize in 2Q24 could have allowed it to beat our $166M revenue expectation for the quarter," he added.
GAAP gross loss fell to $131.3 million, from $159.1 million in the previous quarter, indicating that the company "continues improving its cost structure," the analyst stated. "The company&#8217;s focus remains on cost reductions, better inventory management, and cash flow improvements," he further wrote.
The $70 million in electrolyzer deployments in the second quarter indicates "the revenue growth associated with this product line" and Plug Power expects an additional 100MW of electrolyzers to be deployed by the end of 2024, Dayal said.
Truist Securities: The recognition timing on electrolyzer deployments contributed to the "underwhelming" second-quarter results, Levy said. The company's revised full-year sales guidance suggests "essentially flat YoY revenues," he added.
The company ended the quarter with just $62 million in unrestricted cash, despite raising an additional $267 million under its ATM program, the analyst stated. "Ultimately, while we think the bar was set low for the quarter and electrolyzer commentary into the back half of the year appears constructive, the continued high rate of outspend, along with the large GM miss in 2Q are likely to drive shares lower today," he further wrote.
PLUG Price Action: Shares of Plug Power had risen by 7.31% to $126.59 at the time of publication on Friday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40284699/wall-street-shifts-to-bossing-the-fed-into-big-rate-cuts-after-bank-of-japans-polic">Wall Street Shifts To &#8216;Bossing The Fed Into Big Rate Cuts&#8217; After Bank Of Japan&#8217;s Policy U-Turn, Analyst Says</a></li>
</ul>

Plug Power Misses Q2 Revenues, Analysts Focus On Electrolyzer Deployments: 'The Bar Was Set Low'

Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) recently unveiled its second-quarter results, falling short of <a href="https://www.benzinga.com/quote/PLUG/earnings">Wall Street&#8217;s expectations</a>.
JPMorgan analyst Bill Peterson remains cautious, calling it a &#8220;show-me story&#8221; that requires evidence of consistent performance to overcome its current challenges.
<h2 class="wp-block-heading">Timing Is Everything</h2>
Plug Power reported second-quarter revenue of $143 million, missing JPMorgan&#8217;s forecast of $174 million and the consensus of $186 million. The miss was largely due to the timing of electrolyzer revenue recognition. Plug Power could have beaten expectations had $50 million in sales &#8220;not been pushed out of 2Q,&#8221; Peterson adds.
Plug &#8220;will now record an even stronger back half of the year,&#8221; he adds.
Looking ahead, Plug introduced a full-year revenue guidance of $825-925 million. While this aligns with JPMorgan&#8217;s estimates, it falls short of the $928 million consensus. 
Read Also: <a href="https://www.benzinga.com/news/earnings/24/08/40253760/plug-power-stock-falls-on-q2-earnings-revenue-miss-eps-miss-soft-guidance-new-coo-and-more">Plug Power Stock Falls On Q2 Earnings: Revenue Miss, EPS Miss, Soft Guidance, New COO And More</a>
The Latham, New York-based company reported gross margins of -92%, worse than both JPMorgan&#8217;s estimate of -61% and the consensus of -43%. However, Peterson noted some progress, particularly in fuel margins, though the road to profitability remains long.
It now targets &#8220;low double-digit negative margins&#8221; by year-end.
<h2 class="wp-block-heading">Plug Power Challenges, Opportunities</h2>
Plug Power continues to face cash flow issues. Peterson emphasized, &#8220;the current operating and capital markets environments are challenging,&#8221; but noted the company's potential for growth in hydrogen fuel cells.
Material handling revenue remains soft. It expects to recover by 2025. Electrolyzer opportunities are also gaining traction. Potential deployments are on the horizon once U.S. policy challenges are addressed.
<h2 class="wp-block-heading">Investment Outlook: Neutral</h2>
Despite its potential, Plug Power remains a Neutral-rated stock. The company needs &#8220;multiple quarters of solid execution&#8221; to achieve sustained share outperformance, Peterson says.
Plug Power&#8217;s journey requires patience, with execution being key to unlocking its potential in the hydrogen energy space. Investors will need to watch closely as the company navigates these hurdles.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39930522/clean-tech-titans-can-enovix-chargepoint-archer-joby-defy-the-doubters">Clean Tech Titans: Can Enovix, ChargePoint, Archer, Joby Defy The Doubters?</a></li>
</ul>

Analyst Color

Plug Power Defers $50M In Sales, Misses Revenue Forecast: JPMorgan Analyst Wants A 'Show-Me Story'

Investor risk sentiment is showing greater conviction on Thursday, with all indices and major stock sectors in the green, after Wall Street failed to hold onto opening gains and closed in the <a href="https://www.benzinga.com/markets/equities/24/08/40237781/wall-street-ends-wednesday-in-the-red-as-risk-sentiment-remains-fragile-s-p-500-movers-at-the-cl">red the previous day.</a>
Weekly jobless claims numbers, which came in at 233,000 last week — a significant drop from the previous 250,000 and below the expected 240,000 — <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/08/40251833/weekly-unemployment-claims-decline-more-than-expected-cool-recession-concerns-stocks-r">helped ease recession fears. </a>
Additionally, the notable decline in weekly claims in Texas suggests that a one-off event like Hurricane Beryl might have contributed to the increase in claims and the July unemployment rate, thus alleviating fears of a more structural trend.
Technology stocks are leading the charge, with the Nasdaq 100 showcasing a 2.2% rally. Among tech stocks, semiconductors are shining, with AI-linked trade back on track after significant <a href="https://www.benzinga.com/markets/equities/24/08/40259139/tech-stocks-rally-after-5-day-slump-as-recession-panic-eases-nasdaq-100-movers-to-watch-thursday">sell-offs in recent days.</a>
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) rallied 5.7%, returning above its 200-day moving average after falling below it last Friday. Industrial, consumer discretionary and energy stocks are also posting significant gains.
The dollar continues its recovery against the Japanese yen after being hit by the unwinding of the carry trade until Monday. The dollar-yen exchange rate is looking at its third consecutive day of gains, continuing to reflect the dovish remarks made by the <a href="https://www.benzinga.com/markets/asia/24/08/40223986/traders-resume-yen-dollar-carry-trade-as-bank-of-japan-pledges-no-rate-hikes-during-market-volatilit">Bank of Japan on Wednesday.</a>
Bonds, which alongside the yen were favored during past sessions marked by recession fears, are now retracing as yields rise across the Treasury curve. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) tumbled by 0.8% on Thursday, eyeing its third straight session of declines. The yield on the 10-year Treasury note surged by 5 basis points to 4%.
Commodities are showing solid gains, with gold and silver up by 1.5% and 3.5%, respectively. Oil is up 0.8%, with West Texas Intermediate (WTI) light crude returning above the $75 per barrel level.
Cryptocurrencies are soaring, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) posting a 7.9% daily gain, on track for its best session in about three months.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,267.70</td>
<td>2.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,285.21</td>
<td>1.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,063.97</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,231.86</td>
<td>1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:44 p.m. ET</figcaption></figure>
<h1 class="wp-block-heading">According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent080824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:</h1>
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 1.7% to $527.46.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;increased by 1.2% to $392.63.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 2.4% to $445.17.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) gained 1.7% to $205.38.</li>
<li>All the sectors of the S&amp;P 500 saw gains, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) leading the way, up by 2.8%. The more defensive Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) witnessed the lowest surge, up by 0.4%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
Technology stocks rallying on improved risk sentiment are: 
<ul>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) up 7.8%,</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) up 7.1%,</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) up 6.2%,</li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) up 6.1%,</li>
<li>KLA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) up 6%, </li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) up 5.9%</li>
</ul>
Stocks moving on earnings reports are: 
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) up 9.9%</li>
<li>Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) down 17%</li>
<li>Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) down 31%</li>
<li>Cars.com Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARS#NYSE">CARS</a>) down 6%</li>
<li>CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) up 7.2%</li>
<li>Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) down over 17%</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) up nearly 22%</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>), up 15%</li>
<li>HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) up 2.8%</li>
<li>Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) up 14,</li>
<li>Marathon Oil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) up 1.2%</li>
<li>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) down 11%</li>
<li>Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) up 2.5%</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) up 7%</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) down 0.5%</li>
<li>Restaurant Brands International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) up 2.3%</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) up 2.22%</li>
<li>Under Armor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) up 18%</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) up nearly 37%</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) down nearly 9%</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) up nearly 19%. </li>
</ul>
Those reporting after the close are Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>), Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), elf Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), and Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>).
Read Now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40257259/robinhood-is-doing-everything-right-analysts-focus-on-new-products-traders-taking-m">Robinhood Is Doing &#8216;Everything Right&#8217;: Analysts Focus On New Products, Traders Taking Market Share From Competitors</a></li>
</ul>
Photo: Shutterstock

Earnings

Macro Economic Events

Bonds

Broad U.S. Equity ETFs

Commodities

Treasuries

Econ #s

Economics

Federal Reserve

Tech

ETFs

$BTC

AKAM

BLNK

BMBL

CARS

CYBR

SPDR Dow Jones Industrial Average ETF Trust

DNUT

EXPE

FIVN

FSLY

FWRD

GILD

HUBS

KLAC

MCHP

MNST

MRVL

PARA

PENN

PODD

PZZA

SMCI

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

iShares Trust Barclays 20+ Year Treasury Bond Fund

TTWO

VSAT

YELP

Wall Street Rallies As Economic Concerns Recede, Tech Flexes Its Muscles, Semiconductors Soar: What's Driving Markets Thursday?

Plug Power: Poor Results But Upgrading On Margin Progress - Hold

Arcadium Lithium limps to new lows; UBS starts at Neutral on continued weak pricing

Craig-Hallum analyst Eric Stine maintained a Buy rating on Plug Power (PLUG – Research Report) today. The company's shares closed yesterday at $1.7...

Plug Power (PLUG) Gets a Buy from Craig-Hallum

The latest announcement is out from Plug Power ( ($PLUG) ). Plug Power Inc. is set to take the stage at the H.C. Wainwright 26th Annual Global Inve...

Plug Power Showcases Green Hydrogen Solutions at Global Investment Conference

BP, Iberdrola to build green hydrogen project in Spain

Catalyst Watch: FOMC, FedEx earnings, Electronic Arts event, and triple witching day

Ballard Power Systems Opts For Hibernation On Delayed Fuel Cell Adoption

Hydrogen energy is on the rise, paving the way for investors eager to capitalize on this carbon-reducing, cost-effective alternative to traditional...

Plug Power (PLUG) Fuels Investors' Hopes with Hydrogen Technology

Solar, clean energy stocks rally ahead of Fed decision on interest rates

Plug Power wins contract with BP-Iberdrola JV to supply PEM electrolyzers

ACES

ALAB

ALTM

ARRY

ASTI

ASTS

BCDA

BIRK

BLDP

BYDDF

CART

CNRG

CRWD

CSCO

CSIQ

CYBN

DECK

ELTP

ENPH

ERTH

EXPD

FCEL

FERG

FFIE

FSLR

GPRE

IBDRY

IBDSF

ICLN

LICY

LSTR

MAXN

MSFT

NKLA

NOVA

NVDA

PETQ

PLCE

QCLN

QCOM

RBLX

RDDT

SEDG

SHAK

SMOG

STEM

STLA

TMUS

TSLA

USAU

VTLE

WDAY

WKHS

ZVRA

Press Releases

Plug Power Names Amazon Executive as its New COO

Plug to Announce 2024 Second Quarter Results

Plug Power Announces Key Developments and Strategic Milestones in Second Quarter 2024

Plug Power Appoints Colin Angle, Former CEO of iRobot, to Board of Directors

Plug Awarded $10 Million DOE Grant to Lead Development of Advanced Hydrogen Refueling Station in Washington State

Plug Power Announces Completion of Undertakings Related to 2023 SEC Settlement

Plug Announces Participation at the H.C. Wainwright 26th Annual Global Investment Conference

Marathon Capital Hires James Fitzgerald as Head of Institutional Sales

Plug Signs Technical Evaluation Phase Contract for 25 MW of PEM Electrolyzers with Dourogás and CapWatt for 80,000 Ton Per Year Methanol Project

Global Renewable Energy Market Expected to Reach $2.44 Trillion By 2032 as Government Initiatives & Policies Are Driving Forces

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Plug Power

Plug Power (PLUG) Forecast

Plug Power (NASDAQ:PLUG) Stock, Quote.Headers.trade-ideas