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Why Plug Power Stock Soared Today

TheMotleyFool

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Plug Power (NASDAQ: PLUG) stock closed out Thursday's trading with big gains. The company's share price rose 5% in the session amid a 0.8% gain for the S 500 and a 1% gain for the Nasdaq Composite. The stock had been up as much as 10.7% earlier in the day.

A better-than-expected jobs report and increasing optimism surrounding the broader macroeconomic backdrop for stocks helped support gains for the broader market, and Plug Power also had some good news for investors. The company submitted a business update filing with the Securities and Exchange Commission (SEC) and laid out some encouraging targets.

Image source: Getty Images.

Source Fool.com

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