Why Plug Power Stock Jumped Again Today
Shares of hydrogen fuel cell company Plug Power (NASDAQ: PLUG) continued to soar again today. Over the past five trading days, the stock has jumped by more than 25%. There have been several catalysts for the recent surge in the stock. That includes today's jump of 17.8% as of 11:50 a.m. ET.
Plug Power stock had plunged since it implied bankruptcy was a real possibility when it issued a "going concern" warning with its third-quarter report in November. But shares rebounded after Plug provided a business update last week. In that update, management announced that it has begun operating its new green hydrogen plant in Georgia. That is now the largest liquid green hydrogen plant in the U.S.
Source Fool.com
