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Why Plug Power Stock Keeps Going Up

TheMotleyFool

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For the third day in a row, shares of hydrogen fuel cell pioneer Plug Power (NASDAQ: PLUG) stock powered higher on Wednesday.

Plug reported Q4 earnings two days ago, as you may recall. Losing (only) $0.06 per share (adjusted) on sales of $225.2 million in Q4, the company beat on both top and bottom lines, igniting a buying frenzy that sent the stock skyrocketing 23%. On Wednesday, the momentum kept going. By the time the closing bell rang, Plug stock was up another 11%.

But earnings aren't the only reason Plug is going up.

Source Fool.com

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