Plug Power Surges on Crucial Updates: Should You Buy the Stock Hand Over Fist Now?
In the first three trading weeks of 2024 alone, Plug Power (NASDAQ: PLUG) stock had shed a whopping 40% in value. The only saving grace for the hydrogen stock would be its annual business update -- investors hoped the company would address some of its biggest concerns and help the languishing stock rebound.
That pretty much explains what's happened today: Plug Power stock surged on Tuesday and was up 15% as of 11:30 a.m. ET. The stock had risen 23.9% earlier in the morning.
What update did Plug Power provide this morning that sent its stock soaring, and could this be the buy signal for this hydrogen stock that investors have long waited for? Plug Power stock, after all, is still down nearly 80% in one year after today's jump.
Source Fool.com
