Why Plug Power Stock Is on Fire Today

Shares of Plug Power (NASDAQ: PLUG) jumped Tuesday morning in anticipation of big announcements coming up later this week from the company. The hydrogen fuel cell stock was trading up 4.7% as of 12:30 p.m. EDT after jumping 5.9% earlier in the day. With today's gains, Plug Power shares hit their highest point in a month's time.

All eyes are on Plug Power this week as it hosts its analyst day, called the Plug Symposium, on Oct. 14. In its event description Plug Power has stated it will explore the green hydrogen industry in depth, including the micro and macro trends fueling the adoption of the alternative source of energy, as well as unveil new product offerings.

While Plug Power primarily talks about the company's progress in the past year or so on its analyst day, it also reveals its growth plans, which is precisely what investors and Wall Street analysts have their eyes on.

Source Fool.com