Why Plug Power Stock Popped 7% Monday Morning
Monday dawned bright and sunny for Plug Power (NASDAQ: PLUG) investors -- and for as many as three reasons. First and most obviously, the presidential election is just around the corner, and with the Biden-Harris ticket up as much as 10 percentage points in the polls, investors are presumably betting on the inauguration of a Green New Deal alongside a President Joe Biden a couple months from now.
Second and almost as obvious, this morning Plug Power announced the official date for release of its Q3 2020 earnings results. On Nov. 9, Plug plans to update investors on its progress toward its goal of generating $1.2 billion in annual sales, and $200 million in annual operating profit, by 2024.
Which, incidentally, would be final year of a Biden presidency's first term.
Source Fool.com
