For years, the story surrounding Plug Power NASDAQ: PLUG has been one of ambitious vision shadowed by a persistent question: how would it fund its massive growth plans without perpetually burning cash? That narrative has now fundamentally shifted.
Plug Power (PLUG 5.00%) stock closed out Thursday's trading with big gains. The company's share price rose 5% in the session amid a 0.8% gain for the S&P 500 and a 1% gain for the Nasdaq Composite.
Shares of Plug Power (PLUG 5.36%) soared this week, up 27.6% as of market close on Thursday. The spike comes as the S&P 500 (^GSPC 0.83%) and Nasdaq-100 were up 1.7% and 1.5%, respectively.
Plug Power (PLUG -5.37%), a leading developer of hydrogen charging technologies, has been a disappointing investment over the past year. After reaching a 52-week high of $3.34 per share on July 16, 2024, it declined nearly 60% to its current price of about $1.50.
Shares of Plug Power (PLUG 29.31%) jumped on Monday, finishing the day up 28.5%. The spike comes as the S&P 500 (^GSPC 0.52%) and Nasdaq Composite (^IXIC 0.47%) were both up modestly.
Nothing holds more importance on Wall Street than data. The problem is the amount of data announced via earnings reports and economic releases can easily overwhelm investors and allow something of importance to be overlooked.
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