オプションチェーンは、Plug Powerの株式オプションの主要データを様々な行使価格と満期日で表示します。トレーダーはこの情報を使用して、潜在的な取引を分析し、Plug Powerの市場センチメントを評価します。.

Plug Power (NASDAQ:PLUG) 株価情報, オプションチェーン

Plug Power

Plug Power is building an end-to-end green hydrogen ecosystem-from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.

Plug Power Inc

PLUG POWER ORD

Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) has big dreams for a <a href="https://www.benzinga.com/topic/hydrogen">green hydrogen-powered future</a>, but it might hit some potholes before reaching that destination. 
JPMorgan's Bill Peterson brings a cautiously balanced view, signaling that while Plug Power's ambitions shine bright, the near-term realities could dampen the sparkle for investors. As we speed toward the company's third-quarter earnings call on Nov. 12 and its annual Plug Symposium on Nov. 13, expectations are mixed, with both high hopes and real risks.
<h2 class="wp-block-heading">Watch For Roadblocks Heading Into H2</h2>
Plug Power has set its sights high, predicting substantial growth in its hydrogen-driven Energy business and aiming to double revenue in the second half of 2024. 
However, hitting these targets will require a serious acceleration in sales—especially in the softer material handling sector and a reliable revenue boost in electrolyzer equipment. But with a sluggish U.S. hydrogen market and the 45V tax credit still a question mark, this quarter's results may land below expectations, with Plug likely to fall short of the high double-digit growth needed to meet the lower end of its guidance range, the analyst said.
Read Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41713236/donald-trumps-return-to-white-house-could-propel-these-etfs-to-new-highs" target="_blank" rel="noreferrer noopener">Donald Trump's Return To White House Could Propel These ETFs To New Highs</a>
<h2 class="wp-block-heading">The Symposium Spotlight: A Blueprint For Long-Term Growth</h2>
At the upcoming Plug Symposium, management is expected to emphasize its roadmap beyond quarterly earnings.
Plug Power could unveil its vision for reaching $20 billion in revenue by 2030, a bold ambition that Peterson considers likely to face practical constraints. While the Symposium may inspire with case studies in hydrogen applications and potential growth in mobility and stationary power, Plug will need to prove its green hydrogen network can yield real profits, especially as global interest in hydrogen faces increasing skepticism around commercial viability.
<h2 class="wp-block-heading">Short-Term Jitters With A Dash Of Optimism</h2>
Plug Power's short-term outlook carries a dose of volatility, partly fueled by ongoing political uncertainty. The company may reiterate its guidance, but Peterson remains unconvinced it's achievable, seeing risks in the 2024 market landscape.
Although PLUG stock's 28% short interest reflects broad market wariness, a clear policy signal or an unexpected DOE loan closure could still spark some interest. For now, though, Plug is under pressure to execute margin improvements and make tangible progress on cash flow management before it can comfortably court long-term investors.
<h2 class="wp-block-heading">Staying Neutral, But Watching The Horizon</h2>
JPMorgan's Peterson is staying neutral on PLUG, balancing near-term headwinds with the potential long-term upside if hydrogen gains a foothold. 
While Plug Power's green hydrogen goals are audacious, the company faces cash flow and demand challenges that can't be overlooked. 
For investors, the message is clear: stay buckled up for a bumpy ride, and don't lose sight of the possible rewards if Plug Power can overcome its hurdles and secure a sustainable path forward in the green hydrogen revolution.
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Photo: Shutterstock

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Plug Power's $20 Billion Revenue Ambition Faces Obstacles, Analyst Says

As <a href="https://www.benzinga.com/topic/2024-presidential-election">Election Week 2024</a> is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves.
With a Democratic win likely to power up the clean energy sector and a Donald Trump victory poised to boost steel, the stakes are high for investors in metals, mining and clean tech.
<h1 class="wp-block-heading">A Harris Win: Green Light For Clean Tech Rally?</h1>
Should Vice-President Kamala Harris take the White House, expect a boost across clean tech stocks, especially those linked to electric vehicles (EV) and hydrogen.
Peterson points to EVgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>), ChargePoint Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NASDAQ">CHPT</a>) and lithium players like Lithium Americas Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) and Piedmont Lithium Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) as likely to benefit from sustained clean energy initiatives.
Stocks like Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) could also rally, riding on investor confidence that government spending won't dry up for sectors heavily backed by the Inflation Reduction Act and the Department of Energy's Loan Programs Office.
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<h1 class="wp-block-heading">Trump's Win: Steel's Comeback With A Dose Of Protectionism</h1>
A Trump victory could be a bullish setup for the steel sector, especially for domestic players like Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), and Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), which would benefit from protectionist policies supporting U.S. steel pricing.
Peterson highlights that Trump's stance against the proposed acquisition of U.S. Steel by Nippon Steel Corp (OTCPK: NISTF) could keep the spotlight on domestic operators, while Trade Expansion Act Section 232 tariffs could make U.S. steel prices attractive.
Kaiser Aluminum Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) stands to gain over Constellium SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) if more tariffs come into play, thanks to Kaiser&#8217;s U.S. footprint.
<h1 class="wp-block-heading">Rare Earths &amp; Base Metals: Supply Security Takes The Stage</h1>
Regardless of the outcome, Western supply chain security remains a hot-button issue, favorably positioning rare earth and graphite players like MP Materials Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) and GrafTech International Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>).
For base metals, names like Alcoa Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) and Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) may see an impact from intensified China tariffs, with pricing ripple effects dependent on global stimulus responses.
With the election outcome set to shape market dynamics, these sectors have distinct paths forward. For now, it's a wait-and-see game for investors in metals, mining, and clean tech.
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<h3>Gainers</h3>
<ul>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares rose 73.3% to $0.55 during Monday's regular session. The market value of their outstanding shares is at $8.9 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) shares increased by 66.47% to $2.83. The company's market cap stands at $2.5 million. </li>
<li>Air Transport Services Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) stock increased by 26.42% to $22.0. The company's market cap stands at $1.4 billion. </li>
<li>Vast Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares moved upwards by 20.2% to $5.77. The market value of their outstanding shares is at $172.9 million. </li>
<li>Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) stock moved upwards by 12.01% to $2.34. The market value of their outstanding shares is at $2.0 billion. </li>
<li>Addentax Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXG#NASDAQ">ATXG</a>) shares increased by 9.38% to $0.68. The market value of their outstanding shares is at $4.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock declined by 37.6% to $0.29 during Monday's regular session. </li>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock decreased by 15.1% to $0.19. The company's market cap stands at $5.5 million. </li>
<li>Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) shares decreased by 14.46% to $0.47. The market value of their outstanding shares is at $12.3 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock declined by 14.34% to $4.33. The market value of their outstanding shares is at $3.2 million. </li>
<li>Antelope Ent Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) shares fell 13.87% to $0.25. The company's market cap stands at $3.7 million. </li>
<li>Nikola (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) stock fell 11.52% to $3.32. The company's market cap stands at $202.2 million. As per the news, the Q3 earnings report came out 2 days ago. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Plug Power Option Alert: Fri $2 Calls Sweep (16) Near The Ask: 4494 @ $0.091 Vs 4726 OI; Earnings 11/15 After Close [est] Ref=$2.09

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
Both the S&amp;P 500 and Dow broke their six-week winning streaks, with the S&amp;P 500 down nearly 1% and the Dow falling 2.7% for the week. Meanwhile, the Nasdaq marked its seventh consecutive weekly gain, rising 0.2% and reaching an all-time high, driven by strong performances from megacap tech stocks. 
With the presidential election approaching, investor caution has led to a broadly flat week on Wall Street, as concerns over fiscal policies and potential trade disruptions linger. 
Rising Treasury yields signaled market expectations of fiscal challenges for the next administration, <a href="https://www.benzinga.com/markets/equities/24/10/41556896/investors-cautious-with-election-ahead-treasury-yields-surge-further-tesla-surprises-this-week-i">regardless of the election outcome.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/news/24/10/41422278/nvidias-new-free-open-source-ai-model-reportedly-outperforms-openais-gpt-4o-anthropics-claude-3-5-so">Nvidia&#8217;s New Free, Open Source AI Model Reportedly Outperforms OpenAI&#8217;s GPT-4o, Anthropic&#8217;s Claude 3.5 Sonnet</a>,&#8221; by <a href="https://www.benzinga.com/author/ananya-gairola">Ananya Gairola</a>, details how Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) launched Llama-3.1-Nemotron-70B-Instruct, a free open-source AI model that surpassed competitors in key benchmarks, reflecting a strategic shift towards AI software dominance using Meta Platforms Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) framework.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41427013/dogecoin-up-28-over-the-past-week-and-major-bitcoin-move-could-send-it-beyond-0-50-says-ve">Dogecoin Up 28% Over The Past Week And Major Bitcoin Move Could Send It Beyond $0.50, Says Veteran Trader</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, highlights bullish predictions from two traders who foresee Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) surging beyond $0.50 if Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) breaks crucial levels, pointing to historical trends and money flow indicators supporting the meme coin's upward momentum.
&#8220;<a href="https://www.benzinga.com/markets/esg/24/10/41426513/plug-power-evgo-enovix-analyst-clean-tech-picks-for-navigating-election-exposure-hedging-uncertainty">Plug Power, EVgo, Enovix: Analyst Clean Tech Picks For Navigating Election Exposure, Hedging Uncertainty</a>,&#8221; by <a href="https://www.benzinga.com/author/surbhi-jain">Surbhi Jain</a>, covers a JPMorgan analyst&#8217;s recommendations for navigating election-related market volatility, highlighting Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) and EVgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) for potential upside, while suggesting Enovix Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) as a safer hedge given its focus on consumer electronics and non-U.S. markets.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/government/24/10/41504166/palantir-stock-moves-higher-on-l3harris-partnership-what-you-need-to-know">Palantir Stock Moves Higher On L3Harris Partnership: What You Need To Know</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41434510/us-economy-eyes-3-4-growth-in-q3-is-a-soft-landing-turning-into-a-reacceleration">US Economy Eyes 3.4% Growth In Q3: Is Soft Landing Turning Into Reacceleration?</a>
<a href="https://www.benzinga.com/top-stories/24/10/41461461/exclusive-soundhound-ai-wants-to-voice-enable-the-world-for-effortless-conversations-between-people">EXCLUSIVE: SoundHound AI Wants To &#8216;Voice-Enable The World&#8217; For Effortless Conversations Between People, Products</a>
The Bears
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41431485/goldman-sachs-predicts-bleak-long-term-s-p-500-returns-as-market-concentration-hits">Goldman Sachs Predicts Bleak Long-Term S&amp;P 500 Returns As Market Concentration Hits &#8216;Highest Level In 100 Years&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, outlines Goldman Sachs' forecast of only 3% annualized returns for the S&amp;P 500 over the next decade, warning that extreme market concentration driven by Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and others could severely limit growth compared to the past decade&#8217;s 13% return.
&#8220;<a href="https://www.benzinga.com/news/24/10/41505138/lucid-ceo-throws-cold-water-on-teslas-robotaxi-vision-says-self-driving-cars-wont-happen-till-the-20">Lucid CEO Throws Cold Water On Tesla&#8217;s Robotaxi Vision, Says Self-Driving Cars Won&#8217;t Happen &#8216;Till The 2030s&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights Peter Rawlinson's doubts about the immediate future of self-driving cars, predicting widespread deployment no sooner than the 2030s and critiquing Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Elon Musk's autonomous ambitions.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41478505/peter-schiff-predicts-a-bloodbath-for-microstrategy-stock-calls-it-the-most-overvalued-on-">Peter Schiff Predicts A &#8216;Bloodbath&#8217; For MicroStrategy Stock, Calls It The Most Overvalued On MSCI World Index</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, reports on Peter Schiff's warning that MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is significantly overvalued within the MSCI World Index, expecting a dramatic crash due to its heavy reliance on Bitcoin (CRYPO: BTC) holdings and speculative strategies.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/24/10/41517027/five-us-banks-face-billions-in-losses-as-silvers-price-spike-hits-short-sellers-hard-report">Five US Banks Face Billions In Losses As Silver&#8217;s Price Spike Hits Short Sellers Hard: Report</a>
<a href="https://www.benzinga.com/news/24/10/41506422/ozempic-and-wegovy-maker-novo-nordisk-asks-fda-to-halt-production-of-compounded-fat-loss-drugs-due-t">Ozempic And Wegovy Maker Novo Nordisk Asks FDA To Halt Production Of Compounded Fat Loss Drugs Due To Their &#8216;Inherent Complexity</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41460886/rivian-analyst-cuts-estimates-on-demand-concerns-warns-softer-production-delivery-t">Rivian Analyst Cuts Estimates On Demand Concerns, Warns Softer Production, Delivery Trends Jeopardize Growth Stock Multiple</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
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As the election season heats up, <a href="https://www.benzinga.com/topic/clean-energy">clean tech stocks</a> are becoming a focal point for investors looking to position their portfolios. The upcoming 45V Treasury guidance and broader policy changes could bring volatility or opportunity, depending on the stock.
JPMorgan analyst Bill Peterson has weighed in with his top picks, dividing his recommendations into two camps: election-exposed plays like Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) and EVgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) and a safer hedge in Enovix Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) for those seeking to sidestep election-related risks.
<h2 class="wp-block-heading">Election Exposure: Plug Power, EVgo</h2>
Plug Power, a leading name in hydrogen fuel cell technology, is on investors&#8217; radar for its sensitivity to the outcome of the 45V Treasury guidance, which would offer tax incentives to projects that generate clean hydrogen with minimal lifecycle greenhouse gas emissions. While Peterson expects the guidance timing to be around November/December, he doesn't see election results having a major impact on its terms.
EVgo, on the other hand, presents a more compelling case. 
Peterson views the company&#8217;s path to profitability as accelerated by its access to low-cost capital from the Department of Energy (DOE), and if it can secure this capital, EVgo could see significant gains in the months following the election.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41168917/evgo-vs-chargepoint-analyst-verdict-on-which-stock-leads-the-ev-charging-race">EVgo Vs. ChargePoint: Analyst Verdict On Which Stock Leads The EV Charging Race?</a>
<h2 class="wp-block-heading">Hedging Uncertainty: Enovix</h2>
For those seeking to avoid the political risks tied to the U.S. election, Peterson favors Enovix. 
With its focus on consumer electronics rather than EVs, and a manufacturing base in Malaysia, ENVX is largely insulated from election-driven policy changes. This diversification makes it an attractive option for investors wanting stability amidst the political noise.
As the election approaches, investors face two paths: capitalize on election-driven opportunities with Plug Power and EVgo, or hedge against volatility with Enovix.
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Tech

Plug Power, EVgo, Enovix: Analyst Clean Tech Picks For Navigating Election Exposure, Hedging Uncertainty

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading lower on Monday. The company inked a binding framework agreement with Allied Green Ammonia (AGA) to supply 3 gigawatts (GW) of electrolyzer capacity for AGA&#8217;s green <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41207472/plug-and-allied-green-execute-binding-framework-agreement-for-3-gw-electrolyzer-capacity" rel="noreferrer noopener">hydrogen-to-ammonia plant in Australia</a>.
Following the MOU and engineering design package, Plug and AGA are finalizing a sales agreement. This partnership advances plans for one of the world&#8217;s largest green ammonia plants, with Plug&#8217;s electrolyzer system set for delivery by late 2026 or early 2027.
AGA is developing a major green ammonia facility at Gove Peninsula, Northern Territory, Australia, set to produce 2,700 metric tons per day using renewable energy.
This collaboration with Plug Power will decarbonize ammonia production by replacing traditional Steam Methane Reforming (SMR) with green hydrogen from Plug&#8217;s electrolyzers.
By combining Plug&#8217;s technology with AGA&#8217;s industry expertise, the facility aims to produce green ammonia competitively compared to conventional, carbon-intensive methods.
Andy Marsh, CEO of Plug Power. &#8220;Our extensive experience in constructing and operating large-scale hydrogen facilities, combined with our cutting-edge PEM electrolyzer technology, positions us as the ideal partner for this transformative 3 GW project.&#8221;
Alfred Benedict, Chairman &amp; Managing Director of Allied Green said, &#8220;Our collaboration with Plug Power builds on our team&#8217;s substantial work over many years that will enable us to efficiently harness the power of electrolysis-based hydrogen and, drastically reduce carbon emissions in the ammonia production process.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40940207/plug-power-fuels-sales-boom-with-150m-equipment-leasing-strategy-whats-the-benefit" rel="noreferrer noopener">Plug Power Fuels Sales Boom With $150M+ Equipment Leasing Strategy &#8211; What&#8217;s The Benefit?</a>
This month, Plug Power teamed up with Carreras Grupo Logístico in Spain to establish <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41120825/whats-going-on-with-plug-power-stock-tuesday" rel="noreferrer noopener">hydrogen-powered logistics site</a>.
Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
Price Action: PLUG shares are down 0.70% at $2.135 at the last check Monday.
Photo via Shutterstock
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What's Going On With Plug Power Stock Monday?

This follows recent completion of MOU and BEDP contracts Both parties are collaborating to finalize purchase agreement in coming months
SLINGERLANDS, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has signed a binding framework agreement with <a href="https://www.globenewswire.com/Tracker?data=pR2RuS5WBGoJ-qSU3vweL5tY63ohdTPgKWje09XumE-bDs1GKi_fINdnlHxJ9_pL9kn9s_54mJm_3uThc9_lq_lwTEIfelJ3r0x9zhqCNDhCQJnrvhEeszR-Lxtx0vMh">Allied Green Ammonia (AGA)</a>, an Australian company focused on green ammonia production, to finalize a supply agreement for three gigawatts (GW) of electrolyzer capacity to AGA's green hydrogen to ammonia plant in Australia.
The framework agreement follows the <a href="https://www.globenewswire.com/Tracker?data=e3KErr75nv9edO2oL0mE6O45b8-LMuu9wphlCxvW8sGrcq9Hr2alH-Pjs4ju4JqH41j1Y6hPx-HdXpXs4YJgzZaKt8Vm-c1sFl_X0ZgQ9ZRzeDueJZAmjORB5eUDRhY53kGDYzSvHtFetj_JlSvU5Rx1aQNelDl00rvy-QtzQdUB9SJxLMhGjgVe7K7BabTH1m6oUohitTtbyup8Bqc-xFoi8DOqspold5PNcpXjriyNQRek_xahTb1k6Zvx3VNE2_SpWmT5hPdVj1RZdbA9cA==">recently signed</a> MOU and basic engineering and design package (BEDP). Both parties will now move into finalizing the sales and purchase agreement. The partnership between Plug and AGA marks a major step toward building one of the world's largest green ammonia production facilities in the world, with the delivery of Plug's electrolyzer system expected for the end of the year in 2026/early 2027.

Global

Plug And Allied Green Execute Binding Framework Agreement For 3 GW Electrolyzer Capacity To AGA's Green Hydrogen To Ammonia Plant In Australia; Both Parties Are Collaborating To Finalize Purchase Agreement In Coming Months

Jefferies analyst Dushyant Ailani maintains Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) with a Hold and lowers the price target from $2.2 to $2.

Price Target

Jefferies Maintains Hold on Plug Power, Lowers Price Target to $2

Shares of hydrogen fuel-cell energy company Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) slipped <a href="https://www.benzinga.com/premarket">in premarket trading</a> on Thursday, with a negative analyst action potentially the downside trigger.
Jefferies analyst Dushyant Ailani reduced the price target for Plug Power shares from $2.20 to $2, while maintaining a Hold rating, <a href="https://www.streetinsider.com/Analyst+Comments/Plug+Power+%28PLUG%29+PT+Lowered+to+%242+at+Jefferies/23796847.html">according </a>to StreetInsider. The stock is down 52% for the year-to-date period as fundamentals falter. In early August, the company<a href="https://www.benzinga.com/news/24/10/41134015/jd-vance-tim-walz-debate-sets-a-different-tone-candidates-discuss-israel-iran-escalation-immigration"> reported a decline in its second-quarter revenue</a> and a wider loss, although the net loss per share narrowed due to an increase in outstanding shares. 
After raising a &#8220;going concern&#8221; warning in late 2023, the company came back a quarter later to reassure investors that it has sufficient cash to finance ongoing operations for the foreseeable future.
Ahead of the release of the second quarter results, the company raised $200 million in gross proceeds through a common stock offering. In early September, the company announced it had received a $10 million grant from the U.S. Department of Energy to demonstrate next-generation hydrogen refueling infrastructure for medium and heavy-duty vehicles at scale.
In premarket trading, the stock slipped 1.39% to $2.13, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data.</a> Jefferies new price target suggests an incremental downside risk of around 7.41%.
Read Next:
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<li><a href="https://www.benzinga.com/money/best-renewable-energy-stocks">Best Renewable Energy Stocks</a></li>
</ul>
Image via Shutterstock

Why Plug Power Stock Is Sliding In Thursday's Premarket

Sentiment continues to be cautious as traders play the &#8220;wait-and-watch&#8221; game until they see off <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41148891/jobs-report-in-focus-will-slower-growth-push-the-fed-toward-november-interest-rate-">Friday&#8217;s non-farm payroll data.</a> The index futures traded moderately lower early Thursday. The weekly jobless claims data along with the ongoing tensions in the Middle East and the status of the dockworkers strike are among the key focal items for traders. The S&amp;P 500 has gained in all but one month so far this year and the momentum is supporting the market even as it navigates through another air pocket centered this time mainly around geopolitics.
Oil&#8217;s extended run could keep energy stocks buoyant and artificial intelligence stalwart Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) traded higher in premarket, while electric-vehicle stocks have decelerated.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.44%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.33%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.36%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.67%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved down 0.30% to $567.15 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.39% to $480.09, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed Wednesday&#8217;s session marginally higher, as the market overcame early jitters set in motion by a stronger-than-expected private payrolls report and the ongoing headwinds such as the Middle East tensions and dockworkers&#8217; strike. After recouping early losses, the averages moved in a narrow range around the unchanged line before ending slightly higher.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.08%</td>
<td>17,925.12</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.01%</td>
<td>5,709.54</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.09%</td>
<td>42,196.52</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.09%</td>
<td>2,195.01</td>
</tr>
</tbody>
</table>
</figure>
Seven of the 11 S&amp;P 500 sectors ended in the red, while energy stocks rallied strongly and IT stocks found moderate buying interest. Utility and financial stocks rose marginally.
Insights From Analysts:
The non-farm payrolls report due on Friday is expected to show job gains of 150,000 for September, up from 142,000 in August. JPMorgan Trading Desk <a href="https://x.com/TradingThomas3/status/1841607537445183928">predicts </a>a volatile Friday, with the S&amp;P 500 Index potentially moving either side of the flat line in a range of a 2% decline to a 1.5% gain depending on how the numbers pan out,
<ul>
<li>job gains over 20,000 &#8211; flat to 0.5% gain</li>
<li>160,000-20,000 &#8211; 1%-1.5% gain</li>
<li>140,000-160,000 &#8211; 0.75%-1.25%</li>
<li>110,000 &#8211; 140,000 &#8211; 0.5%-1.5% drop</li>
<li>less than 110,000 &#8211; 1.25%-2% drop</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department will release the weekly jobless claims data at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to come in at 220,000 in the week ended Sept. 28, up from 218,000 in the previous reporting week.</li>
<li>S&amp;P Global is due to release its final service sector manufacturing index at 9:45 a.m. EDT. The flash reading released in mid-September came in at 55.4, up from 54.2 in August.</li>
<li>The Institute for Supply Management&#8217;s non-manufacturing PMI, due at 10 a.m. EDT, is expected at 51.7 in September, almost flattish at 51.5 reported for August.</li>
<li>The Commerce Department will release the factory goods orders report at 10 a.m. EDT. The consensus estimate calls for unchanged orders for August relative to September when orders climbed 5% month-over-month.</li>
<li>Minneapolis Fed President Neel Kashkari is due to moderate a discussion with Atlanta Fed President Raphael Bostic at 10:40 a.m. EDT.</li>
<li>The Treasury will auction four- and eight-week bills at 11:30 a.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) slumped nearly 11% <a href="https://www.benzinga.com/premarket">in premarket trading </a>on the company&#8217;s quarterly results released after the market close on Wednesday.</li>
<li>AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) and Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) are due to release their <a href="https://www.benzinga.com/calendars/earnings">quarterly results ahead of the market opening.</a></li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell over 1.50%, extending its slide from Wednesday, and most electric-vehicle stocks, including Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) and ChargePoint Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) all traded down about 2%.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) moved down 1.85% following a negative analyst action.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures continued their upward climb amid intensifying Middle East tensions, while gold futures fell modestly. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) declined over 1% below the $61K mark. The yield on the 10-year Treasury note rose 2.4 points to 3.809%.
Most Asian retreated barring the Japanese, Australian, New Zealand and Malaysian markers, while China and South Korea were closed for public holidays. The major European markets lost ground in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41159016/port-strike-enters-day-3-economist-warns-of-meaningful-impact-if-standoff-prolongs-food-beverages-li">Port Strike Enters Day 3: Economist Warns Of &#8216;Meaningful&#8217; Impact If Standoff Prolongs, Food &amp; Beverages Likely First To Feel The Pinch</a></li>
</ul>
Image Via Shutterstock

Earnings

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

ANGO

LCID

LEVI

RIVN

US Stocks Staring At Another Weak Open As Traders Await Key Jobs Report; Sentiment Wavers As Oil Extends Surge Amid Middle East Tensions

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41114798/plug-power-collaborates-with-carreras-grupo-log-stico-for-implementation-of-a-complete-green-hydro" rel="noreferrer noopener">lower on Tuesday.</a>
The company is expanding in Spain by&nbsp;collaborating with Carreras Grupo Logístico to launch a complete green hydrogen ecosystem in the country.
The initiative aims to create a hydrogen-powered logistics site at Carreras Grupo Logístico&#8217;s facility in Masquefa, Barcelona, through a fuel cell technology validation project.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLUG stock has lost over 68% in the past year. Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
Plug is collaborating with Carreras to swap out their current lead-acid battery-powered forklifts for hydrogen fuel cells, promoting decarbonization and enhancing the efficiency of Carreras Grupo Logístico&#8217;s operations.
Also Read:<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40834851/plug-power-secures-contract-with-h2driven-for-25-mw-electrolyzers-enhancing-green-methanol-proje" rel="noreferrer noopener"> Plug Power Secures Contract With H2DRIVEN For 25 MW Electrolyzers, Enhancing Green Methanol Project In Portugal</a>
&#8220;We are excited to work with Carreras Grupo Logístico to usher in a landmark moment: the first hydrogen-powered logistics site in Spain,&#8221; noted Plug CEO Andy Marsh.
This shift to green hydrogen will boost energy efficiency, productivity, and sustainability while lowering operational costs.
The initiative at Masquefa will function as a testing ground to assess the advantages of Plug&#8217;s technology compared to traditional batteries. Findings from this project will help expand hydrogen fuel cell technology to other locations in Spain and incorporate it into Carreras Group&#8217;s primary logistics operations, which encompass 46 warehouses.
If successful, Plug will provide Carreras Grupo Logístico with a comprehensive green hydrogen ecosystem, featuring hydrogen fuel cells, a 1 MW electrolyzer, and a hydrogen refueling station.
&#8220;This strategic collaboration highlights the transformative potential of hydrogen-powered solutions to achieve the twin goals of decarbonization and operational gains in the logistics sector,&#8221; the CEO added.
Price Action: PLUG shares are trading lower by 4.87% to $2.15 at last check Tuesday.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com/news/24/10/41113339/elon-musk-resumes-slamming-fccs-decision-to-deny-starlink-885m-subsidy-after-fema-sends-its-terminal" target="_blank" rel="noreferrer noopener">Elon Musk Resumes Slamming FCC&#8217;s Decision To Deny Starlink $885M Subsidy After FEMA Sends Its Terminals To Help Hurricane Helene Victims</a></li>
</ul>

General

What's Going On With Plug Power Stock Tuesday?

The initiative will aim to establish, through a fuel cell technology advantages validation project, the first hydrogen-powered logistics site in Spain at Carreras Grupo Log&iacute;stico&#39;s logistics center in Masquefa, Barcelona.
If the project is successful, Plug will deliver to Carreras Grupo Log&iacute;stico a complete green hydrogen ecosystem, including hydrogen fuel cells, a 1 MW (megawatt) electrolyzer, and a hydrogen refueling station.

Plug Power Partners With Carreras Grupo Logístico To Launch Complete Green Hydrogen Ecosystem In Spain

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CENX

EVTL

FLNC

GTLS

JCSE

JOBY

LICY

MVST

NRGV

RKLB

RYAAY

SCCO

SKIL

SPXC

TORO

VALE

Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

Plug Power Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading higher today. The hydrogen solutions&nbsp;provider launched <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40935208/plug-power-launches-an-equipment-lease-financing-platform-plug-is-targeting-150-million-from-a-com" rel="noreferrer noopener">an equipment lease financing platform</a>.
The company aims to raise over $150 million in the near to mid-term through a combination of debt leverage and customer financing solutions.
The platform is designed to unlock capital from Plug&#8217;s equipment assets and offer financing options to drive sales growth.
In its initial step, Plug finalized three sale and leaseback deals totaling around $44 million with GTL Leasing, a portfolio company of Antin Infrastructure Partners.
&#8220;It provides for immediate capital with a path to additional capital over the near term, supports our growth in the green hydrogen sector, and aligns with Plug&#8217;s financial and operational objectives,&#8221; stated Plug CFO, Paul Middleton.
These agreements cover hydrogen transport and storage equipment, including trailers and cryogenic storage tanks. The transactions allow Plug to retain access to essential hydrogen equipment while enhancing its financial flexibility.
The capital raised will be reinvested into core operations, supporting the company&#8217;s long-term growth and expansion plans.
The platform is designed to improve Plug&#8217;s operational efficiency and resource management while providing partners like GTL with an attractive investment opportunity to grow their leased asset portfolios.
For GTL and other participants, this partnership offers long-term revenue potential, portfolio diversification, and deeper involvement in the green hydrogen economy, positioning them for sustained growth and expansion.
Nathalie Kosciusko-Morizet and Stephan Feilhauer, Senior Partner and Partner respectively at Antin Infrastructure Partners stated, &#8220;These transactions not only provide GTL with a robust portfolio of storage tanks and trailers—both cryogenic and gaseous—but also support some of the largest distribution centers in the U.S.&#8221;
On Wednesday, Plug Power secured a 25-megawatt (MW) order for its proton exchange membrane (PEM) electrolyzer systems from a major oil company <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40934580/why-is-plug-power-stock-surging-premarket-on-thursday" rel="noreferrer noopener">joint&nbsp;venture, Castellón Green Hydrogen S.L</a>.
Investors can gain access to the stock via&nbsp;Global X Hydrogen ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/24/08/40288778/plug-power-misses-q2-revenues-analysts-focus-on-electrolyzer-deployments-the-bar-was-set-low" rel="noreferrer noopener">Plug Power Misses&nbsp;Q2&nbsp;Revenues, Analysts Focus On Electrolyzer Deployments: ‘The Bar Was Set Low'</a>
Price Action: PLUG shares are up 5.95% at $2.225 at the last check Thursday.
Photo via Shutterstock
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Large Cap

ETF Series Solutions Defiance Next Gen H2 ETF

HDRO

Plug Power Fuels Sales Boom With $150M+ Equipment Leasing Strategy - What's The Benefit?

Plug Power shares are trading higher after the company launched an equipment lease financing platform.

This platform is intended to enable Plug to access capital by leveraging its equipment asset base and to provide equipment financing solutions to Plug&#39;s customers to support equipment sales growth.&nbsp;
As a first step in this platform, Plug signed three separate sale and leaseback transactions equivalent to ~$44 million&nbsp;with GTL Leasing, a portfolio company of Antin Infrastructure Partners.
These transactions enable Plug to retain access to crucial hydrogen equipment while strengthening its financial position. The funds generated will be reinvested into Plug&#39;s core operations and focused on driving long-term growth and expansion initiatives.
&nbsp;
&nbsp;

Plug Power Reveals Establishment Of An Equipment Leasing Platform And Is Targeting Over $150M In The Near To Mid-term

Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading higher premarket Thursday. The company secured a 25-megawatt (MW) order for its proton exchange membrane (PEM) electrolyzer systems from oil companies BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) and Iberdrola S.A.&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/IBDSF#OTC">IBDSF</a>) <a target="_blank" href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Contracts-with-bp-and-Iberdrola-Joint-Venture-to-Supply-25-MW-of-PEM-Electrolyzers-for-bps-Castelln-Refinery-Project-in-Valencia-Spain/default.aspx" rel="noreferrer noopener">joint </a>venture, Castellón Green Hydrogen S.L.
The project will use five 5 MW containerized PEM electrolyzers to decarbonize BP&#8217;s Castellón refinery in Valencia, Spain and is expected to reduce CO2 emissions by 23,000 tons annually.
Plug&#8217;s electrolyzers will be deployed in a project led by BP and Iberdrola to produce green hydrogen, replacing a portion of the refinery&#8217;s current gray hydrogen, which is generated from natural gas.
This partnership with BP marks the start of a long-term collaboration to decarbonize operations, with potential expansion up to 2 gigawatts of electrolysis capacity.
Plug CEO Andy Marsh said, &#8220;The selection of Plug&#8217;s technology for this project serves as a clear example of our established industry expertise and proven technology.&#8221;
&#8220;Industry experts have highlighted the immense market potential for green hydrogen in Europe as being a key factor for reaching European Union decarbonization targets. This presents a significant opportunity for Plug, and we have the market knowledge and technology readily available to make a substantial impact.&#8221;
This month, Plug Power won a contract to support 25 MW of PEM electrolyzers for H2DRIVEN&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40834851/plug-power-secures-contract-with-h2driven-for-25-mw-electrolyzers-enhancing-green-methanol-proje" rel="noreferrer noopener">green methanol project in Portugal</a>.
The contract will provide Technical Evaluation Phase support for 25 megawatts of Proton Exchange Membrane Electrolyzers during the Front End Engineering Design process for a green methanol project in Portugal.
Apart from this, the company received a $10 million grant from the U.S. Department of Energy to scale its HYPER-Fuel project, which focuses on advanced hydrogen refueling infrastructure&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40735452/whats-going-on-with-plug-power-stock-today" rel="noreferrer noopener">for medium and heavy-duty vehicles</a>.
This funding is part of the DOE&#8217;s $62 million investment in 20 projects across 15 states to advance next-generation clean hydrogen technologies.
Investors can gain access to the stock via&nbsp;Global X Hydrogen ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>) and&nbsp;ETF Series Solutions Defiance Next Gen H2 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDRO#NYSE">HDRO</a>).
Price Action: PLUG shares are up 5.24% at $2.21 premarket at the last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/08/40288778/plug-power-misses-q2-revenues-analysts-focus-on-electrolyzer-deployments-the-bar-was-set-low" target="_blank" rel="noreferrer noopener">Plug Power Misses Q2 Revenues, Analysts Focus On Electrolyzer Deployments: &#8216;The Bar Was Set Low&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

IBDSF

Why Is Plug Power Stock Surging Premarket On Thursday?

Plug Signs Agreement With BP And Iberdrola Joint Venture To Supply 25 MW Of PEM Electrolyzers For BP's Castellón Refinery Project In Valencia, Spain

Financial giants have made a conspicuous bearish move on Plug Power. Our analysis of options history for Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) revealed 15 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $980,019, and 2 were calls, valued at $90,000.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $4.0 to $5.0 for Plug Power over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Plug Power's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Plug Power's whale activity within a strike price range from $4.0 to $5.0 in the last 30 days. 
<h3>Plug Power Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726591557_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
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<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.89</td>
<td>$2.85</td>
<td>$2.89</td>
<td>$5.00</td>
<td>$295.9K</td>
<td>27.9K</td>
<td>121</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.92</td>
<td>$2.87</td>
<td>$2.92</td>
<td>$5.00</td>
<td>$88.1K</td>
<td>27.9K</td>
<td>3.5K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.91</td>
<td>$2.87</td>
<td>$2.91</td>
<td>$5.00</td>
<td>$85.2K</td>
<td>27.9K</td>
<td>1.5K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.92</td>
<td>$2.87</td>
<td>$2.92</td>
<td>$5.00</td>
<td>$75.9K</td>
<td>27.9K</td>
<td>2.5K</td>
</tr>
<tr>
<td>PLUG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.92</td>
<td>$2.88</td>
<td>$2.91</td>
<td>$5.00</td>
<td>$73.3K</td>
<td>27.9K</td>
<td>2.5K</td>
</tr>
</tbody>
</table>

<h3>About Plug Power</h3>
Plug Power is building an end-to-end green hydrogen ecosystem—from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
Following our analysis of the options activities associated with Plug Power, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Plug Power</h3>
<ul>
<li>With a volume of 33,213,916, the price of PLUG is up 7.62% at $2.12. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 51 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Plug Power options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Plug Power Unusual Options Activity For September 17

Analyst Dushyant Ailani from Jefferies maintained a Hold rating on Plug Power (PLUG – Research Report) and decreased the price target to $2.00 from...

Navigating Uncertainty: Hold Rating on Plug Power Amid Financial Challenges

Undercovered Dozen: Clover Health, Quipt, Vital Energy, STMicroelectronics +

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Plug Power (PLUG – Research Report). The company's shares close...

Craig-Hallum Sticks to Their Buy Rating for Plug Power (PLUG)

Plug Power (PLUG) Green Energy Contracts Spark 28% Stock Surge

Plug Power (PLUG) Advances in Green Energy as its Stock Surges 28%

Plug Power surges as big investor boosts stake

In a report released today, Andrew Percoco from Morgan Stanley maintained a Sell rating on Plug Power (PLUG – Research Report), with a price target...

Morgan Stanley Reaffirms Their Sell Rating on Plug Power (PLUG)

Plug Power ($PLUG) is still in the throes of a difficult year, but one institutional investor isn't worried. Norges Bank, the Central Bank of Norwa...

Norway's Central Bank Boosts Stake in Plug Power (NASDAQ:PLUG)

Analysts fell to the sidelines weighing in on Plug Power (PLUG – Research Report) and Equifax (EFX – Research Report) with neutral ratings, indicat...

Wall Street Analysts Are Neutral on Top Industrial Goods Picks

Plug Power: Potential Asymmetric Upside

Unusual total active option classes on open include: Taboola.com (TBLA), PureCycle Technologies (PCT), Kohl's (KSS), Cassava Sciences (SAVA), Iovan...

Unusually active option classes on open November 5th

BITO

CAKE

CLOV

IOVA

MRVL

PLTR

QIPT

ROKU

SAVA

STMEF

TBLA

TCANF

TCENF

TCEYF

TCNCF

TNCAF

TRPPF

TRPRF

UWMC

VTLE

Press Releases

Plug Announces Participation at the H.C. Wainwright 26th Annual Global Investment Conference

Marathon Capital Hires James Fitzgerald as Head of Institutional Sales

Plug Signs Technical Evaluation Phase Contract for 25 MW of PEM Electrolyzers with Dourogás and CapWatt for 80,000 Ton Per Year Methanol Project

Global Renewable Energy Market Expected to Reach $2.44 Trillion By 2032 as Government Initiatives & Policies Are Driving Forces

Plug Power Launches an Equipment Lease Financing Platform - Plug is Targeting >$150 million from a Combination of Debt Leverage & Customer Financing Solutions

Plug to Participate in the Wolfe Research Utilities, Midstream & Clean Energy Conference 2024

Plug Power Collaborates with Carreras Grupo Logístico for Implementation of a Complete Green Hydrogen Ecosystem

Plug and Allied Green Execute Binding Framework Agreement for 3 GW Electrolyzer Capacity

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